Cencora Inc. [NYSE: COR] traded at a low on Thursday, posting a -2.94 loss after which it closed the day’ session at $236.24.
The results of the trading session contributed to over 2468380 shares changing hands. Over the past one week, the price volatility of Cencora Inc. stands at 2.03% while the volatility over the past one month is 1.54%.
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The market cap for COR stock reached $46.55 billion, with 200.81 million shares outstanding and 176.63 million shares in the current float. Compared to the average trading volume of 1.39M shares, COR reached a trading volume of 2468380 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Cencora Inc. [COR]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for COR shares is $264.93 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on COR stock is a recommendation set at 1.86. 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.
Leerink Partners have made an estimate for Cencora Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on February 26, 2024. While these analysts kept the previous recommendation, Barclays raised their target price to Overweight. The new note on the price target was released on January 03, 2024, representing the official price target for Cencora Inc. stock. Previously, the target price had yet another raise to $213, while Wells Fargo analysts kept a Equal Weight rating on COR stock.
The Average True Range (ATR) for Cencora Inc. is set at 4.60, with the Price to Sales ratio for COR stock in the period of the last 12 months amounting to 0.16. The Price to Book ratio for the last quarter was 50.30, with the Price to Cash per share for the same quarter was set at 17.31. Price to Free Cash Flow for COR in the course of the last twelve months was 12.15 with Quick ratio for the last quarter at 0.55.
How has COR stock performed recently?
Cencora Inc. [COR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.09. With this latest performance, COR shares dropped by -1.49% in over the last four-week period, additionally plugging by 0.66% over the last 6 months – not to mention a rise of 36.66% 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 COR stock in for the last two-week period is set at 48.80, with the RSI for the last a single of trading hit 45.16, and the three-weeks RSI is set at 50.70 for Cencora Inc. [COR]. The present Moving Average for the last 50 days of trading for this stock 232.32, while it was recorded at 240.11 for the last single week of trading, and 226.94 for the last 200 days.
Cencora Inc. [COR]: Deeper insight into the fundamentals
Cencora Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.55 and a Current Ratio set at 0.89.
Earnings analysis for Cencora Inc. [COR]
With the latest financial reports released by the company, Cencora Inc. posted 2.86/share EPS, while the average EPS was predicted by analysts to be reported at 2.8/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.06. 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 COR. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Cencora Inc. go to 10.67%.
Insider trade positions for Cencora Inc. [COR]
There are presently around $89.93%, or 100.42%% of COR stock, in the hands of institutional investors.
