Core & Main Inc [NYSE: CNM] closed the trading session at $50.28. The company report on March 11, 2024 at 4:15 PM that Core & Main Signs Agreement to Acquire ACF West Inc.
Core & Main Inc. (NYSE: CNM), a leader in advancing reliable infrastructure with local service, nationwide, has entered into a definitive agreement to acquire NW Geosynthetics Inc., doing business as ACF West Inc. ACF West is a leading distributor of geosynthetic materials and provider of soil stabilization solutions with six locations in the western United States.
“We are excited to grow our geosynthetics footprint across the western United States through the addition of ACF West. Together with their talented team, we will extend our distribution reach and enhance our geosynthetic product and service offerings throughout the region,” said Steve LeClair, chief executive officer of Core & Main. “Additionally, their expertise in engineered solutions will enable us to provide our customers with access to a wider range of capabilities.”.
The stocks have a year to date performance of 24.42 percent and weekly performance of 0.32 percent. The stock has been moved at 71.20 percent over the last six months. The stock has performed 15.45 percent around the most recent 30 days and changed 30.60 percent over the most recent 3-months.
If compared to the average trading volume of 2.98M shares, CNM reached to a volume of 3736276 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Core & Main Inc [CNM]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CNM shares is $49.31 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CNM stock is a recommendation set at 1.75. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Citigroup have made an estimate for Core & Main Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on January 08, 2024. The new note on the price target was released on October 12, 2023, representing the official price target for Core & Main Inc stock. Previously, the target price had yet another raise to $40, while Northcoast analysts kept a Buy rating on CNM stock.
The Average True Range (ATR) for Core & Main Inc is set at 1.07, with the Price to Sales ratio for CNM stock in the period of the last 12 months amounting to 1.45. The Price to Book ratio for the last quarter was 4.93, with the Price to Cash per share for the same quarter was set at 0.53. Price to Free Cash Flow for CNM in the course of the last twelve months was 9.24 with Quick ratio for the last quarter at 1.46.
CNM stock trade performance evaluation
Core & Main Inc [CNM] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.32. With this latest performance, CNM shares gained by 15.45% in over the last four-week period, additionally plugging by 71.20% over the last 6 months – not to mention a rise of 130.96% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CNM stock in for the last two-week period is set at 70.77, with the RSI for the last a single of trading hit 70.01, and the three-weeks RSI is set at 70.84 for Core & Main Inc [CNM]. The present Moving Average for the last 50 days of trading for this stock 43.95, while it was recorded at 49.45 for the last single week of trading, and 34.86 for the last 200 days.
Core & Main Inc [CNM]: An insightful look at the core fundamentals
Core & Main Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.46 and a Current Ratio set at 2.36.
Earnings per share (EPS) analysis for Core & Main Inc [CNM] stock
With the latest financial reports released by the company, Core & Main Inc posted 0.35/share EPS, while the average EPS was predicted by analysts to be reported at 0.32/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 9.40%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CNM. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Core & Main Inc go to 11.53%.
Core & Main Inc [CNM]: Institutional Ownership
The top three institutional holders of CNM stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in CNM stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in CNM stock with ownership which is approximately 5.8325%.
