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S&P 500   4,320.06
DOW   33,963.84
QQQ   357.24
3 Blue Chip Safe Havens to Shield Your Portfolio
An Unusual Way to Invest in Gold (Ad)
Buy The World’s Largest IT Infrastructure Provider For Under $20
3 Stocks That Flourish In The Fall
Would Buffett Approve of This Growth Strategy? (Ad)
Stock market today: Wall Street inches lower hinting that sustained market sell-off may continue
Oil prices have risen. That's making gas more expensive for US drivers and helping Russia's war
Would Buffett Approve of This Growth Strategy? (Ad)
Is Jet Blue's Descent Into Penny Stock Territory an Opportunity?
META's Outperformance Last Week Points to Imminent Breakout
S&P 500   4,320.06
DOW   33,963.84
QQQ   357.24
3 Blue Chip Safe Havens to Shield Your Portfolio
An Unusual Way to Invest in Gold (Ad)
Buy The World’s Largest IT Infrastructure Provider For Under $20
3 Stocks That Flourish In The Fall
Would Buffett Approve of This Growth Strategy? (Ad)
Stock market today: Wall Street inches lower hinting that sustained market sell-off may continue
Oil prices have risen. That's making gas more expensive for US drivers and helping Russia's war
Would Buffett Approve of This Growth Strategy? (Ad)
Is Jet Blue's Descent Into Penny Stock Territory an Opportunity?
META's Outperformance Last Week Points to Imminent Breakout
S&P 500   4,320.06
DOW   33,963.84
QQQ   357.24
3 Blue Chip Safe Havens to Shield Your Portfolio
An Unusual Way to Invest in Gold (Ad)
Buy The World’s Largest IT Infrastructure Provider For Under $20
3 Stocks That Flourish In The Fall
Would Buffett Approve of This Growth Strategy? (Ad)
Stock market today: Wall Street inches lower hinting that sustained market sell-off may continue
Oil prices have risen. That's making gas more expensive for US drivers and helping Russia's war
Would Buffett Approve of This Growth Strategy? (Ad)
Is Jet Blue's Descent Into Penny Stock Territory an Opportunity?
META's Outperformance Last Week Points to Imminent Breakout
NYSE:CNM

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

$28.43
+0.47 (+1.68%)
(As of 09/22/2023 06:40 PM ET)
Compare
Today's Range
$28.03
$28.54
50-Day Range
$27.96
$33.02
52-Week Range
$18.75
$33.32
Volume
2.75 million shs
Average Volume
1.11 million shs
Market Capitalization
$6.43 billion
P/E Ratio
13.41
Dividend Yield
N/A
Price Target
$36.20

Core & Main MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
27.3% Upside
$36.20 Price Target
Short Interest
Bearish
10.54% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.55mentions of Core & Main in the last 14 days
Based on 9 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.

2.54 out of 5 stars

Business Services Sector

82nd out of 312 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

An Unusual Way to Invest in Gold
Most financial experts recommend including gold in your investment mix to protect against rising prices and keep wealth secure. Investors are discovering a little-known way to benefit from gold, which offers the chance to gain from higher gold prices and mining successes while avoiding the costs of operating mines.
Short Interest in Core & Main, Inc. (NYSE:CNM) Increases By 8.0%
An Unusual Way to Invest in Gold
Most financial experts recommend including gold in your investment mix to protect against rising prices and keep wealth secure. Investors are discovering a little-known way to benefit from gold, which offers the chance to gain from higher gold prices and mining successes while avoiding the costs of operating mines.
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
9/24/2023
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
+27.3%
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
$9.78 per share

Miscellaneous

Free Float
218,327,000
Market Cap
$6.43 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 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 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 Wall Street analysts have issued 1-year 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 twelve months. This suggests a possible upside of 27.3% 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 start of the year. Since then, CNM stock has increased by 47.2% and is now trading at $28.43.
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 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 daily volume of 1,160,000 shares, the days-to-cover ratio is presently 8.3 days. Approximately 10.5% of the shares of the company are sold short.
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) announced its quarterly earnings results on Wednesday, September, 6th. The company reported $0.66 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.67 by $0.01. The firm earned $1.86 billion during the quarter, compared to the consensus estimate 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 revenue for the quarter was up .0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.89 earnings per share.

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

Core & Main issued an update on its FY 2023 earnings guidance on Wednesday, September, 6th. The company provided earnings per share (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 a number of institutional and retail investors. Top institutional investors 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 $28.43.

How much money does Core & Main make?

Core & Main (NYSE:CNM) has a market capitalization of $6.43 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 9/25/2023 by MarketBeat.com Staff

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