Core-Mark (NASDAQ:CORE) was downgraded by stock analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research note issued on Thursday.
CORE has been the topic of a number of other reports. Loop Capital set a $41.00 target price on Core-Mark and gave the stock a “buy” rating in a research note on Wednesday, September 26th. Zacks Investment Research raised Core-Mark from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a research note on Friday, September 28th. ValuEngine raised Core-Mark from a “hold” rating to a “buy” rating in a research note on Tuesday, October 9th. Sidoti cut Core-Mark from a “buy” rating to a “neutral” rating in a research note on Tuesday, September 11th. Finally, Raymond James cut Core-Mark from a “strong-buy” rating to an “outperform” rating and increased their target price for the stock from $33.00 to $40.00 in a research note on Friday, September 7th. Four analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $33.67.
Shares of CORE stock opened at $29.00 on Thursday. The firm has a market capitalization of $1.36 billion, a P/E ratio of 29.00, a PEG ratio of 1.68 and a beta of 0.57. Core-Mark has a twelve month low of $17.10 and a twelve month high of $40.12. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.14 and a current ratio of 1.99.
Core-Mark (NASDAQ:CORE) last released its earnings results on Tuesday, November 6th. The business services provider reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.17. Core-Mark had a return on equity of 11.58% and a net margin of 0.27%. The firm had revenue of $4.27 billion for the quarter, compared to analysts’ expectations of $4.46 billion. During the same period in the prior year, the firm posted $0.37 earnings per share. The company’s quarterly revenue was down .9% on a year-over-year basis. As a group, equities analysts anticipate that Core-Mark will post 1.36 earnings per share for the current fiscal year.
In other news, VP Christopher Hobson sold 5,812 shares of the company’s stock in a transaction on Thursday, November 8th. The stock was sold at an average price of $30.73, for a total transaction of $178,602.76. Following the transaction, the vice president now directly owns 55,355 shares of the company’s stock, valued at $1,701,059.15. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 2.00% of the company’s stock.
Large investors have recently made changes to their positions in the company. Principal Financial Group Inc. lifted its holdings in shares of Core-Mark by 2.3% during the first quarter. Principal Financial Group Inc. now owns 353,718 shares of the business services provider’s stock valued at $7,520,000 after purchasing an additional 8,066 shares in the last quarter. Cubist Systematic Strategies LLC lifted its holdings in shares of Core-Mark by 136.8% during the second quarter. Cubist Systematic Strategies LLC now owns 27,696 shares of the business services provider’s stock valued at $629,000 after purchasing an additional 16,002 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of Core-Mark during the second quarter valued at $222,000. Rhumbline Advisers lifted its holdings in shares of Core-Mark by 4.8% during the second quarter. Rhumbline Advisers now owns 111,619 shares of the business services provider’s stock valued at $2,534,000 after purchasing an additional 5,114 shares in the last quarter. Finally, Millennium Management LLC lifted its holdings in shares of Core-Mark by 292.5% during the first quarter. Millennium Management LLC now owns 97,461 shares of the business services provider’s stock valued at $2,072,000 after purchasing an additional 72,629 shares in the last quarter. 93.91% of the stock is currently owned by hedge funds and other institutional investors.
Core-Mark Company Profile
Core-Mark Holding Company, Inc markets fresh and broad-line supply solutions to the convenience retail industry. The company sells and distributes various food/non-food products, including cigarettes, fast food, candies, snacks, groceries, fresh products, dairy products, breads, beverages, other tobacco products, general merchandise and equipment, and health and beauty care products.
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