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 $48.00. The company’s shares closed last Friday at $40.41.
According to TipRanks, Stevenson is a 4-star analyst with an average return of 15.6% and a 78.95% success rate. Stevenson covers the Industrials sector, focusing on stocks such as Core & Main, AZEK Company, and Bluelinx Holdings.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Core & Main with a $41.36 average price target.
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Based on Core & Main’s latest earnings release for the quarter ending October 31, the company reported a quarterly revenue of $1.83 billion and a net profit of $112 million. In comparison, last year the company earned a revenue of $1.82 billion and had a net profit of $111 million
Based on the recent corporate insider activity of 74 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. Last month, CD&R Investment Associates X, Ltd., a Major Shareholder at CNM sold 20,375,728.00 shares for a total of $724,153,373.12.
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.
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- Core & Main 15M share Spot Secondary priced at $35.80
