Core & Main Inc [CNM] stock is trading at $53.95, up 4.25%. An important factor to consider is whether the stock is rising or falling in short-term value. The CNM shares have gain 5.08% over the last week, with a monthly amount glided 1.16%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Core & Main Inc [NYSE: CNM] stock has seen the most recent analyst activity on September 23, 2024, when Wells Fargo initiated its Overweight rating and assigned the stock a price target of $52. Previously, Citigroup downgraded its rating to Neutral on April 05, 2024, and elevated its price target to $64. On January 08, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $48 on the stock. Wolfe Research upgraded its rating to a Outperform but stick to its price target of $40 on October 12, 2023. Northcoast initiated its recommendation with a Buy and recommended $40 as its price target on June 13, 2023. Loop Capital started tracking with a Buy rating for this stock on February 14, 2023, and assigned it a price target of $28. In a note dated August 18, 2022, Deutsche Bank initiated an Buy rating and provided a target price of $40 on this stock.
Core & Main Inc [CNM] stock has fluctuated between $37.22 and $62.15 over the past year. Currently, Wall Street analysts expect the stock to reach $51 within the next 12 months. Core & Main Inc [NYSE: CNM] shares were valued at $53.95 at the most recent close of the market. An investor can expect a potential drop of -5.47% based on the average CNM price forecast.
Analyzing the CNM fundamentals
Core & Main Inc [NYSE:CNM] reported sales of 7.18B for the trailing twelve months, which represents a growth of 11.55%. Gross Profit Margin for this corporation currently stands at 0.26% with Operating Profit Margin at 0.1%, Pretax Profit Margin comes in at 0.08%, and Net Profit Margin reading is 0.06%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.26 and Total Capital is 0.14. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.57.
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 52.65 points at the first support level, and at 51.36 for the second support level. However, for the 1st resistance point, the stock is sitting at 54.81, and for the 2nd resistance point, it is at 55.68.
Ratios To Look Out For
For context, Core & Main Inc’s Current Ratio is 2.14. On the other hand, the Quick Ratio is 1.28, and the Cash Ratio is 0.01. Considering the valuation of this stock, the price to sales ratio is 1.49, the price to book ratio is 6.14 and price to earnings (TTM) ratio is 25.41.
Transactions by insiders
Recent insider trading involved Whittenburg Mark G, General Counsel and Secretary, that happened on Jan 10 ’25 when 50000.0 shares were sold. Executive Vice President, Schaller John R completed a deal on Jan 10 ’25 to sell 60452.0 shares. Meanwhile, President Cowles Bradford A sold 12500.0 shares on Jan 14 ’25.
