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

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.
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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.
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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 47.2% and is now trading at $28.43.
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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.
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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) 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.

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 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.

(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 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.
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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 $28.43.

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.

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.