Robert W. Baird Issues Pessimistic Forecast for Core & Main (NYSE:CNM) Stock Price

Posted by Stanley Muller on Nov 11th, 2026

Core & Main (NYSE:CNM – Get Free Report) had its target price reduced by analysts at Robert W. Baird from $57.00 to $54.00 in a report released on Wednesday, Benzinga reports. The firm currently has an “outperform” rating on the stock. Robert W. Baird‘s price objective would indicate a potential upside of 13.98% from the company’s current price.

Other analysts have also issued reports about the stock. Royal Bank Of Canada reduced their price target on shares of Core & Main from $60.00 to $57.00 and set an “outperform” rating for the company in a research note on Wednesday, October 7th. Jefferies Financial Group assumed coverage on shares of Core & Main in a research report on Wednesday, November 4th. They set a “buy” rating and a $53.00 price objective on the stock. Wolfe Research assumed coverage on shares of Core & Main in a report on Tuesday, September 15th. They issued an “outperform” rating and a $63.00 target price on the stock. Citigroup dropped their target price on shares of Core & Main from $53.00 to $46.00 and set a “neutral” rating on the stock in a report on Friday, September 11th. Finally, Wells Fargo & Company cut their target price on shares of Core & Main from $65.00 to $48.00 and set an “overweight” rating for the company in a research report on Thursday, September 10th. Eight investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, Core & Main presently has a consensus rating of “Moderate Buy” and an average target price of $54.00.

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Core & Main Trading Down 1.1%

Core & Main stock opened at $47.38 on Wednesday. Core & Main has a one year low of $39.42 and a one year high of $59.66. The business’s fifty day moving average is $42.68 and its 200 day moving average is $47.62. The stock has a market capitalization of $9.02 billion, a PE ratio of 19.50, a price-to-earnings-growth ratio of 2.00 and a beta of 0.91. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.47 and a quick ratio of 1.51.

Core & Main (NYSE:CNM – Get Free Report) last issued its earnings results on Wednesday, September 9th. The company reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.03. The business had revenue of $2.15 billion during the quarter, compared to analyst estimates of $2.14 billion. Core & Main had a return on equity of 25.98% and a net margin of 5.96%. Core & Main’s revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.87 EPS. On average, sell-side analysts predict that Core & Main will post 3.00 EPS for the current year.

Institutional Investors Weigh In On Core & Main

A number of hedge funds have recently made changes to their positions in CNM. First Trust Advisors LP boosted its stake in Core & Main by 15.3% during the first quarter. First Trust Advisors LP now owns 6,130,840 shares of the company’s stock valued at $302,863,000 after buying an additional 812,770 shares during the last quarter. Impax Asset Management Group plc increased its stake in Core & Main by 14.9% in the 3rd quarter. Impax Asset Management Group plc now owns 4,829,730 shares of the company’s stock worth $200,337,000 after acquiring an additional 626,112 shares during the last quarter. KBC Group NV raised its holdings in shares of Core & Main by 4.5% during the 1st quarter. KBC Group NV now owns 2,737,992 shares of the company’s stock worth $135,257,000 after acquiring an additional 119,076 shares in the last quarter. Bessemer Group Inc. raised its holdings in shares of Core & Main by 2.8% during the 1st quarter. Bessemer Group Inc. now owns 2,663,161 shares of the company’s stock worth $131,561,000 after acquiring an additional 72,712 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Core & Main by 6.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,661,022 shares of the company’s stock worth $131,425,000 after acquiring an additional 152,077 shares in the last quarter. 94.19% of the stock is currently owned by hedge funds and other institutional investors.

Core & Main Company Profile

(Get Free Report)

Core & Main, Inc. is a distributor of products and services used in water, wastewater, storm drainage, and fire protection infrastructure. Its customers include municipalities, water utilities, contractors, and other commercial and industrial organizations. The company offers products such as pipe, valves, fittings, hydrants, meters, and related supplies. It also provides services supporting infrastructure projects, including product fabrication and technical assistance. Based in St. Louis, Missouri, Core & Main serves customers across the United States through a network of branches.