In last trading session, Core & Main Inc (NYSE:CNM) saw 12.62 million shares changing hands with its beta currently measuring 1.05. Company’s recent per share price level of $39.40 trading at -$7.4 or -15.81% at ring of the bell on the day assigns it a market valuation of $7.60B. That closing price of CNM’s stock is at a discount of -57.74% from its 52-week high price of $62.15 and is indicating a premium of 29.57% from its 52-week low price of $27.75. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 2.64 million shares which gives us an average trading volume of 2.37 million if we extend that period to 3-months.
For Core & Main Inc (CNM), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.00. Splitting up the data highlights that, out of 10 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 3 suggested the stock as a Hold whereas 7 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.74 in the current quarter.
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Core & Main Inc (NYSE:CNM) trade information
Upright in the red during last session for losing -15.81%, in the last five days CNM remained trading in the red while hitting it’s week-highest on Wednesday, 08/28/24 when the stock touched $39.40 price level, adding 22.2% to its value on the day. Core & Main Inc’s shares saw a change of -2.50% in year-to-date performance and have moved -22.30% in past 5-day. Core & Main Inc (NYSE:CNM) showed a performance of -17.64% in past 30-days. Number of shares sold short was 8.95 million shares which calculate 4.62 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 55 to the stock, which implies a rise of 28.36% to its current value. Analysts have been projecting 40 as a low price target for the stock while placing it at a high target of 65. It follows that stock’s current price would drop -1.52% in reaching the projected high whereas dropping to the targeted low would mean a loss of -1.52% for stock’s current value.
Core & Main Inc (CNM) estimates and forecasts
Statistics highlight that Core & Main Inc is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -18.80% of value to its shares in past 6 months, showing an annual growth rate of 6.51% while that of industry is 8.40. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 11.80% from the last financial year’s standing.
11 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 2.06B for the same. And 11 analysts are in estimates of company making revenue of 2.04B in the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 56.51% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 3.31% while estimates for its earnings growth in next 5 years are of 11.40%.
Core & Main Inc (NYSE:CNM)’s Major holders
Insiders are in possession of 0.34% of company’s total shares while institution are holding 109.64 percent of that, with stock having share float percentage of 110.02%. Investors also watch the number of corporate investors in a company very closely, which is 109.64% institutions for Core & Main Inc that are currently holding shares of the company. BLACKROCK INC. is the top institutional holder at CNM for having 22.02 million shares of worth $1.08 billion. And as of 2024-06-30, it was holding 11.4566 of the company’s outstanding shares.
The second largest institutional holder is VANGUARD GROUP INC, which was holding about 18.1 million shares on 2024-06-30. The number of shares represents firm’s hold over 9.4151 of outstanding shares, having a total worth of $885.58 million.
