Core & Main Inc (NYSE:CNM) has a beta value of 1.05 and has seen 5.53 million shares traded in the recent trading session. The company, currently valued at $7.78B, closed the recent trade at $40.31 per share which meant it lost -$6.49 on the day or -13.87% during that session. The CNM stock price is -54.18% off its 52-week high price of $62.15 and 31.16% above the 52-week low of $27.75. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.64 million shares traded. The 3-month trading volume is 2.37 million shares.
The consensus among analysts is that Core & Main Inc (CNM) is Buy stock at the moment, with a recommendation rating of 2.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 3 out of 10 have rated it as a Hold, with 7 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.74.
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Core & Main Inc (NYSE:CNM) trade information
Sporting -13.87% in the red today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the CNM stock price touched $40.31 or saw a rise of 20.4%. Year-to-date, Core & Main Inc shares have moved -0.25%, while the 5-day performance has seen it change -20.51%. Over the past 30 days, the shares of Core & Main Inc (NYSE:CNM) have changed -15.74%. Short interest in the company has seen 8.95 million shares shorted with days to cover at 4.62.
Wall Street analysts have a consensus price target for the stock at $55, which means that the shares’ value could jump 26.71% from the levels at last check today. The projected low price target is $40.0 while the price target rests at a high of $65.0. In that case, then, we find that the latest price level in today’s session is -61.25% off the targeted high while a plunge would see the stock lose 0.77% from the levels at last check today.
Core & Main Inc (CNM) estimates and forecasts
Figures show that Core & Main Inc shares have underperformed across the wider relevant industry. The company’s shares have lost -16.92% over the past 6 months, with this year growth rate of 6.51%, compared to 8.40% for the industry. Revenue growth from the last financial year stood is estimated to be 11.80%.
11 analysts offering their estimates for the company have set an average revenue estimate of 2.06B for the current quarter. 11 have an estimated revenue figure of 2.04B for the next ending quarter.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 56.51% over the past 5 years. Earnings growth for 2024 is a modest 7.99% while over the next 5 years, the company’s earnings are expected to increase by 11.40%.
CNM Dividends
Core & Main Inc is expected to release its next earnings report in October this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Core & Main Inc (NYSE:CNM)’s Major holders
Insiders own 0.34% of the company shares, while shares held by institutions stand at 109.64% with a share float percentage of 110.02%. Investors are also buoyed by the number of investors in a company, with Core & Main Inc having a total of 592.0 institutions that hold shares in the company. The top two institutional holders are BLACKROCK INC. with over 22.02 million shares worth more than $1.08 billion. As of 2024-06-30, BLACKROCK INC. held 11.4566% of shares outstanding.
The other major institutional holder is VANGUARD GROUP INC, with the holding of over 18.1 million shares as of 2024-06-30. The firm’s total holdings are worth over $885.58 million and represent 9.4151% of shares outstanding.
