During the last three months, 7 analysts shared their evaluations of Core & Main CNM, revealing diverse outlooks from bullish to bearish.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 1 | 3 | 3 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 1 | 0 | 0 |
| 2M Ago | 0 | 2 | 2 | 0 | 0 |
| 3M Ago | 0 | 1 | 0 | 0 | 0 |
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $41.86, a high estimate of $49.00, and a low estimate of $38.00. Witnessing a positive shift, the current average has risen by 18.48% from the previous average price target of $35.33.
Understanding Analyst Ratings: A Comprehensive Breakdown
A clear picture of Core & Main's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Anthony Pettinari | Citigroup | Raises | Buy | $48.00 | $38.00 |
| Joe Ritchie | Goldman Sachs | Raises | Neutral | $42.00 | $38.00 |
| Keith Hughes | Truist Securities | Raises | Hold | $38.00 | $30.00 |
| Matthew Bouley | Barclays | Raises | Overweight | $49.00 | $38.00 |
| Joe Ritchie | Goldman Sachs | Raises | Neutral | $38.00 | $34.00 |
| Mike Dahl | RBC Capital | Raises | Outperform | $38.00 | $34.00 |
| Nigel Coe | Wolfe Research | Announces | Outperform | $40.00 | - |
Key Insights:
- Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Core & Main. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Core & Main compared to the broader market.
- Price Targets: Gaining insights, analysts provide estimates for the future value of Core & Main's stock. This comparison reveals trends in analysts' expectations over time.
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Core & Main's market standing. Stay informed and make well-considered decisions with our Ratings Table.
Stay up to date on Core & Main analyst ratings.
All You Need to Know About Core & Main
Core & Main Inc is a distributor of water, sewer, storm drain, and fire protection products in the United States. It combines local expertise with a national supply chain to provide contractors and municipalities solutions for new construction and aging infrastructure.
A Deep Dive into Core & Main's Financials
Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.
Revenue Growth: Core & Main's remarkable performance in 3 months is evident. As of 31 October, 2023, the company achieved an impressive revenue growth rate of 0.5%. This signifies a substantial increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Industrials sector.
Net Margin: The company's net margin is below industry benchmarks, signaling potential difficulties in achieving strong profitability. With a net margin of 6.13%, the company may need to address challenges in effective cost control.
Return on Equity (ROE): Core & Main's ROE excels beyond industry benchmarks, reaching 6.47%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): Core & Main's ROA excels beyond industry benchmarks, reaching 2.22%. This signifies efficient management of assets and strong financial health.
Debt Management: Core & Main's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.92.
Understanding the Relevance of Analyst Ratings
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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