Shares of Core-Mark Holding Company, Inc. (NASDAQ:CORE) have received a consensus rating of “Hold” from the eight brokerages that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $34.50.
A number of brokerages have issued reports on CORE. BMO Capital Markets decreased their price target on Core-Mark to $34.00 and set a “market perform” rating for the company in a report on Tuesday, October 1st. They noted that the move was a valuation call. BidaskClub raised Core-Mark from a “strong sell” rating to a “sell” rating in a report on Tuesday, November 5th. Raymond James decreased their price target on Core-Mark from $42.00 to $31.00 and set an “outperform” rating for the company in a report on Friday, November 8th. ValuEngine downgraded Core-Mark from a “hold” rating to a “sell” rating in a research note on Wednesday, November 6th. Finally, Zacks Investment Research downgraded Core-Mark from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 4th.
NASDAQ:CORE traded up $0.02 during trading hours on Wednesday, reaching $25.56. The company had a trading volume of 277,300 shares, compared to its average volume of 303,033. Core-Mark has a 1-year low of $22.53 and a 1-year high of $40.95. The firm has a market cap of $1.23 billion, a PE ratio of 18.39, a price-to-earnings-growth ratio of 2.06 and a beta of 0.76. The business’s 50 day moving average price is $28.04 and its 200-day moving average price is $33.48. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.04 and a quick ratio of 0.88.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Tuesday, November 19th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.88%. The ex-dividend date of this dividend is Monday, November 18th. Core-Mark’s payout ratio is 34.53%.
Large investors have recently modified their holdings of the business. Point72 Asset Management L.P. acquired a new position in shares of Core-Mark in the 2nd quarter valued at $91,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Core-Mark by 18.2% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,202 shares of the business services provider’s stock worth $103,000 after acquiring an additional 492 shares in the last quarter. Tower Research Capital LLC TRC acquired a new position in Core-Mark during the 3rd quarter worth about $112,000. Meeder Asset Management Inc. raised its position in Core-Mark by 198.0% in the 3rd quarter. Meeder Asset Management Inc. now owns 4,405 shares of the business services provider’s stock valued at $142,000 after purchasing an additional 2,927 shares in the last quarter. Finally, Qtron Investments LLC acquired a new stake in Core-Mark in the 2nd quarter valued at about $203,000. Institutional investors own 95.70% of the company’s stock.
Core-Mark Holding Company, Inc markets fresh and broad-line supply solutions to the convenience retail industry. The company sells and distributes food products, including fast food, candies, snacks, and groceries, as well as beverages and fresh products, such as sandwiches, juices, salads, produce, dairy, and bread; and non-food products comprising cigars, tobacco, alternative nicotine products, health and beauty care products, and general merchandise and equipment.
Read More: Average Daily Trade Volume Explained
Receive News & Ratings for Core-Mark Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Core-Mark and related companies with MarketBeat.com's FREE daily email newsletter.