Core-Mark Holding Company, Inc. (NASDAQ:CORE) has been assigned a consensus rating of “Hold” from the eleven research firms that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $29.00.
CORE has been the subject of a number of analyst reports. Loop Capital set a $31.00 price objective on Core-Mark and gave the company a “buy” rating in a research note on Monday, January 8th. They noted that the move was a valuation call. Raymond James Financial raised Core-Mark from an “outperform” rating to a “buy” rating and set a $31.00 price objective for the company in a research note on Friday, January 5th. 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. Stephens lowered Core-Mark from an “overweight” rating to an “equal weight” rating in a research note on Friday, January 5th. Finally, 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.
Large investors have recently added to or reduced their stakes in the company. MetLife Investment Advisors LLC purchased a new stake in Core-Mark in the fourth quarter worth $685,000. Millennium Management LLC purchased a new stake in Core-Mark in the fourth quarter worth $784,000. Teachers Advisors LLC lifted its stake in Core-Mark by 5.4% in the fourth quarter. Teachers Advisors LLC now owns 148,236 shares of the business services provider’s stock worth $4,681,000 after acquiring an additional 7,594 shares during the period. Goldman Sachs Group Inc. lifted its stake in Core-Mark by 64.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 140,184 shares of the business services provider’s stock worth $4,427,000 after acquiring an additional 54,927 shares during the period. Finally, Stone Ridge Asset Management LLC purchased a new stake in Core-Mark in the fourth quarter worth $813,000.
Shares of Core-Mark (NASDAQ:CORE) traded down $0.17 during midday trading on Wednesday, reaching $21.25. 263,600 shares of the company’s stock were exchanged, compared to its average volume of 376,206. Core-Mark has a twelve month low of $19.81 and a twelve month high of $38.37. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.16 and a quick ratio of 1.12. The company has a market capitalization of $981.57, a PE ratio of 23.61, a P/E/G ratio of 1.58 and a beta of 0.58.
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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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