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

10 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 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" CNM shares.
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10 equities research analysts have issued twelve-month price objectives for Core & Main's stock. Their CNM share price targets range from $29.00 to $44.00. On average, they anticipate the company's share price to reach $36.91 in the next year. This suggests a possible upside of 2.3% from the stock's current price.
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Core & Main's stock was trading at $19.31 at the start of the year. Since then, CNM shares have increased by 86.9% and is now trading at $36.09.
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Core & Main saw a increase in short interest in 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 trading volume, of 2,520,000 shares, the short-interest ratio is presently 5.4 days. Approximately 10.7% of the shares of the stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, December 5th 2023.
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Core & Main will be holding an earnings conference call on Tuesday, December 5th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link.

Core & Main, Inc. (NYSE:CNM) issued its quarterly earnings results on Wednesday, September, 6th. The company reported $0.66 EPS for the quarter, missing analysts' consensus estimates of $0.67 by $0.01. The company had revenue of $1.86 billion for the quarter, compared to analysts' expectations 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 quarterly revenue was up .0% on a year-over-year basis. During the same period in the previous year, the business posted $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 third quarter 2023 earnings guidance on Monday, November, 6th. The company provided earnings per share (EPS) 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 initial public offering (IPO) on Friday, July 23rd 2021. The company issued 34,883,721 shares at a price of $20.00-$23.00 per share.

Core & Main's stock is owned by a number of retail and institutional investors. Top institutional shareholders 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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