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S&P 500   4,567.18
DOW   36,124.56
QQQ   387.29
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What is dividend harvesting?
Marvell Technology at a critical pivot: 30% upside is possible
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SoFi expands ETF business with options-driven income fund
S&P 500   4,567.18
DOW   36,124.56
QQQ   387.29
Investing in quantum computing: A guide 
U.S. Military Defense Fails Without Vanadium? (Ad)
What is dividend harvesting?
Marvell Technology at a critical pivot: 30% upside is possible
The Battery Metal Nobody Told You About (Ad)
What analysts wanted out of Chewy stock is finally here
Even Scrooge can’t pass up these 3 bargain stocks
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The truth about DocuSign's relevancy in today's world: Surprise
SoFi expands ETF business with options-driven income fund

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

$36.44
+0.35 (+0.97%)
(As of 12/5/2023 ET)
Compare
Today's Range
$35.03
$36.47
50-Day Range
$28.40
$36.44
52-Week Range
$18.75
$36.49
Volume
3.32 million shs
Average Volume
1.46 million shs
Market Capitalization
$8.24 billion
P/E Ratio
17.19
Dividend Yield
N/A
Price Target
$36.91

Core & Main MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.70 Rating Score
Upside/​Downside
1.3% Upside
$36.91 Price Target
Short Interest
Bearish
10.69% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.24mentions of Core & Main in the last 14 days
Based on 18 Articles This Week
Insider Trading
Selling Shares
$1.38 B Sold Last Quarter
Proj. Earnings Growth
24.87%
From $1.97 to $2.46 Per Share

Overall MarketRank

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

1.86 out of 5 stars

Business Services Sector

190th out of 285 stocks

Durable Goods, Not Elsewhere Classified Industry

2nd 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 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 Stock Price History

CNM Stock News Headlines

All the trading advice you’ve ever received boils down to this
All the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.
Core & Main (CNM) Q3 Earnings and Revenues Miss Estimates
Core & Main Q3 Net Income Declines; Net Sales Up 0.5%
Core & Main Announces Fiscal 2023 Third Quarter Results
All the trading advice you’ve ever received boils down to this
All the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.
Core & Main Completes Acquisition of Enviroscape
4 Analysts Have This to Say About Core & Main
Core & Main (CNM) Set to Announce Quarterly Earnings on Tuesday
Core & Main to Announce Fiscal 2023 Third Quarter Results
Core & Main 10% Owner Trades Company's Stock
See More Headlines
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Company Calendar

Today
12/05/2023
Last Earnings
12/05/2023
Next Earnings (Confirmed)
12/05/2023
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 Target
$36.91
High Stock Price Target
$44.00
Low Stock Price Target
$29.00
Potential Upside/Downside
+1.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.70
Research Coverage
10 Analysts

Profitability

Net Income
$366 million
Pretax Margin
10.41%

Debt

Sales & Book Value

Annual Sales
$6.63 billion
Cash Flow
$2.11 per share
Book Value
$9.80 per share

Miscellaneous

Free Float
218,327,000
Market Cap
$8.24 billion
Optionable
Not Optionable
Beta
1.02
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CNM Stock Analysis - Frequently Asked Questions

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

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.
View CNM analyst ratings
or view top-rated stocks.

What is Core & Main's stock price target for 2024?

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.
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 beginning of 2023. Since then, CNM stock has increased by 88.7% and is now trading at $36.44.
View the best growth stocks for 2023 here
.

Are investors shorting Core & Main?

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.
View Core & Main's Short Interest
.

How were Core & Main's earnings last quarter?

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.

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

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.

When did Core & Main IPO?

(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.

Who are Core & Main's major shareholders?

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.
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.

This page (NYSE:CNM) was last updated on 12/6/2023 by MarketBeat.com Staff

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