Stephens set a $25.00 target price on Core-Mark (NASDAQ:CORE) in a report published on Wednesday, January 10th. The firm currently has a hold rating on the business services provider’s stock.
A number of other analysts also recently weighed in on the company. Zacks Investment Research upgraded Core-Mark from a strong sell rating to a hold rating in a research report on Tuesday, October 10th. Jefferies Group restated a hold rating and issued a $32.00 target price on shares of Core-Mark in a research report on Friday, November 10th. William Blair started coverage on Core-Mark in a research report on Wednesday, January 3rd. They issued an outperform rating for the company. UBS Group upgraded Core-Mark from an outperform rating to a strong-buy rating in a research report on Friday, January 5th. Finally, BidaskClub downgraded Core-Mark from a hold rating to a sell rating in a research report on Friday, December 22nd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $30.50.
Core-Mark (NASDAQ:CORE) traded down $0.85 during trading hours on Wednesday, reaching $20.92. The company had a trading volume of 360,892 shares, compared to its average volume of 394,930. The company has a market cap of $1,005.59, a P/E ratio of 23.24, a price-to-earnings-growth ratio of 1.62 and a beta of 0.58. Core-Mark has a one year low of $20.56 and a one year high of $38.37. The company has a quick ratio of 1.12, a current ratio of 2.16 and a debt-to-equity ratio of 0.93.
Core-Mark (NASDAQ:CORE) last released its earnings results on Tuesday, November 7th. The business services provider reported $0.37 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.04). The firm 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%. research analysts anticipate that Core-Mark will post 0.97 EPS for the current fiscal year.
A number of hedge funds have recently made changes to their positions in CORE. SG Americas Securities LLC bought a new stake in Core-Mark in the third quarter valued at approximately $117,000. Riverhead Capital Management LLC increased its stake 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 valued at $132,000 after buying an additional 1,797 shares during the period. Flinton Capital Management LLC increased its stake 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 valued at $144,000 after buying an additional 1,904 shares during the period. Victory Capital Management Inc. increased its stake 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 valued at $148,000 after buying an additional 673 shares during the period. Finally, Zions Bancorporation purchased a new position in shares of Core-Mark during the third quarter valued at approximately $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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