Core-Mark (NASDAQ:CORE) received a $31.00 price target from Loop Capital in a research report issued on Monday, January 8th. The brokerage currently has a “buy” rating on the business services provider’s stock. Loop Capital’s price objective would suggest a potential upside of 42.40% from the stock’s previous close. The analysts noted that the move was a valuation call.
Other equities research analysts have also issued reports about the company. Jefferies Group reissued a “hold” rating and set a $32.00 price objective on shares of Core-Mark in a research note on Friday, November 10th. Stephens lowered Core-Mark from an “overweight” rating to an “equal weight” rating in a research note on Friday, January 5th. William Blair started coverage on Core-Mark in a report on Wednesday, January 3rd. They issued an “outperform” rating for the company. Raymond James Financial upgraded Core-Mark from an “outperform” rating to a “buy” rating and set a $31.00 target price for the company in a report on Friday, January 5th. Finally, Zacks Investment Research upgraded Core-Mark from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 2nd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $30.50.
Shares of Core-Mark (NASDAQ CORE) opened at $21.77 on Monday. The firm has a market capitalization of $1,010.00, a price-to-earnings ratio of 24.46, a PEG ratio of 1.64 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 one year low of $21.72 and a one year high of $38.37.
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 the consensus estimate of $0.41 by ($0.04). The company had revenue of $4.31 billion for 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%. research analysts anticipate that Core-Mark will post 0.97 earnings per share for the current year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new stake in shares of Core-Mark in the third quarter valued at $117,000. Riverhead Capital Management LLC raised its holdings in shares of 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 worth $132,000 after acquiring an additional 1,797 shares in the last quarter. Flinton Capital Management LLC raised its holdings in shares of 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 worth $144,000 after acquiring an additional 1,904 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of 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 worth $148,000 after acquiring an additional 673 shares in the last quarter. Finally, Zions Bancorporation purchased a new stake in shares of Core-Mark during the third quarter worth $161,000.
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Core-Mark Company Profile
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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