Several other equities analysts have also recently issued reports on CORE. Zacks Investment Research cut Core-Mark from a strong-buy rating to a hold rating in a report on Monday, November 4th. ValuEngine raised Core-Mark from a sell rating to a hold rating in a report on Monday, October 7th. Finally, BMO Capital Markets reduced their price objective on Core-Mark to $34.00 and set a market perform rating for the company in a report on Tuesday, October 1st. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. The company currently has an average rating of Hold and an average target price of $35.00.
NASDAQ:CORE traded up $1.43 during mid-day trading on Tuesday, reaching $28.42. 413,800 shares of the stock were exchanged, compared to its average volume of 296,220. The company has a 50 day simple moving average of $29.76 and a 200-day simple moving average of $34.78. The stock has a market capitalization of $1.50 billion, a P/E ratio of 20.45, a P/E/G ratio of 2.53 and a beta of 0.82. Core-Mark has a 1 year low of $22.53 and a 1 year high of $40.95. The company has a quick ratio of 1.00, a current ratio of 1.78 and a debt-to-equity ratio of 0.93.
Core-Mark (NASDAQ:CORE) last issued its quarterly earnings data on Thursday, November 7th. The business services provider reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.04. The firm had revenue of $4.42 billion during the quarter, compared to analysts’ expectations of $4.45 billion. Core-Mark had a return on equity of 13.11% and a net margin of 0.33%. Core-Mark’s revenue was up 3.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.63 earnings per share. As a group, research analysts predict that Core-Mark will post 1.61 EPS for the current year.
Institutional investors have recently added to or reduced their stakes in the business. Dupont Capital Management Corp purchased a new position in Core-Mark during the second quarter worth $379,000. Balyasny Asset Management LLC purchased a new position in Core-Mark during the second quarter worth $1,142,000. Copeland Capital Management LLC increased its position in Core-Mark by 20.4% during the second quarter. Copeland Capital Management LLC now owns 779,785 shares of the business services provider’s stock worth $30,974,000 after buying an additional 131,978 shares in the last quarter. Bessemer Group Inc. increased its position in Core-Mark by 170.0% during the second quarter. Bessemer Group Inc. now owns 72,100 shares of the business services provider’s stock worth $2,864,000 after buying an additional 45,400 shares in the last quarter. Finally, GAM Holding AG increased its position in Core-Mark by 3.3% during the second quarter. GAM Holding AG now owns 11,439 shares of the business services provider’s stock worth $454,000 after buying an additional 369 shares in the last quarter. 93.25% of the stock is owned by institutional investors.
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 food products, including fast food, candies, snacks, and groceries, as well as beverages and fresh products, such as sandwiches, juices, salads, produce, dairy, and bread; and non-food products comprising cigars, tobacco, alternative nicotine products, health and beauty care products, and general merchandise and equipment.
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