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NYSE:CNM

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

$28.27
-0.41 (-1.43%)
(As of 09/26/2023 ET)
Compare
Today's Range
$28.14
$28.65
50-Day Range
$27.96
$33.02
52-Week Range
$18.75
$33.32
Volume
3.68 million shs
Average Volume
1.13 million shs
Market Capitalization
$6.40 billion
P/E Ratio
13.33
Dividend Yield
N/A
Price Target
$36.20

Core & Main MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
28.1% Upside
$36.20 Price Target
Short Interest
Bearish
10.54% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.50mentions of Core & Main in the last 14 days
Based on 7 Articles This Week
Insider Trading
Selling Shares
$615.15 M Sold Last Quarter
Proj. Earnings Growth
18.18%
From $1.87 to $2.21 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.53 out of 5 stars

Business Services Sector

85th out of 316 stocks

Durable Goods, Not Elsewhere Classified Industry

1st out of 2 stocks


CNM stock logo

About Core & Main (NYSE:CNM) Stock

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 St. Louis, Missouri.

CNM Price History

CNM Stock News Headlines

Core & Main: Mixed Prospects Keeps Me On The Sidelines
Unlock the treasure on Mount Olympus with this little-known mining stock.
Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons
Short Interest in Core & Main, Inc. (NYSE:CNM) Increases By 8.0%
Unlock the treasure on Mount Olympus with this little-known mining stock.
Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons
Core & Main (NYSE:CNM) Shares Gap Down to $29.44
Core & Main (CNM) Gets a Buy from RBC Capital
Q2 2023 Core & Main Inc Earnings Call
Core & Main Q2 Net Income Declines
Core & Main Announces Fiscal 2023 Second Quarter Results
Core & Main Inc (CNM)
Core & Main to Host Inaugural Investor Day
See More Headlines
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CNM Company Calendar

Last Earnings
9/06/2023
Today
9/26/2023
Next Earnings (Estimated)
12/12/2023
Fiscal Year End
1/31/2024

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 Forecast
$36.20
High Stock Price Forecast
$44.00
Low Stock Price Forecast
$29.00
Forecasted Upside/Downside
+27.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
9 Analysts

Profitability

Net Income
$366 million
Pretax Margin
10.41%

Debt

Sales & Book Value

Annual Sales
$6.65 billion
Cash Flow
$2.09 per share
Book Value
$9.80 per share

Miscellaneous

Free Float
218,327,000
Market Cap
$6.42 billion
Optionable
Not Optionable
Beta
0.91
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Key Executives

  • Mr. Stephen O. LeClairMr. Stephen O. LeClair (Age 54)
    CEO & Director
    Comp: $2.59M
  • Mr. John R. SchallerMr. John R. Schaller (Age 67)
    Pres
    Comp: $1.04M
  • Mr. Bradford A. CowlesMr. Bradford A. Cowles (Age 52)
    Pres
    Comp: $925.99k
  • Mr. Mark R. Witkowski (Age 48)
    Chief Financial Officer
    Comp: $1.27M
  • Mr. Mark G. WhittenburgMr. Mark G. Whittenburg (Age 56)
    Gen. Counsel & Sec.
    Comp: $1.1M
  • Ms. Carrie Busbee
    Chief Information Officer
  • Ms. Robyn Bradbury
    VP of Fin. & Investor Relations
  • Jennifer Noonan
    Director of Marketing & Communications
  • Mr. Jeffrey D. GilesMr. Jeffrey D. Giles
    VP of Corp. Devel.
  • Ms. Yvonne Bland
    VP of Sales & Bus. Devel.













CNM Stock - Frequently Asked Questions

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

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Core & Main in the last year. There are currently 3 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street 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 forecast for 2023?

9 brokerages have issued 12-month price targets for Core & Main's shares. Their CNM share price forecasts range from $29.00 to $44.00. On average, they anticipate the company's share price to reach $36.20 in the next year. This suggests a possible upside of 27.5% from the stock's current price.
View analysts price targets for CNM
or view top-rated stocks among Wall Street analysts.

How have CNM shares performed in 2023?

Core & Main's stock was trading at $19.31 at the start of the year. Since then, CNM stock has increased by 47.1% and is now trading at $28.40.
View the best growth stocks for 2023 here
.

Are investors shorting Core & Main?

Core & Main saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 9,630,000 shares, an increase of 8.0% from the August 15th total of 8,920,000 shares. Based on an average trading volume of 1,160,000 shares, the days-to-cover ratio is currently 8.3 days. Approximately 10.5% of the shares of the company 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, December 12th 2023.
View our CNM earnings forecast
.

How were Core & Main's earnings last quarter?

Core & Main, Inc. (NYSE:CNM) released its earnings results on Wednesday, September, 6th. The company reported $0.66 EPS for the quarter, missing the consensus estimate of $0.67 by $0.01. The company earned $1.86 billion during the quarter, compared to the consensus estimate of $1.86 billion. Core & Main had a net margin of 5.45% and a trailing twelve-month return on equity of 15.75%. The business's revenue was up .0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.89 earnings per share.

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

Core & Main updated its FY 2023 earnings guidance on Wednesday, September, 6th. The company provided EPS guidance of for the period. The company issued revenue guidance of $6.60 billion-$6.80 billion, compared to the consensus revenue estimate of $6.76 billion.

When did Core & Main IPO?

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

What is Core & Main's stock symbol?

Core & Main trades on the New York Stock Exchange (NYSE) under the ticker symbol "CNM."

Who are Core & Main's major shareholders?

Core & Main's stock is owned by many different retail and institutional investors. Top institutional shareholders include Clayton Dubilier & Rice LLC (52.70%), Victory Capital Management Inc. (2.41%), BlackRock Inc. (1.80%), Driehaus Capital Management LLC (0.86%), Vaughan Nelson Investment Management L.P. (0.70%) and Goldman Sachs Group Inc. (0.64%). Insiders that own company stock include Bradford A Cowles, Cd&R Investment Associates X,, Jeffrey D Giles, John R Schaller, John Weldon Stephens, Laura K Schneider, Mark G Whittenburg, 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Core & Main's stock price today?

One share of CNM stock can currently be purchased for approximately $28.40.

How much money does Core & Main make?

Core & Main (NYSE:CNM) has a market capitalization of $6.42 billion and generates $6.65 billion in revenue each year. The company earns $366 million in net income (profit) each year or $2.12 on an earnings per share basis.

How many employees does Core & Main have?

The company employs 4,500 workers across the globe.

How can I contact Core & Main?

The official website for the company is www.coreandmain.com. The company can be reached via phone at 314-432-4700 or via email at investorrelations@coreandmain.com.

This page (NYSE:CNM) was last updated on 9/26/2023 by MarketBeat.com Staff

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