7 analysts have shared their evaluations of Core & Main CNM during the recent three months, expressing a mix of bullish and bearish perspectives.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 3 | 3 | 1 | 0 | 0 |
| Last 30D | 1 | 2 | 1 | 0 | 0 |
| 1M Ago | 1 | 1 | 0 | 0 | 0 |
| 2M Ago | 0 | 0 | 0 | 0 | 0 |
| 3M Ago | 1 | 0 | 0 | 0 | 0 |
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $55.29, with a high estimate of $65.00 and a low estimate of $38.00. Observing a 14.4% increase, the current average has risen from the previous average price target of $48.33.
Exploring Analyst Ratings: An In-Depth Overview
An in-depth analysis of recent analyst actions unveils how financial experts perceive Core & Main. The following summary 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 |
|---|---|---|---|---|---|
| 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: 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: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Core & Main compared to the broader market.
- Price Targets: Analysts predict movements in price targets, offering estimates for Core & Main's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Core & Main's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
Stay up to date on Core & Main analyst ratings.
Get to Know Core & Main Better
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.
Core & Main's Economic Impact: An Analysis
Market Capitalization Analysis: With a profound presence, the company's market capitalization is above industry averages. This reflects substantial size and strong market recognition.
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: Core & Main's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of 6.13%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Core & Main's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of 6.47%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): Core & Main's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 2.22% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: Core & Main's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.92.
The Core of Analyst Ratings: What Every Investor Should Know
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.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
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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