There has been a significant shift in the fundamentals for Core & Main Inc (NYSE:CNM)

Core & Main Inc (NYSE:CNM) shares traded 2.09% higher at $31.73 on Wall Street last session.

In accordance with the data, 12 analysts cover Core & Main Inc (NYSE:CNM). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $57.00 and a low of $25.00, we find $38.00. Given the previous closing price of $31.08, this indicates a potential upside of 22.27 percent. CNM stock price is now 5.46% away from the 50-day moving average and 15.18% away from the 200-day moving average. The market capitalization of the company currently stands at $5.49B.

It has been rated a hold by 3 analysts and a buy by 6. Brokers who have rated the stock have averaged $37.69 as their price target over the next twelve months.

With the price target maintained at $40, Wolfe Research recently Upgraded its rating from Peer Perform to Outperform for Core & Main Inc (NYSE: CNM).

In other news, CD&R Investment Associates X,, 10% Owner sold 22,125,728 shares of the company’s stock on Nov 09. The stock was sold for $673,507,160 at an average price of $30.44. Upon completion of the transaction, the 10% Owner now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 31, Director Castellano James G sold 9,890 shares of the business’s stock. A total of $296,997 was realized by selling the stock at an average price of $30.03. Insiders disposed of 53,307,708 shares of company stock worth roughly $1.69 billion over the past 1 year. A total of 35.87% of the company’s stock is owned by insiders.

Core & Main Inc (NYSE: CNM) opened at $32.36 on Thursday. During the past 12 months, Core & Main Inc has had a low of $18.75 and a high of $33.32. As of last week, the company has a debt-to-equity ratio of 1.03, a current ratio of 2.59, and a quick ratio of 1.53. According to the stock market information, the enterprise value for the company is $7.23B, which is based on a 15.04 price-to-earnings ratio, a 1.44 price-to-earnings-growth ratio, and a beta of 0.94. The fifty day moving average price for CNM is $30.09 and a two-hundred day moving average price translates $27.55 for the stock.

The latest earnings results from Core & Main Inc (NYSE: CNM) was released for Jul, 2023. According to the Industrial Distribution Company, earnings per share came in at $0.75, beating analysts’ expectations of $0.68 by 0.07. This compares to $0.74 EPS in the same period last year. The net profit margin was 6.08% and return on equity was 22.25% for CNM. The company reported revenue of $1.86 billion for the quarter, compared to $1.86 billion a year earlier. For the current quarter, analysts expect CNM to generate $1.84B in revenue.

Core & Main Inc(CNM) Company Profile

Core & Main, Inc. distributes water, wastewater, storm drainage, and fire protection products and related services to municipalities, private water companies, and professional contractors in the municipal, non-residential, and residential end markets in the United States. Its products portfolio include pipes, valves, hydrants, fittings, and other products and services; storm drainage products, such as corrugated piping systems, retention basins, inline drains, manholes, grates, geosynthetics, erosion control, and other related products; fire protection products, including fire protection pipes, and sprinkler heads and devices, as well as fabrication services; and meter products, such as smart meter products, meter accessories, installation, software, and other services. The company’s specialty products and services are used in the maintenance, repair, replacement, and construction of water, wastewater, storm drainage, and fire protection infrastructure. Core & Main, Inc. was founded in 1874 and is headquartered in St. Louis, Missouri.

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