Are Analysts Expecting A Better 2020 For Core & Main Inc (CNM)?

Core & Main Inc (CNM) concluded trading on Wednesday at a closing price of $59.75, with 3.37 million shares of worth about $201.63 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 109.43% during that period and on April 3, 2024 the price saw a gain of about 3.43%. Currently the company’s common shares owned by public are about 192.15M shares, out of which, 191.88M shares are available for trading.

However, the stock later moved at a day high price of 49.42, or with a gain of 3.43%. Stock saw a price change of 4.31% in past 5 days and over the past one month there was a price change of 21.42%. Year-to-date (YTD), CNM shares are showing a performance of 47.86% which increased to 158.66% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $21.75 but also hit the highest price of $58.26 during that period. The average intraday trading volume for Core & Main Inc shares is 3.13 million. The stock is currently trading 12.06% above its 20-day simple moving average (SMA20), while that difference is up 25.30% for SMA50 and it goes to 63.46% higher than SMA200.

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Core & Main Inc (NYSE: CNM) currently have 192.15M outstanding shares and institutions hold larger chunk of about 83.78% of that.

The stock has a current market capitalization of $11.48B and its 3Y-monthly beta is at 1.15. PE ratio of stock for trailing 12 months is 28.01, while it has posted earnings per share of $2.13 in the same period. Its PEG reads 2.43 and has Quick Ratio of 1.30 while making debt-to-equity ratio of 1.43. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CNM, volatility over the week remained 2.55% while standing at 2.63% over the month.

Stock’s fiscal year EPS is expected to rise by 13.55% while it is estimated to increase by 14.64% in next year. EPS is likely to shrink at an annualized rate of 11.53% for next 5-years, compared to annual growth of 56.51% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Citigroup on January 08, 2024 offering a Buy rating for the stock and assigned a target price range of between $38 and $48 to it. Coverage by Wolfe Research stated Core & Main Inc (CNM) stock as an Outperform in their note to investors on October 12, 2023, suggesting a price target of $40 for the stock. On June 13, 2023, Northcoast Initiated their recommendations, while on February 14, 2023, Loop Capital Initiated their ratings for the stock with a price target of $28. Stock get a Buy rating from Deutsche Bank on August 18, 2022.

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