Stephens set a $25.00 price objective on Core-Mark (NASDAQ:CORE) in a report issued on Wednesday, January 10th. The firm currently has a hold rating on the business services provider’s stock.
CORE has been the subject of a number of other research reports. Zacks Investment Research raised Core-Mark from a hold rating to a buy rating and set a $38.00 price objective for the company in a research note on Monday, October 30th. William Blair assumed coverage on Core-Mark in a research note on Wednesday, January 3rd. They issued an outperform rating for the company. Loop Capital set a $31.00 price objective on Core-Mark and gave the stock a buy rating in a research note on Monday, January 8th. They noted that the move was a valuation call. BidaskClub lowered Core-Mark from a hold rating to a sell rating in a research note on Friday, December 22nd. Finally, Jefferies Group reaffirmed a hold rating and issued a $32.00 price objective on shares of Core-Mark in a research note on Friday, November 10th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $30.50.
Shares of Core-Mark (NASDAQ CORE) traded down $1.09 on Wednesday, reaching $23.63. The company’s stock had a trading volume of 275,907 shares, compared to its average volume of 529,675. The stock has a market capitalization of $1,150.00, a PE ratio of 26.55, a price-to-earnings-growth ratio of 1.83 and a beta of 0.95. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.12 and a current ratio of 2.16. Core-Mark has a fifty-two week low of $23.33 and a fifty-two week high of $42.96.
Core-Mark (NASDAQ:CORE) last released its quarterly earnings data on Tuesday, November 7th. The business services provider reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.04). The business had revenue of $4.31 billion during the quarter, compared to the consensus estimate of $4.29 billion. Core-Mark had a return on equity of 9.90% and a net margin of 0.27%. equities research analysts forecast that Core-Mark will post 0.95 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, December 22nd. Investors of record on Tuesday, November 28th were paid a dividend of $0.10 per share. The ex-dividend date was Monday, November 27th. This is a positive change from Core-Mark’s previous quarterly dividend of $0.09. This represents a $0.40 dividend on an annualized basis and a yield of 1.69%. Core-Mark’s dividend payout ratio is presently 44.94%.
Institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC bought a new position in Core-Mark during the third quarter valued at approximately $117,000. Riverhead Capital Management LLC boosted its stake in Core-Mark by 81.7% during the second quarter. Riverhead Capital Management LLC now owns 3,997 shares of the business services provider’s stock valued at $132,000 after buying an additional 1,797 shares during the last quarter. Flinton Capital Management LLC boosted its stake in Core-Mark by 77.3% during the second quarter. Flinton Capital Management LLC now owns 4,368 shares of the business services provider’s stock valued at $144,000 after buying an additional 1,904 shares during the last quarter. Victory Capital Management Inc. boosted its stake in Core-Mark by 17.7% during the second quarter. Victory Capital Management Inc. now owns 4,484 shares of the business services provider’s stock valued at $148,000 after buying an additional 673 shares during the last quarter. Finally, Zions Bancorporation bought a new position in Core-Mark during the third quarter valued at approximately $161,000.
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Core-Mark Holding Company, Inc is a wholesale distributor to the convenience retail industry in North America. The Company provides sales, marketing, distribution and logistics services. As of December 31, 2016, the Company offered services to over 43,000 customer locations across the United States and Canada through 30 distribution centers.
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