Core & Main Inc [CNM] stock prices are up 2.85% to $49.73 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The CNM shares have gain 1.61% over the last week, with a monthly amount glided 0.28%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Core & Main Inc [NYSE: CNM] stock has seen the most recent analyst activity on April 05, 2024, when Citigroup downgraded its rating to a Neutral and also boosted its price target to $64 from $63. Previously, Citigroup upgraded its rating to Buy on January 08, 2024, and elevated its price target to $48. On October 12, 2023, upgrade upgraded it’s rating to Outperform but maintained its price target of $40 on the stock. Northcoast started tracking the stock assigning a Buy rating and suggested a price target of $40 on June 13, 2023. Loop Capital initiated its recommendation with a Buy and recommended $28 as its price target on February 14, 2023. Deutsche Bank started tracking with a Buy rating for this stock on August 18, 2022, and assigned it a price target of $40. In a note dated March 31, 2022, Barclays upgraded an Overweight rating on this stock and boosted its target price from $32 to $34.
The stock price of Core & Main Inc [CNM] has been fluctuating between $27.75 and $62.15 over the past year. Currently, Wall Street analysts expect the stock to reach $53.75 within the next 12 months. Core & Main Inc [NYSE: CNM] shares were valued at $49.73 at the most recent close of the market. An investor can expect a potential return of 8.08% based on the average CNM price forecast.
Analyzing the CNM fundamentals
The Core & Main Inc [NYSE:CNM] reported sales of 6.87B for trailing twelve months, representing a surge of 10.61%. Gross Profit Margin for this corporation currently stands at 0.26% with Operating Profit Margin at 0.11%, Pretax Profit Margin comes in at 0.09%, and Net Profit Margin reading is 0.06%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.23 and Total Capital is 0.15. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.58.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 48.84 points at the first support level, and at 47.94 for the second support level. However, for the 1st resistance point, the stock is sitting at 50.21, and for the 2nd resistance point, it is at 50.68.
Ratios To Look Out For
It’s worth pointing out that Core & Main Inc [NYSE:CNM]’s Current Ratio is 2.14. Also, the Quick Ratio is 1.23, while the Cash Ratio stands at 0.03. Considering the valuation of this stock, the price to sales ratio is 1.40, the price to book ratio is 6.10 and price to earnings (TTM) ratio is 23.34.
Transactions by insiders
Recent insider trading involved Witkowski Mark R, Chief Financial Officer, that happened on May 08 ’24 when 50000.0 shares were sold. Chief Accounting Officer, Stephens John Weldon completed a deal on Apr 23 ’24 to sell 9497.0 shares. Meanwhile, General Counsel and Secretary Whittenburg Mark G sold 50000.0 shares on Apr 19 ’24.
