S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
Tesla cuts US prices for 3 of its electric vehicle models after a difficult week
A coffee roastery in Finland has launched an AI-generated blend. The results were surprising
Autoworkers union celebrates breakthrough win in Tennessee and takes aim at more plants in the South
New York lawmakers pass $237 billion budget with policies to jump-start housing market
The House votes for possible TikTok ban in the US, but don't expect the app to go away anytime soon
Hawaii lawmakers take aim at vacation rentals after Lahaina wildfire amplifies Maui housing crisis
Biden sees a $35 price cap for insulin as a pivotal campaign issue. It’s not that clear-cut
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
Tesla cuts US prices for 3 of its electric vehicle models after a difficult week
A coffee roastery in Finland has launched an AI-generated blend. The results were surprising
Autoworkers union celebrates breakthrough win in Tennessee and takes aim at more plants in the South
New York lawmakers pass $237 billion budget with policies to jump-start housing market
The House votes for possible TikTok ban in the US, but don't expect the app to go away anytime soon
Hawaii lawmakers take aim at vacation rentals after Lahaina wildfire amplifies Maui housing crisis
Biden sees a $35 price cap for insulin as a pivotal campaign issue. It’s not that clear-cut
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
Tesla cuts US prices for 3 of its electric vehicle models after a difficult week
A coffee roastery in Finland has launched an AI-generated blend. The results were surprising
Autoworkers union celebrates breakthrough win in Tennessee and takes aim at more plants in the South
New York lawmakers pass $237 billion budget with policies to jump-start housing market
The House votes for possible TikTok ban in the US, but don't expect the app to go away anytime soon
Hawaii lawmakers take aim at vacation rentals after Lahaina wildfire amplifies Maui housing crisis
Biden sees a $35 price cap for insulin as a pivotal campaign issue. It’s not that clear-cut
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
Tesla cuts US prices for 3 of its electric vehicle models after a difficult week
A coffee roastery in Finland has launched an AI-generated blend. The results were surprising
Autoworkers union celebrates breakthrough win in Tennessee and takes aim at more plants in the South
New York lawmakers pass $237 billion budget with policies to jump-start housing market
The House votes for possible TikTok ban in the US, but don't expect the app to go away anytime soon
Hawaii lawmakers take aim at vacation rentals after Lahaina wildfire amplifies Maui housing crisis
Biden sees a $35 price cap for insulin as a pivotal campaign issue. It’s not that clear-cut
NYSE:CNM

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

$54.17
-0.42 (-0.77%)
(As of 04/19/2024 ET)
Today's Range
$53.54
$55.10
50-Day Range
$43.57
$59.74
52-Week Range
$25.08
$60.83
Volume
1.50 million shs
Average Volume
2.05 million shs
Market Capitalization
$10.91 billion
P/E Ratio
25.20
Dividend Yield
N/A
Price Target
$50.08

Core & Main MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
7.5% Downside
$50.08 Price Target
Short Interest
Healthy
5.07% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
1.09mentions of Core & Main in the last 14 days
Based on 9 Articles This Week
Insider Trading
Selling Shares
$960.75 M Sold Last Quarter
Proj. Earnings Growth
6.95%
From $2.59 to $2.77 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.13 out of 5 stars

Business Services Sector

197th out of 301 stocks

Durable Goods, Not Elsewhere Classified Industry

1st 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 sets, 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 Saint Louis, Missouri.

CNM Stock Price History

CNM Stock News Headlines

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Assessing Core & Main: Insights From 10 Financial Analysts
Core & Main (NYSE: CNM)
Core & Main Completes Acquisition of ACF West Inc.
Core & Main To Acquire EGW Utilities
Core & Main | Shares Are Under Heavy Accumulation
Core & Main Analysts Boost Their Forecasts After Q4 Results
Forecasting The Future: 7 Analyst Projections For Core & Main
See More Headlines
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Company Calendar

Last Earnings
3/19/2024
Today
4/20/2024
Next Earnings (Estimated)
6/04/2024
Fiscal Year End
1/31/2025

Industry, Sector and Symbol

Industry
Durable goods, not elsewhere classified
Sub-Industry
N/A
Fax
N/A
Employees
5,000
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$50.08
High Stock Price Target
$65.00
Low Stock Price Target
$33.00
Potential Upside/Downside
-7.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
9 Analysts

Profitability

Net Income
$371 million
Pretax Margin
9.83%

Debt

Sales & Book Value

Annual Sales
$6.70 billion
Cash Flow
$2.59 per share
Book Value
$7.57 per share

Miscellaneous

Free Float
194,343,000
Market Cap
$10.91 billion
Optionable
Optionable
Beta
1.15
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CNM Stock Analysis - Frequently Asked Questions

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

9 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 6 buy ratings for the stock. The consensus among Wall Street equities 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?

9 Wall Street research analysts have issued 1-year price targets for Core & Main's shares. Their CNM share price targets range from $33.00 to $65.00. On average, they anticipate the company's stock price to reach $50.08 in the next year. This suggests that the stock has a possible downside of 7.5%.
View analysts price targets for CNM
or view top-rated stocks among Wall Street analysts.

How have CNM shares performed in 2024?

Core & Main's stock was trading at $40.41 at the beginning of 2024. Since then, CNM stock has increased by 34.1% and is now trading at $54.17.
View the best growth stocks for 2024 here
.

Are investors shorting Core & Main?

Core & Main saw a increase in short interest in the month of March. As of March 15th, there was short interest totaling 9,780,000 shares, an increase of 15.9% from the February 29th total of 8,440,000 shares. Based on an average daily trading volume, of 3,020,000 shares, the days-to-cover ratio is currently 3.2 days. Currently, 5.1% of the company's shares 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, June 4th 2024.
View our CNM earnings forecast
.

How were Core & Main's earnings last quarter?

Core & Main, Inc. (NYSE:CNM) released its quarterly earnings results on Tuesday, March, 19th. The company reported $0.34 EPS for the quarter, meeting the consensus estimate of $0.34. The firm earned $1.44 billion during the quarter, compared to analyst estimates of $1.43 billion. Core & Main had a trailing twelve-month return on equity of 18.22% and a net margin of 5.54%. Core & Main's quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.31 EPS.

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

Core & Main updated its FY 2024 earnings guidance on Tuesday, March, 19th. The company provided EPS guidance of for the period. The company issued revenue guidance of $7.4 billion-$7.6 billion, compared to the consensus revenue estimate of $7.2 billion.

When did Core & Main IPO?

Core & Main (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 many different institutional and retail investors. Top institutional investors include Artemis Investment Management LLP (1.32%), Vaughan Nelson Investment Management L.P. (0.74%), Los Angeles Capital Management LLC (0.19%), Perpetual Ltd (0.12%), Renaissance Capital LLC (0.06%) and Allspring Global Investments Holdings LLC (0.03%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:CNM) was last updated on 4/21/2024 by MarketBeat.com Staff

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