NYSE:CNM

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

$55.97
+1.36 (+2.49%)
(As of 04/23/2024 ET)
Today's Range
$54.66
$55.99
50-Day Range
$43.57
$59.74
52-Week Range
$25.16
$60.83
Volume
1.09 million shs
Average Volume
2.88 million shs
Market Capitalization
$11.27 billion
P/E Ratio
26.03
Dividend Yield
N/A
Price Target
$50.08

Core & Main MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
10.5% Downside
$50.08 Price Target
Short Interest
Healthy
5.07% 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
$960.75 M Sold Last Quarter
Proj. Earnings Growth
6.95%
From $2.59 to $2.77 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.

2.42 out of 5 stars

Business Services Sector

173rd out of 303 stocks

Durable Goods, Not Elsewhere Classified Industry

1st 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 sets, 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

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AI was by far the biggest tech investing trend right now. But Ross Givens says the #1 artificial intelligence stock[/lin] is NOT Microsoft, Google, Amazon or Apple. Nope — his research is pointing to a tiny, under-the-radar stock that’s trading for just a few dollars right now… And could soon shoot to the moon, handing early investors a windfall.
top AI stock (it’s not MSFT, GOOGL, AMZN or AAPL)
AI was by far the biggest tech investing trend right now. But Ross Givens says the #1 artificial intelligence stock[/lin] is NOT Microsoft, Google, Amazon or Apple. Nope — his research is pointing to a tiny, under-the-radar stock that’s trading for just a few dollars right now… And could soon shoot to the moon, handing early investors a windfall.
Assessing Core & Main: Insights From 10 Financial Analysts
Core & Main (NYSE: CNM)
Core & Main Completes Acquisition of ACF West Inc.
Core & Main To Acquire EGW Utilities
Core & Main | Shares Are Under Heavy Accumulation
Core & Main Analysts Boost Their Forecasts After Q4 Results
Forecasting The Future: 7 Analyst Projections For Core & Main
Q4 2023 Core & Main Inc Earnings Call
See More Headlines
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Company Calendar

Last Earnings
3/19/2024
Today
4/23/2024
Next Earnings (Estimated)
6/04/2024
Fiscal Year End
1/31/2025

Industry, Sector and Symbol

Industry
Durable goods, not elsewhere classified
Sub-Industry
N/A
Fax
N/A
Employees
5,000
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$50.08
High Stock Price Target
$65.00
Low Stock Price Target
$33.00
Potential Upside/Downside
-10.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
9 Analysts

Profitability

Net Income
$371 million
Pretax Margin
9.83%

Debt

Sales & Book Value

Annual Sales
$6.70 billion
Cash Flow
$2.69 per share
Book Value
$7.57 per share

Miscellaneous

Free Float
194,343,000
Market Cap
$11.27 billion
Optionable
Optionable
Beta
1.15
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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 twelve months. There are currently 3 hold ratings and 6 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 Wall Street analysts have issued 1 year target prices for Core & Main's shares. Their CNM share price targets range from $33.00 to $65.00. On average, they expect the company's stock price to reach $50.08 in the next twelve months. This suggests that the stock has a possible downside of 10.5%.
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 2024. Since then, CNM shares have increased by 38.5% and is now trading at $55.97.
View the best growth stocks for 2024 here
.

Are investors shorting Core & Main?

Core & Main saw a increase in short interest in the month of March. As of March 15th, there was short interest totaling 9,780,000 shares, an increase of 15.9% from the February 29th total of 8,440,000 shares. Based on an average daily volume of 3,020,000 shares, the days-to-cover ratio is currently 3.2 days. Currently, 5.1% of the shares of the stock are short sold.
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, June 4th 2024.
View our CNM earnings forecast
.

How were Core & Main's earnings last quarter?

Core & Main, Inc. (NYSE:CNM) posted its quarterly earnings data on Tuesday, March, 19th. The company reported $0.34 earnings per share for the quarter, hitting the consensus estimate of $0.34. The firm had revenue of $1.44 billion for the quarter, compared to analysts' expectations of $1.43 billion. Core & Main had a trailing twelve-month return on equity of 18.22% and a net margin of 5.54%. Core & Main's quarterly revenue was up 4.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.31 EPS.

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

Core & Main updated its FY 2024 earnings guidance on Tuesday, March, 19th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $7.4 billion-$7.6 billion, compared to the consensus revenue estimate of $7.2 billion.

When did Core & Main IPO?

Core & Main (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 variety of institutional and retail investors. Top institutional shareholders include Artemis Investment Management LLP (1.32%), Vaughan Nelson Investment Management L.P. (0.74%), Raymond James & Associates (0.21%), Los Angeles Capital Management LLC (0.19%), Seven Grand Managers LLC (0.12%) and Perpetual Ltd (0.12%). 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 4/23/2024 by MarketBeat.com Staff

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