Citigroup Cuts Core & Main (NYSE:CNM) Price Target to $53.00

Posted by on Jun 11th, 2026

Core & Main (NYSE:CNM – Get Free Report) had its price objective cut by analysts at Citigroup from $54.00 to $53.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Citigroup’s price target points to a potential upside of 7.59% from the stock’s current price.

A number of other brokerages have also issued reports on CNM. Barclays reduced their price target on Core & Main from $63.00 to $62.00 and set an “overweight” rating for the company in a research report on Wednesday, March 25th. Deutsche Bank Aktiengesellschaft reduced their price target on Core & Main from $65.00 to $62.00 and set a “buy” rating for the company in a research report on Wednesday, March 25th. Seven equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $61.00.

Read Our Latest Stock Report on CNM

Core & Main Stock Performance

Shares of NYSE CNM traded down $0.18 during trading on Thursday, reaching $49.26. The stock had a trading volume of 449,426 shares, compared to its average volume of 2,333,538. Core & Main has a one year low of $43.96 and a one year high of $67.18. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.51 and a current ratio of 2.63. The stock has a market cap of $9.59 billion, a PE ratio of 21.30, a P/E/G ratio of 1.89 and a beta of 0.91. The firm’s 50 day moving average price is $49.84 and its two-hundred day moving average price is $52.08.

Core & Main (NYSE:CNM – Get Free Report) last released its quarterly earnings data on Wednesday, June 10th. The company reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.19. Core & Main had a return on equity of 25.45% and a net margin of 5.77%.The business had revenue of $1.91 billion during the quarter, compared to analyst estimates of $1.89 billion. During the same quarter in the previous year, the firm posted $0.52 EPS. The business’s revenue for the quarter was down .1% compared to the same quarter last year. On average, research analysts forecast that Core & Main will post 3.06 earnings per share for the current fiscal year.

Insider Buying and Selling at Core & Main

In other news, CFO Robyn L. Bradbury sold 5,000 shares of the business’s stock in a transaction on Friday, April 17th. The stock was sold at an average price of $52.54, for a total transaction of $262,700.00. Following the sale, the chief financial officer directly owned 12,500 shares of the company’s stock, valued at $656,750. The trade was a 28.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director James D. Hope purchased 1,972 shares of the company’s stock in a transaction that occurred on Tuesday, April 7th. The shares were acquired at an average cost of $50.70 per share, for a total transaction of $99,980.40. Following the completion of the transaction, the director directly owned 6,939 shares of the company’s stock, valued at $351,807.30. This trade represents a 39.70% increase in their position. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 1.51% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Cubist Systematic Strategies LLC lifted its position in shares of Core & Main by 262.0% in the 1st quarter. Cubist Systematic Strategies LLC now owns 724 shares of the company’s stock worth $35,000 after acquiring an additional 524 shares during the period. AQR Capital Management LLC bought a new stake in shares of Core & Main in the 1st quarter worth approximately $396,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Core & Main by 36.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,576 shares of the company’s stock worth $1,719,000 after acquiring an additional 9,534 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of Core & Main by 23.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 291,988 shares of the company’s stock worth $14,106,000 after acquiring an additional 54,854 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Core & Main by 145.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 454 shares of the company’s stock worth $27,000 after acquiring an additional 269 shares during the period. Hedge funds and other institutional investors own 94.19% of the company’s stock.

Key Core & Main News

Here are the key news stories impacting Core & Main this week:

Core & Main Company Profile

(Get Free Report)

Core & Main, Inc (NYSE:CNM) is a leading distributor of water, sewer, storm drainage and fire protection products across North America. The company’s product portfolio includes valves, hydrants, pipe and fittings, meters, couplings and other essential components that support municipal, industrial and environmental infrastructure projects. By combining a comprehensive inventory with logistics and technical support, Core & Main helps customers address complex water system and distribution challenges.

With more than 300 branch locations and over 3,500 employees, Core & Main serves a diverse customer base that includes municipalities, contractors, engineers and utility providers.

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Analyst Recommendations for Core & Main (NYSE:CNM)

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