Core & Main Inc (NYSE:CNM) saw a downside of -1.43% to close Tuesday at $28.27 after subtracting -$0.41 on the day. The 5-day average trading volume is 2,621,000 shares of the company’s common stock. It has gained $28.91 in the past week and touched a new high 1 time within the past 5 days. An average of 2,266,660 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,356,878.
CNM’s 1-month performance is -9.94% or -$3.12 on its low of $27.75 reached on 09/21/23. The company’s shares have touched a 52-week low of $18.75 and high of $33.32, with the stock’s rally to the 52-week high happening on 08/30/23. YTD, CNM has achieved 46.40% or $8.96 and has reached a new high 39 times. However, the current price is down -15.16% from the 52-week high price.
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Insider Transactions
CNM stock investors last saw insider trading activity on Sep 19.CD&R Investment Associates X, (10% Owner) most recently sold 21,125,728 shares at $29.01 per share on Sep 19. This transaction cost the insider $612,962,998. President, Schaller John R, sold 25,000 shares at a price of $31.96 on Jul 13. Then, on Jun 27, Chief Human Resources Officer Schneider Laura K sold 49,904 shares at a price of $30.03 per share. This transaction amounted to $1,498,388.
Valuation Metrics
CNM stock has a beta of 0.96. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.72 while the price-to-book (PB) in the most recent quarter is 2.81, with the price to cash flow ratio at 5.71.
Core & Main Inc’s quick ratio for the period ended July 30 was 1.53, with the current ratio over the same period at 2.59. As well, the company’s long term debt to equity for the quarter ending July 30 was 0.99, while the total debt to equity was 1.03.. In terms of profitability, the gross margin trailing 12 months is 25.20%. The trailing 12-month EBITDA margin is 13.89% while for the period ending July 30, Core & Main Inc’s operating margin was 11.63%. The firm’s gross profit as reported stood at $1.79 billion against revenue of $6.65 billion.
Earnings Surprise
For the quarterly period ending July 30 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -4.55% to $110.0 million, while revenue of $86.0 million was 21.82% off the previous quarter. Analysts expected CNM to announce $0.68 per share in earnings in its latest quarter, but it posted $0.75, representing a 10.30% surprise. EBITDA for the quarter stood at more than $264.0 million. CNM stock balance sheet for the quarter ending July 30 shows that total liabilities totaled 2.83 billion, with total debt at $1.75 billion. Shareholders hold equity totaling $226.22 million.
Let’s look briefly at Core & Main Inc (CNM) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 26 September was 34.79% to suggest the stock is trending Neutral, with historical volatility in this time period at 26.08%.
The stock’s 5-day moving average is $28.31, reflecting a -0.77% or -$0.22 change from its current price. CNM is currently trading -10.05% above its 20-day SMA, +5.21% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -9.77% and SMA200 by+36.70%.
Stochastic %K and %D was 19.51% and 13.78% and the average true range (ATR) pointed at 0.76. The RSI (14) points at 35.98%, while the 14-day stochastic is at 18.64% with the period’s ATR at 0.78. The stock’s 9-day MACD Oscillator is pointing at -0.01 and -0.50 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Core & Main Inc (NYSE: CNM), Northcoast launched coverage with a Buy rating. Analysts offering their rating for CNM stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate CNM as a “sell,”, while 4 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 2 rates the stock as overweight while 5 have offered a “buy” rating.
What is CNM’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $25.00 and a high of $57.00, with their median price target at $36.00. Looking at these predictions, the average price target given by analysts is for Core & Main Inc (CNM) stock is $36.92.
