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

9 Wall Street 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 research analysts is that investors should "moderate buy" CNM shares.
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9 equities research analysts have issued twelve-month price targets for Core & Main's shares. Their CNM share price forecasts range from $29.00 to $44.00. On average, they expect the company's share price to reach $36.20 in the next year. This suggests a possible upside of 25.5% from the stock's current price.
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Core & Main's stock was trading at $19.31 on January 1st, 2023. Since then, CNM shares have increased by 49.4% and is now trading at $28.85.
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Core & Main saw a increase in short interest in the month of September. As of September 15th, there was short interest totaling 10,410,000 shares, an increase of 8.1% from the August 31st total of 9,630,000 shares. Based on an average daily trading volume, of 1,280,000 shares, the days-to-cover ratio is presently 8.1 days. Currently, 9.8% of the shares of the company are short sold.
View Core & Main's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, December 12th 2023.
View our CNM earnings forecast.

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 business had revenue of $1.86 billion for the quarter, compared to analysts' expectations of $1.86 billion. Core & Main had a trailing twelve-month return on equity of 15.75% and a net margin of 5.45%. The company's quarterly revenue was up .0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.89 EPS.

ETFs with the largest weight of Core & Main (NYSE:CNM) stock in their portfolio include Subversive Food Security ETF (KCAL), First Trust Water ETF (FIW), Janus Henderson Small Cap Growth Alpha ETF (JSML), SPDR S&P Kensho Intelligent Structures ETF (SIMS), Putnam Sustainable Future ETF (PFUT), Invesco Water Resources ETF (PHO), Thrivent Small-Mid Cap ESG ETF (TSME) and Global X Clean Water ETF (AQWA).

Core & Main issued an update on 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.

(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.

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

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.
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One share of CNM stock can currently be purchased for approximately $28.85.

Core & Main (NYSE:CNM) has a market capitalization of $6.53 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.

The company employs 4,500 workers across the globe.

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.