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T   16.98 (+0.30%)
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NYSE:CNM

Core & Main (CNM) Stock Price, News & Analysis

$48.97
+1.24 (+2.60%)
(As of 03/1/2024 ET)
Today's Range
$47.79
$49.01
50-Day Range
$39.10
$47.79
52-Week Range
$20.30
$49.01
Volume
2.36 million shs
Average Volume
3.21 million shs
Market Capitalization
$10.59 billion
P/E Ratio
23.10
Dividend Yield
N/A
Price Target
$40.73

Core & Main MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.78 Rating Score
Upside/​Downside
16.8% Downside
$40.73 Price Target
Short Interest
Healthy
4.76% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
1.09mentions of Core & Main in the last 14 days
Based on 8 Articles This Week
Insider Trading
Selling Shares
$2.56 B Sold Last Quarter
Proj. Earnings Growth
6.96%
From $2.30 to $2.46 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.29 out of 5 stars

Business Services Sector

230th out of 315 stocks

Durable Goods, Not Elsewhere Classified Industry

2nd out of 2 stocks


CNM stock logo

About Core & Main Stock (NYSE:CNM)

Core & Main, Inc. distributes water, wastewater, storm drainage, and fire protection products and related services to municipalities, private water companies, and professional contractors in the municipal, non-residential, and residential end markets in the United States. Its products portfolio include pipes, valves, hydrants, fittings, and other products and services; storm drainage products, such as corrugated piping systems, retention basins, inline drains, manholes, grates, geosynthetics, erosion control, and other related products; fire protection products, including fire protection pipes, and sprinkler heads and devices, as well as fabrication services; and meter products, such as smart meter products, meter accessories, installation, software, and other services. The company's specialty products and services are used in the maintenance, repair, replacement, and construction of water, wastewater, storm drainage, and fire protection infrastructure. Core & Main, Inc. was founded in 1874 and is headquartered in Saint Louis, Missouri.

CNM Stock Price History

CNM Stock News Headlines

Is Core & Main (CNM) Undervalued by the Market?
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Core & Main Completes Acquisition of Eastern Supply
Core & Main Elects LeClair As Chairman
Bezos and Gates Invest in Search for Tech's Best-Kept Secret
Billionaires who've made their fortunes in tech, are quietly investing in essential yet rare elements known as "The Seeds of Technology". Learn more about this massive rare earth treasure hunt and the very elements making emerging technologies possible.
Littlejohn & Co. to Sell Dana Kepner to Core & Main
Core & Main Signs Agreement to Acquire Dana Kepner
10% Owner Of Core & Main Makes $938.88M Sale
Core & Main
CD&R Seeks to Exit Core & Main Stake Via Share Sale
Core & Main Inc - Ordinary Shares Class A
Core & Main To Acquire Eastern Supply
Core & Main Signs Agreement to Acquire Eastern Supply
Citigroup Upgrades Core & Main (CNM)
The Analyst Landscape: 7 Takes On Core & Main
Core & Main Announces Upsizing of Secondary Offering
See More Headlines
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Company Calendar

Last Earnings
12/05/2023
Today
3/01/2024
Next Earnings (Estimated)
3/26/2024
Fiscal Year End
1/31/2025

Industry, Sector and Symbol

Industry
Durable goods, not elsewhere classified
Sub-Industry
N/A
Fax
N/A
Employees
4,500
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$40.73
High Stock Price Target
$49.00
Low Stock Price Target
$33.00
Potential Upside/Downside
-16.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.78
Research Coverage
9 Analysts

Profitability

Net Income
$366 million
Pretax Margin
10.08%

Debt

Sales & Book Value

Annual Sales
$6.65 billion
Cash Flow
$2.14 per share
Book Value
$9.80 per share

Miscellaneous

Free Float
208,679,000
Market Cap
$10.59 billion
Optionable
Optionable
Beta
1.07
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CNM Stock Analysis - Frequently Asked Questions

Should I buy or sell Core & Main stock right now?

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Core & Main in the last year. There are currently 2 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" CNM shares.
View CNM analyst ratings
or view top-rated stocks.

What is Core & Main's stock price target for 2024?

9 brokers have issued 12-month target prices for Core & Main's stock. Their CNM share price targets range from $33.00 to $49.00. On average, they expect the company's share price to reach $40.73 in the next twelve months. This suggests that the stock has a possible downside of 16.8%.
View analysts price targets for CNM
or view top-rated stocks among Wall Street analysts.

How have CNM shares performed in 2024?

Core & Main's stock was trading at $40.41 at the beginning of the year. Since then, CNM stock has increased by 21.2% and is now trading at $48.97.
View the best growth stocks for 2024 here
.

Are investors shorting Core & Main?

Core & Main saw a decline in short interest in the month of January. As of January 31st, there was short interest totaling 8,900,000 shares, a decline of 15.2% from the January 15th total of 10,500,000 shares. Based on an average trading volume of 3,660,000 shares, the short-interest ratio is currently 2.4 days. Approximately 4.7% of the company's stock are sold short.
View Core & Main's Short Interest
.

When is Core & Main's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, March 26th 2024.
View our CNM earnings forecast
.

How were Core & Main's earnings last quarter?

Core & Main, Inc. (NYSE:CNM) issued its quarterly earnings data on Tuesday, December, 5th. The company reported $0.65 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.68 by $0.03. The business earned $1.83 billion during the quarter, compared to analysts' expectations of $1.82 billion. Core & Main had a trailing twelve-month return on equity of 16.03% and a net margin of 5.46%. The company's revenue for the quarter was up .5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.65 EPS.

What guidance has Core & Main issued on next quarter's earnings?

Core & Main updated its FY 2023 earnings guidance on Monday, December, 11th. The company provided EPS guidance of for the period. The company issued revenue guidance of $6.7 billion-$6.8 billion, compared to the consensus revenue estimate of $6.7 billion.

When did Core & Main IPO?

(CNM) raised $750 million in an IPO on Friday, July 23rd 2021. The company issued 34,883,721 shares at a price of $20.00-$23.00 per share.

Who are Core & Main's major shareholders?

Core & Main's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Clayton Dubilier & Rice LLC (22.98%), Vanguard Group Inc. (6.21%), Victory Capital Management Inc. (1.75%), Handelsbanken Fonder AB (1.25%), First Trust Advisors LP (1.11%) and Fiduciary Management Inc. WI (1.06%). Insiders that own company stock include Bradford A Cowles, Cd&R Investment Associates X,, James G Castellano, Jeffrey D Giles, John R Schaller, John Weldon Stephens, Laura K Schneider, Mark G Whittenburg, Mark R Witkowski, Orvin T Kimbrough and Stephen O Leclair.
View institutional ownership trends
.

How do I buy shares of Core & Main?

Shares of CNM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:CNM) was last updated on 3/1/2024 by MarketBeat.com Staff