RBC Capital analyst Michael Dahl maintained a Buy rating on Core & Main (CNM – Research Report) on January 12 and set a price target of $47.00. The company’s shares closed last Friday at $41.00.
Dahl covers the Consumer Cyclical sector, focusing on stocks such as DR Horton, Lennar, and Mohawk. According to TipRanks, Dahl has an average return of 5.4% and a 56.73% success rate on recommended stocks.
Currently, the analyst consensus on Core & Main is a Moderate Buy with an average price target of $43.73, implying a 6.66% upside from current levels. In a report released on January 8, Citi also upgraded the stock to a Buy with a $48.00 price target.
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CNM market cap is currently $9.55B and has a P/E ratio of 19.43.
Based on the recent corporate insider activity of 78 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. Earlier this month, CD&R Investment Associates X, Ltd., a Major Shareholder at CNM sold 22,675,728.00 shares for a total of $864,398,751.36.
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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 signs agreement to acquire Eastern Supply
- Core & Main says secondary offering upsized to 17M from 15M shares
- Core & Main 15M share Spot Secondary priced at $38.45
- Core & Main 15M share Spot Secondary; price range $38.25-$39.00
- Core & Main files to sell 15M Class A common shares for holders
