At the time of writing, Cencora Inc. [COR] stock is trading at $236.54, down -0.37%. An important factor to consider is whether the stock is rising or falling in short-term value. The COR shares have gain 5.22% over the last week, with a monthly amount glided 3.70%, 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 September 18, 2024, when BofA Securities downgraded its rating to a Neutral and also revised its price target to $245 from $275. Previously, Leerink Partners started tracking the stock with Outperform rating on February 26, 2024, and set its price target to $261. On January 03, 2024, Barclays initiated with a Overweight rating and assigned a price target of $242 on the stock. Wells Fargo started tracking the stock assigning a Equal Weight rating and suggested a price target of $213 on December 14, 2023. Citigroup initiated its recommendation with a Buy and recommended $185 as its price target on March 31, 2023. In a note dated October 11, 2022, BofA Securities upgraded an Buy rating on this stock and boosted its target price from $160 to $169.
For the past year, the stock price of Cencora Inc. fluctuated between $182.75 and $247.66. Currently, Wall Street analysts expect the stock to reach $202.58 within the next 12 months. Cencora Inc. [NYSE: COR] shares were valued at $236.54 at the most recent close of the market. An investor can expect a potential drop of -14.36% based on the average COR price forecast.
Analyzing the COR fundamentals
According to Cencora Inc. [NYSE:COR], the company’s sales were 283.83B for trailing twelve months, which represents an 10.90% jump. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of5.11.
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 235.33 points at the first support level, and at 234.12 for the second support level. However, for the 1st resistance point, the stock is sitting at 238.43, and for the 2nd resistance point, it is at 240.32.
Ratios To Look Out For
It is important to note that Cencora Inc. [NYSE:COR] has a current ratio of 0.89. On the other hand, the Quick Ratio is 0.55, and the Cash Ratio is 0.06. Considering the valuation of this stock, the price to sales ratio is 0.16, the price to book ratio is 50.37 and price to earnings (TTM) ratio is 25.68.
Transactions by insiders
Recent insider trading involved COLLIS STEVEN H, Chairman, President & CEO, that happened on Sep 17 ’24 when 21509.0 shares were sold. Other: Board, Lon Greenberg completed a deal on Sep 17 ’24 to buy 4000.0 shares. Meanwhile, Officer COLLIS STEVEN H bought 21509.0 shares on Sep 17 ’24.
