BMO Capital Markets Reaffirms Hold Rating for Core-Mark (CORE)

Core-Mark (NASDAQ:CORE)‘s stock had its “hold” rating restated by equities researchers at BMO Capital Markets in a research report issued on Wednesday, January 10th. They currently have a $26.00 price target on the business services provider’s stock. BMO Capital Markets’ price objective suggests a potential upside of 5.18% from the stock’s previous close.

Several other analysts have also recently commented on the company. Zacks Investment Research cut Core-Mark from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. Loop Capital set a $31.00 price target on Core-Mark and gave the company a “buy” rating in a report on Monday, January 8th. They noted that the move was a valuation call. UBS Group upgraded Core-Mark from an “outperform” rating to a “strong-buy” rating in a report on Friday, January 5th. Raymond James Financial upgraded Core-Mark from an “outperform” rating to a “buy” rating and set a $31.00 price target for the company in a report on Friday, January 5th. Finally, Stephens lowered Core-Mark from an “overweight” rating to an “equal weight” rating in a research note on Friday, January 5th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $30.50.

Core-Mark (NASDAQ:CORE) traded down $0.37 during trading on Wednesday, reaching $24.72. The company had a trading volume of 204,903 shares, compared to its average volume of 552,745. The stock has a market cap of $1,142.31, a PE ratio of 27.47, a PEG ratio of 1.80 and a beta of 0.94. Core-Mark has a 1 year low of $23.33 and a 1 year high of $42.96. The company has a current ratio of 2.16, a quick ratio of 1.12 and a debt-to-equity ratio of 0.93.

Core-Mark (NASDAQ:CORE) last posted its quarterly earnings data on Tuesday, November 7th. The business services provider reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.04). The company had revenue of $4.31 billion for the quarter, compared to analysts’ expectations of $4.29 billion. Core-Mark had a return on equity of 9.90% and a net margin of 0.27%. equities research analysts predict that Core-Mark will post 0.95 EPS for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in CORE. Schwab Charles Investment Management Inc. lifted its position in Core-Mark by 9.1% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 275,331 shares of the business services provider’s stock worth $9,103,000 after acquiring an additional 22,875 shares in the last quarter. First Trust Advisors LP lifted its position in Core-Mark by 90.7% during the 2nd quarter. First Trust Advisors LP now owns 23,195 shares of the business services provider’s stock worth $767,000 after acquiring an additional 11,034 shares in the last quarter. Legal & General Group Plc lifted its position in Core-Mark by 6.0% during the 2nd quarter. Legal & General Group Plc now owns 129,887 shares of the business services provider’s stock worth $4,292,000 after acquiring an additional 7,358 shares in the last quarter. BNP Paribas Arbitrage SA lifted its position in Core-Mark by 69.3% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 16,281 shares of the business services provider’s stock worth $538,000 after acquiring an additional 6,663 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its position in Core-Mark by 17.7% during the 2nd quarter. Victory Capital Management Inc. now owns 4,484 shares of the business services provider’s stock worth $148,000 after acquiring an additional 673 shares in the last quarter.

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About Core-Mark

Core-Mark Holding Company, Inc is a wholesale distributor to the convenience retail industry in North America. The Company provides sales, marketing, distribution and logistics services. As of December 31, 2016, the Company offered services to over 43,000 customer locations across the United States and Canada through 30 distribution centers.

Analyst Recommendations for Core-Mark (NASDAQ:CORE)

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