In a report released yesterday, Matthew Bouley from Barclays maintained a Buy rating on Core & Main (CNM – Research Report), with a price target of $49.00. The company’s shares closed yesterday at $46.26.
Bouley covers the Industrials sector, focusing on stocks such as AZEK Company, Core & Main, and Fortune Brands Innovations. According to TipRanks, Bouley has an average return of 21.9% and a 65.91% success rate on recommended stocks.
Core & Main has an analyst consensus of Moderate Buy, with a price target consensus of $45.00, implying a -2.72% downside from current levels. In a report released on February 9, Wolfe Research also maintained a Buy rating on the stock with a $56.00 price target.
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The company has a one-year high of $46.40 and a one-year low of $20.30. Currently, Core & Main has an average volume of 3.18M.
Based on the recent corporate insider activity of 94 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 22,907,815.00 shares for a total of $938,762,258.70.
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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 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
