Core-Mark Holding Co. (NASDAQ:CORE) has been assigned a consensus broker rating score of 2.50 (Hold) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation and one has issued a buy recommendation on the company. Core-Mark Holding’s rating score has declined by 88% from three months ago as a result of a number of analysts’ upgrades and downgrades.
Brokers have set a 12 month consensus price target of $39.50 for the company and are predicting that the company will post $0.44 EPS for the current quarter, according to Zacks. Zacks has also given Core-Mark Holding an industry rank of 168 out of 265 based on the ratings given to related companies.
A number of analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Core-Mark Holding from a “buy” rating to a “hold” rating in a report on Tuesday, August 9th. Jefferies Group downgraded shares of Core-Mark Holding from a “buy” rating to a “hold” rating and set a $33.00 price target for the company. in a report on Friday, September 30th. Stephens reaffirmed a “buy” rating on shares of Core-Mark Holding in a report on Monday, June 13th. Finally, Raymond James Financial Inc. cut their price target on shares of Core-Mark Holding from $51.00 to $46.00 and set an “outperform” rating for the company in a report on Tuesday, August 30th.
In related news, SVP Scott E. Mcpherson sold 4,522 shares of the stock in a transaction that occurred on Tuesday, August 23rd. The shares were sold at an average price of $45.22, for a total value of $204,484.84. Following the completion of the transaction, the senior vice president now owns 155,244 shares of the company’s stock, valued at approximately $7,020,133.68. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Scott E. Mcpherson sold 5,478 shares of the stock in a transaction that occurred on Monday, August 22nd. The shares were sold at an average price of $45.07, for a total transaction of $246,893.46. Following the completion of the transaction, the senior vice president now directly owns 155,244 shares of the company’s stock, valued at approximately $6,996,847.08. The disclosure for this sale can be found here. 2.40% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently modified their holdings of the stock. Norges Bank bought a new position in shares of Core-Mark Holding during the fourth quarter valued at approximately $8,593,000. Aperio Group LLC boosted its position in shares of Core-Mark Holding by 36.7% in the first quarter. Aperio Group LLC now owns 3,647 shares of the company’s stock valued at $297,000 after buying an additional 980 shares during the period. Virginia Retirement System acquired a new position in shares of Core-Mark Holding during the first quarter valued at about $343,000. TIAA CREF Investment Management LLC boosted its position in shares of Core-Mark Holding by 6.1% in the first quarter. TIAA CREF Investment Management LLC now owns 99,577 shares of the company’s stock valued at $8,122,000 after buying an additional 5,722 shares during the period. Finally, Prudential Financial Inc. boosted its position in shares of Core-Mark Holding by 6.1% in the first quarter. Prudential Financial Inc. now owns 98,749 shares of the company’s stock valued at $8,054,000 after buying an additional 5,635 shares during the period. 96.48% of the stock is owned by institutional investors and hedge funds.
Shares of Core-Mark Holding (NASDAQ:CORE) opened at 34.89 on Thursday. The firm has a market cap of $1.61 billion, a price-to-earnings ratio of 29.69 and a beta of 0.65. The firm’s 50-day moving average is $37.68 and its 200-day moving average is $42.32. Core-Mark Holding has a 12-month low of $34.22 and a 12-month high of $50.00.
Core-Mark Holding (NASDAQ:CORE) last announced its earnings results on Tuesday, August 9th. The company reported $0.35 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.38 by $0.03. Core-Mark Holding had a return on equity of 12.18% and a net margin of 0.44%. The business had revenue of $3.70 billion for the quarter, compared to analyst estimates of $3.50 billion. During the same quarter in the previous year, the company earned $0.33 EPS. The business’s revenue for the quarter was up 31.2% on a year-over-year basis. Analysts predict that Core-Mark Holding will post $1.41 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Wednesday, August 24th were paid a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 0.92%. The ex-dividend date was Monday, August 22nd. Core-Mark Holding’s payout ratio is 27.35%.
Core-Mark Holding Company Profile
Core-Mark Holding Company, Inc is a wholesale distributor to the convenience retail industry in North America. The Company provides sales, marketing, distribution and logistics services to over 36,500 customer locations across the United States and Canada through over 30 distribution centers. The Company’s segments include the United States, Canada and Corporate.
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