In yesterday’s Wall Street session, Core & Main Inc (NYSE:CNM) shares traded at $38.00, down -3.55% from the previous session.
CNM stock price is now -24.22% away from the 50-day moving average and -21.81% away from the 200-day moving average. The market capitalization of the company currently stands at $7.33B.
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With the price target enhanced from $63 to $64, Citigroup Downgraded its rating from Buy to Neutral for Core & Main Inc (NYSE: CNM). On January 08, 2024, Citigroup Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock increasing its target price from $38 to quote $48, while ‘Wolfe Research’ rates the stock as ‘Outperform’
In other news, Gipson Dennis G, Director sold 25,000 shares of the company’s stock on Jul 16 ’24. The stock was sold for $1,327,058 at an average price of $53.08. Upon completion of the transaction, the Director 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 Jul 15 ’24, Director Castellano James G sold 12,500 shares of the business’s stock. A total of $652,786 was realized by selling the stock at an average price of $52.22. A total of 0.36% of the company’s stock is owned by insiders.
During the past 12 months, Core & Main Inc has had a low of $27.75 and a high of $62.15. As of last week, the company has a debt-to-equity ratio of 1.60, a current ratio of 2.29, and a quick ratio of 1.34. According to the stock market information, the enterprise value for the company is $10274995200, which is based on a 18.21 price-to-earnings ratio, a 1.60 price-to-earnings-growth ratio, and a beta of 1.09. The fifty day moving average price for CNM is $50.142 and a two-hundred day moving average price translates $48.60015 for the stock.
The latest earnings results from Core & Main Inc (NYSE: CNM) was released for 2024-04-28. The net profit margin was 5.58% and return on equity was 23.30% for CNM. The company reported revenue of $1.96 billion for the quarter, compared to $1.86 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 5.53 percent.
