In a report released today, Jeffrey Stevenson from Loop Capital Markets maintained a Buy rating on Core & Main (CNM – Research Report), with a price target of $58.00. The company’s shares closed yesterday at $50.12.
Stevenson covers the Industrials sector, focusing on stocks such as AZEK Company, Bluelinx Holdings, and Builders Firstsource. According to TipRanks, Stevenson has an average return of 26.5% and a 78.00% success rate on recommended stocks.
Core & Main has an analyst consensus of Strong Buy, with a price target consensus of $51.29, a 2.33% upside from current levels. In a report released yesterday, RBC Capital also assigned a Buy rating to the stock with a $59.00 price target.
See Insiders’ Hot Stocks on TipRanks >>
CNM market cap is currently $10.09B and has a P/E ratio of 23.75.
Based on the recent corporate insider activity of 91 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CNM in relation to earlier this year. Most recently, in January 2024, CD&R Investment Associates X, Ltd., a Major Shareholder at CNM sold 22,907,815.00 shares for a total of $938,762,258.70.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Core & Main (CNM) Company Description:
Core & Main LP Core & Main 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.
Read More on CNM:
- Core & Main Boosts Liquidity with New Loan and Credit Extension
- Core & Main Announces Board Reshuffle and Leadership Changes
- Core & Main names Stephen LeClair as the new chairman, CD&R sells remainin stake
- Core & Main to acquire Dana Kepner Company, terms not disclosed
- Core & Main Subsidiary Amends Loan Agreement for Growth
