Providing a diverse range of perspectives from bullish to bearish, 10 analysts have published ratings on Core & Main CNM in the last three months.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 4 | 3 | 3 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 3 | 3 | 2 | 0 | 0 |
| 2M Ago | 0 | 0 | 0 | 0 | 0 |
| 3M Ago | 1 | 0 | 0 | 0 | 0 |
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $57.5, along with a high estimate of $65.00 and a low estimate of $38.00. Surpassing the previous average price target of $49.22, the current average has increased by 16.82%.
Breaking Down Analyst Ratings: A Detailed Examination
The standing of Core & Main among financial experts becomes clear 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 | Neutral | $64.00 | $63.00 |
| Joe Ritchie | Goldman Sachs | Raises | Neutral | $61.00 | $42.00 |
| Anthony Pettinari | Citigroup | Raises | Buy | $63.00 | $48.00 |
| Keith Hughes | Truist Securities | Maintains | Hold | $38.00 | - |
| Mike Dahl | RBC Capital | Raises | Outperform | $60.00 | $59.00 |
| Jeffrey Stevenson | Loop Capital | Raises | Buy | $64.00 | $58.00 |
| Matthew Bouley | Barclays | Raises | Overweight | $65.00 | $49.00 |
| Stephen Tusa | JP Morgan | Raises | Overweight | $54.00 | $38.00 |
| Jeffrey Stevenson | Loop Capital | Raises | Buy | $58.00 | $48.00 |
| Anthony Pettinari | Citigroup | Raises | Buy | $48.00 | $38.00 |
Key Insights:
- Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Core & Main. This insight gives a snapshot of analysts' perspectives on the current state of the company.
- Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Core & Main compared to the broader market.
- Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Core & Main's stock. This comparison reveals trends in analysts' expectations over time.
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Core & Main's market position. Stay informed and make data-driven decisions with the assistance of 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 specialty distributor focusing on water, wastewater, storm drainage, and fire protection products and services. Catering to municipalities, private water companies, and contractors, it serves municipal, non-residential, and residential markets nationwide. Its diverse product line includes pipes, valves, fittings, storm drainage products, fire protection products, and meter products. Revenue is primarily generated from pipes, valves, and fittings. The company operates across three construction sectors: municipal, non-residential, and residential, contributing to reliable infrastructure development nationwide.
Core & Main: Financial Performance Dissected
Market Capitalization: Boasting an elevated market capitalization, the company surpasses industry averages. This signals substantial size and strong market recognition.
Revenue Growth: Core & Main's revenue growth over a period of 3 months has been noteworthy. As of 31 January, 2024, the company achieved a revenue growth rate of approximately 4.8%. This indicates a substantial increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Industrials sector.
Net Margin: Core & Main's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of 4.38%, the company may encounter challenges in effective cost control.
Return on Equity (ROE): Core & Main's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of 3.91%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of 1.24%, the company may need to address challenges in generating satisfactory returns from its assets.
Debt Management: Core & Main's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 1.43.
How Are Analyst Ratings Determined?
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
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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