Core & Main Inc [NYSE: CNM] jumped around 0.33 points on Thursday, while shares priced at $43.78 at the close of the session, up 0.76%.
Compared to the average trading volume of 2.74M shares, CNM reached a trading volume of 2274939 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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What do top market gurus 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 $50.77 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 1.85. 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.
Wells Fargo have made an estimate for Core & Main Inc shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on September 23, 2024. While these analysts kept the previous recommendation, Citigroup raised their target price from $63 to $64. The new note on the price target was released on April 05, 2024, representing the official price target for Core & Main Inc stock. Previously, the target price had yet another raise from $38 to $48, while Citigroup kept a Buy rating on CNM stock.
The Average True Range (ATR) for Core & Main Inc is set at 1.47, with the Price to Sales ratio for CNM stock in the period of the last 12 months amounting to 1.21. The Price to Book ratio for the last quarter was 5.13, with the Price to Cash per share for the same quarter was set at 0.07. Price to Free Cash Flow for CNM in the course of the last twelve months was 11.20 with Quick ratio for the last quarter at 1.34.
How has CNM stock performed recently?
Core & Main Inc [CNM] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.01. With this latest performance, CNM shares gained by 12.84% in over the last four-week period, additionally sinking by -23.43% over the last 6 months – not to mention a rise of 43.49% 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 48.99, with the RSI for the last a single of trading hit 52.44, and the three-weeks RSI is set at 46.98 for Core & Main Inc [CNM]. The present Moving Average for the last 50 days of trading for this stock 45.73, while it was recorded at 43.07 for the last single week of trading, and 49.33 for the last 200 days.
Core & Main Inc [CNM]: Deeper insight into the fundamentals
Core & Main Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.34 and a Current Ratio set at 2.29.
Earnings analysis for Core & Main Inc [CNM]
With the latest financial reports released by the company, Core & Main Inc posted 0.73/share EPS, while the average EPS was predicted by analysts to be reported at 0.69/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.04. 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 7.33%.
Insider trade positions for Core & Main Inc [CNM]
There are presently around $109.53%, or 109.90%% of CNM stock, in the hands of institutional investors. The top three institutional holders of CNM stocks are: BLACKROCK INC. with ownership of 22.02 million shares, which is approximately 11.4566%. VANGUARD GROUP INC, holding 18.1 million shares of the stock with an approximate value of $$885.58 million in CNM stocks shares; and VANGUARD GROUP INC, currently with $$754.99 million in CNM stock with ownership which is approximately 8.0267%.
