Core-Mark (CORE) Stock Rating Upgraded by BidaskClub

Core-Mark (NASDAQ:CORE) was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a note issued to investors on Thursday.

A number of other analysts also recently issued reports on CORE. Loop Capital set a $32.00 price target on shares of Core-Mark and gave the stock a “buy” rating in a report on Thursday, July 5th. Zacks Investment Research downgraded shares of Core-Mark from a “hold” rating to a “sell” rating in a report on Tuesday, July 10th. ValuEngine upgraded shares of Core-Mark from a “strong sell” rating to a “sell” rating in a report on Friday, August 3rd. Stephens upgraded shares of Core-Mark from an “equal weight” rating to an “overweight” rating and set a $35.00 price target for the company in a report on Wednesday, August 8th. Finally, BMO Capital Markets restated a “hold” rating and set a $30.00 price target (up previously from $21.00) on shares of Core-Mark in a report on Wednesday, August 8th. Three investment analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $34.50.

CORE stock opened at $34.83 on Thursday. The stock has a market capitalization of $1.56 billion, a price-to-earnings ratio of 34.83, a price-to-earnings-growth ratio of 2.09 and a beta of 0.86. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.92 and a quick ratio of 1.14. Core-Mark has a 12 month low of $17.10 and a 12 month high of $38.16.

Core-Mark (NASDAQ:CORE) last released its quarterly earnings data on Tuesday, August 7th. The business services provider reported $0.35 EPS for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.05. The company had revenue of $4.23 billion during the quarter, compared to the consensus estimate of $4.14 billion. Core-Mark had a net margin of 0.21% and a return on equity of 9.56%. On average, sell-side analysts expect that Core-Mark will post 1.25 earnings per share for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Millennium Management LLC increased its holdings in Core-Mark by 650.3% in the 2nd quarter. Millennium Management LLC now owns 731,267 shares of the business services provider’s stock valued at $16,600,000 after purchasing an additional 633,806 shares during the last quarter. BlackRock Inc. increased its holdings in Core-Mark by 10.3% in the 2nd quarter. BlackRock Inc. now owns 6,504,225 shares of the business services provider’s stock valued at $147,646,000 after purchasing an additional 609,424 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Core-Mark by 18.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,579,930 shares of the business services provider’s stock valued at $58,565,000 after purchasing an additional 405,500 shares during the last quarter. Segall Bryant & Hamill LLC increased its holdings in Core-Mark by 236.8% in the 2nd quarter. Segall Bryant & Hamill LLC now owns 471,527 shares of the business services provider’s stock valued at $10,704,000 after purchasing an additional 331,530 shares during the last quarter. Finally, Royce & Associates LP increased its holdings in Core-Mark by 14.8% in the 2nd quarter. Royce & Associates LP now owns 2,486,953 shares of the business services provider’s stock valued at $56,454,000 after purchasing an additional 321,322 shares during the last quarter. Institutional investors and hedge funds own 95.32% of the company’s stock.

Core-Mark Company Profile

Core-Mark Holding Company, Inc markets fresh and broad-line supply solutions to the convenience retail industry. The company sells and distributes various food/non-food products, including cigarettes, fast food, candies, snacks, groceries, fresh products, dairy products, breads, beverages, other tobacco products, general merchandise and equipment, and health and beauty care products.

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Analyst Recommendations for Core-Mark (NASDAQ:CORE)

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