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

10 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 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" CNM shares.
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10 Wall Street analysts have issued 12-month target prices for Core & Main's stock. Their CNM share price targets range from $29.00 to $44.00. On average, they predict the company's share price to reach $36.91 in the next year. This suggests a possible upside of 1.3% from the stock's current price.
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Core & Main's stock was trading at $19.31 at the beginning of 2023. Since then, CNM stock has increased by 88.7% and is now trading at $36.44.
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Core & Main saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 13,530,000 shares, an increase of 35.0% from the October 31st total of 10,020,000 shares. Based on an average daily volume of 2,520,000 shares, the days-to-cover ratio is currently 5.4 days. Approximately 10.7% of the shares of the company are sold short.
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Core & Main, Inc. (NYSE:CNM) released its quarterly earnings data on Tuesday, December, 5th. The company reported $0.65 EPS for the quarter, missing analysts' consensus estimates of $0.66 by $0.01. The company 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 15.75% and a net margin of 5.45%. Core & Main's revenue was up .5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.65 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 updated its third quarter 2023 earnings guidance on Monday, November, 6th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $1.82 billion-$1.83 billion, compared to the consensus revenue estimate of $1.84 billion.

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

Core & Main's stock is owned by a number of institutional and retail investors. Top institutional investors include Clayton Dubilier & Rice LLC (43.80%), FMR LLC (3.48%), Victory Capital Management Inc. (2.12%), Morgan Stanley (1.87%), Robeco Schweiz AG (1.29%) and Invesco Ltd. (1.10%). 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.
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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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