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

9 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 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" CNM shares.
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9 brokerages have issued 12-month price targets for Core & Main's shares. Their CNM share price forecasts range from $29.00 to $44.00. On average, they anticipate the company's share price to reach $36.20 in the next year. This suggests a possible upside of 27.5% 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 stock has increased by 47.1% and is now trading at $28.40.
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Core & Main saw a increase in short interest during 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 trading volume of 1,160,000 shares, the days-to-cover ratio is currently 8.3 days. Approximately 10.5% of the shares of the company are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, December 12th 2023.
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Core & Main, Inc. (NYSE:CNM) released its earnings results on Wednesday, September, 6th. The company reported $0.66 EPS for the quarter, missing the consensus estimate of $0.67 by $0.01. The company earned $1.86 billion during the quarter, compared to the consensus estimate 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 revenue was up .0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.89 earnings per share.

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 FY 2023 earnings guidance on Wednesday, September, 6th. The company provided 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.

(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.

Core & Main trades on the New York Stock Exchange (NYSE) under the ticker symbol "CNM."

Core & Main's stock is owned by many different retail and institutional investors. Top institutional shareholders 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.
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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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One share of CNM stock can currently be purchased for approximately $28.40.

Core & Main (NYSE:CNM) has a market capitalization of $6.42 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.

The company employs 4,500 workers across the globe.

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.