The stock of Core & Main Inc. (NYSE:CNM) decreased by -$0.01 on Tuesday to finish at $28.49, down -0.04 percent. The last five days have seen an average of 3,858,440 shares of common stock traded. 39 times new highs were reached in the current year, with a gain of $9.18. The average number of shares traded over the last 20 days was 1,750,615, while the average volume over the last 50 days totaled 1,190,494.
CNM stock dropped -9.35% since last month. On 09/19/23, the company’s shares reached a one-month low of $27.94. The stock touched a high of $33.32 on 08/30/23, after rallying from a low of $18.75 in 52 weeks. The price of CNM stock has risen by 47.54% or $9.18 this year, reaching a new high 39 times. Still, the stock price is down -14.50% from the 52-week high.
Insider Transactions
CNM stock investors should be aware that Core & Main Inc. (CNM) stock had its last reported insider trading activity 1 day ago on Sep 19. On Sep 19, 10% Owner CD&R Investment Associates X, sold 21,125,728 shares at $29.01 each. This transaction resulted in the insider making $612,962,998. On Jul 13, Schaller John R sold 25,000 shares at a price of US$31.96. After the transaction, the insider now owns 0 shares. Chief Human Resources Officer Schneider Laura K had earlier sold 49,904 shares on Jun 27 for $30.03 a share. The transaction was completed for $1,498,388.
Valuation Metrics
Core & Main Inc. (CNM) has a trailing price-to-earnings (P/E) ratio of 13.50. Beta for the stock is 0.93. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.01, the price-to-book (PB) ratio of 2.81, and the price-to-cash flow ratio of 8.02.
Financial Health
For the three months ended July 30, Core & Main Inc.’s quick ratio was 1.50, while its current ratio was 2.60, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending July 30 is 0.92, and the total debt to equity ratio is 0.93. As far as profitability goes, gross margin for the trailing twelve months is 27.40% percent. Core & Main Inc.’s EBITDA margin for the year ended July 30 was 13.89%, whereas its operating margin stood at 11.50% for the same period. Based on annual data, it had gross profit of $1.79 billion and revenue of $6.65 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. CNM’s return on assets (ROA) during the last 12 months has been 7.20%. There was a 20.20% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 21.30%.
Earnings Surprise
According to Core & Main Inc.’s quarterly financial report for the quarter that ended July 30. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $1.86 billion, while revenues fell by 0.0% to $1.57 billion. It was predicted that Core & Main Inc.’s quarterly earnings would be $0.75, but it ended up being $0.68, beating the consensus by 10.30%. EBITDA was $264.0 million for the quarter. At the end of Core & Main Inc.’s most recent quarter ended July 30, its liabilities totaled 2.83 billion, while its total debt was $1.75 billion. Equity owned by shareholders amounts to $226.22 million.
Technical Picture
Here’s a quick look at Core & Main Inc.’s (CNM) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 29.56%, suggesting the stock is oversold, with a 29.69% historical volatility rate.
The stochastic %K and %D were 6.02% and 7.61% respectively, while the average true range (ATR) was 0.90. Based on the 14-day stochastic reading of 10.22%, the RSI (14) reading is 33.37%. On the 9-day MACD Oscillator, the stock is at -0.92, and the 14-day reading is at -1.87.
Analyst Ratings
In its analyst report released on June 13, 2023, Northcoast began covering Core & Main Inc. (NYSE: CNM). The stock was rated as a Buy by the brokerage firm. Analysts have assigned Core & Main Inc. (CNM) an Overweight rating. CNM is a stock that is recommended for selling by 0 brokerage firms, while 4 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 2 rates it overweight and 5 others recommend it as a buy.
What is CNM’s price target for the next 12 months?
The current consensus forecast for the stock is between $25.00 and $57.00, with a median target price of $36.00. In analyzing these forecasts, the average price target given by analysts for Core & Main Inc. (CNM) is $36.92.
