Cencora Inc. [COR] stock prices are up 1.27% to $247.57 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The COR shares have gain 8.76% over the last week, with a monthly amount glided 11.27%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Cencora Inc. [NYSE: COR] stock has seen the most recent analyst activity on February 26, 2024, when Leerink Partners initiated its Outperform rating and assigned the stock a price target of $261. Previously, Barclays started tracking the stock with Overweight rating on January 03, 2024, and set its price target to $242. On December 14, 2023, Wells Fargo initiated with a Equal Weight rating and assigned a price target of $213 on the stock. Citigroup started tracking the stock assigning a Buy rating and suggested a price target of $185 on March 31, 2023. BofA Securities upgraded its rating to Buy for this stock on October 11, 2022, and upped its price target to $169.
The stock price of Cencora Inc. [COR] has been fluctuating between $171.65 and $246.75 over the past year. Currently, Wall Street analysts expect the stock to reach $190.6 within the next 12 months. Cencora Inc. [NYSE: COR] shares were valued at $247.57 at the most recent close of the market. An investor can expect a potential drop of -23.01% based on the average COR price forecast.
Analyzing the COR fundamentals
The Cencora Inc. [NYSE:COR] reported sales of 283.83B for trailing twelve months, representing a surge of 10.90%. Gross Profit Margin for this corporation currently stands at 0.03% with Operating Profit Margin at 0.01%, Pretax Profit Margin comes in at 0.01%, and Net Profit Margin reading is 0.01%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 1.99 and Total Capital is 0.2. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 5.11.
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 239.65 points at the first support level, and at 231.72 for the second support level. However, for the 1st resistance point, the stock is sitting at 251.58, and for the 2nd resistance point, it is at 255.58.
Ratios To Look Out For
It’s worth pointing out that Cencora Inc. [NYSE:COR]’s Current Ratio is 0.89. Further, the Quick Ratio stands at 0.55, while the Cash Ratio is 0.06. Considering the valuation of this stock, the price to sales ratio is 0.17, the price to book ratio is 52.72 and price to earnings (TTM) ratio is 26.87.
Transactions by insiders
Recent insider trading involved Walgreens Boots Alliance Holdi, Affiliate, that happened on Aug 01 ’24 when 3.4 million shares were purchased. Chairman, President & CEO, COLLIS STEVEN H completed a deal on Jul 16 ’24 to sell 10755.0 shares. Meanwhile, Chairman, President & CEO COLLIS STEVEN H sold 10754.0 shares on Jun 18 ’24.
