Core-Mark Holding Company, Inc. (CORE) Downgraded to Sell at BidaskClub

Core-Mark Holding Company, Inc. (NASDAQ:CORE) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday, June 22nd.

CORE has been the topic of several other reports. Jefferies Group LLC dropped their price objective on Core-Mark Holding from $40.00 to $35.00 and set a “hold” rating on the stock in a report on Thursday, March 2nd. Zacks Investment Research upgraded Core-Mark Holding from a “sell” rating to a “hold” rating in a report on Tuesday, May 2nd. Raymond James Financial, Inc. upgraded Core-Mark Holding from an “outperform” rating to a “strong-buy” rating and set a $39.00 price objective on the stock in a report on Tuesday, April 18th. TheStreet downgraded Core-Mark Holding from a “b” rating to a “c+” rating in a report on Wednesday, March 8th. Finally, Loop Capital initiated coverage on Core-Mark Holding in a report on Monday, May 15th. They set a “buy” rating and a $40.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $42.20.

Core-Mark Holding (NASDAQ CORE) opened at 35.65 on Thursday. The firm has a market capitalization of $1.65 billion, a P/E ratio of 32.62 and a beta of 0.85. Core-Mark Holding has a one year low of $30.00 and a one year high of $50.00. The company has a 50-day moving average price of $34.36 and a 200-day moving average price of $34.46.

Core-Mark Holding (NASDAQ:CORE) last posted its quarterly earnings data on Tuesday, May 9th. The business services provider reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by $0.08. Core-Mark Holding had a return on equity of 11.42% and a net margin of 0.34%. The business had revenue of $3.50 billion for the quarter, compared to analysts’ expectations of $3.39 billion. During the same quarter in the prior year, the firm earned $0.17 earnings per share. Core-Mark Holding’s revenue for the quarter was up 16.4% compared to the same quarter last year. On average, equities research analysts anticipate that Core-Mark Holding will post $1.49 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: “Core-Mark Holding Company, Inc. (CORE) Downgraded to Sell at BidaskClub” was first published by BBNS and is owned by of BBNS. If you are accessing this piece of content on another domain, it was stolen and republished in violation of U.S. and international copyright and trademark law. The correct version of this piece of content can be viewed at https://baseballnewssource.com/markets/core-mark-holding-company-inc-core-cut-to-sell-at-bidaskclub-updated-updated-updated/1072902.html.

In other news, SVP Scott E. Mcpherson sold 10,000 shares of Core-Mark Holding stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $35.33, for a total value of $353,300.00. Following the completion of the transaction, the senior vice president now owns 144,651 shares in the company, valued at approximately $5,110,519.83. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Thomas B. Perkins sold 12,000 shares of the business’s stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $34.20, for a total value of $410,400.00. Following the transaction, the insider now owns 190,666 shares of the company’s stock, valued at approximately $6,520,777.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 40,970 shares of company stock valued at $1,435,622. Insiders own 2.50% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. UBS Group AG raised its position in Core-Mark Holding by 30.6% in the first quarter. UBS Group AG now owns 3,423 shares of the business services provider’s stock worth $107,000 after buying an additional 802 shares in the last quarter. Victory Capital Management Inc. raised its position in Core-Mark Holding by 65.1% in the first quarter. Victory Capital Management Inc. now owns 3,811 shares of the business services provider’s stock worth $119,000 after buying an additional 1,503 shares in the last quarter. Quantbot Technologies LP raised its position in Core-Mark Holding by 550.9% in the first quarter. Quantbot Technologies LP now owns 3,821 shares of the business services provider’s stock worth $119,000 after buying an additional 3,234 shares in the last quarter. Ameritas Investment Partners Inc. bought a new position in Core-Mark Holding during the first quarter worth about $123,000. Finally, State of Alaska Department of Revenue raised its position in Core-Mark Holding by 2.0% in the first quarter. State of Alaska Department of Revenue now owns 5,110 shares of the business services provider’s stock worth $159,000 after buying an additional 100 shares in the last quarter. Institutional investors and hedge funds own 98.30% of the company’s stock.

Core-Mark Holding Company Profile

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.

Receive News & Ratings for Core-Mark Holding Company Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Core-Mark Holding Company Inc. and related companies with our FREE daily email newsletter.

 


Latest News

Tigers Would Include Cash in Verlander Deal and Other MLB Trade Rumors
Tigers Would Include Cash in Verlander Deal and Other MLB Trade Rumors
Todd Frazier Trade to Boston Appears to Be Decided
Todd Frazier Trade to Boston Appears to Be Decided
Chicago White Sox Continue Rebuild Without Jose Quintana
Chicago White Sox Continue Rebuild Without Jose Quintana
Mike Trout Returns from Injury With Single and Stole Base
Mike Trout Returns from Injury With Single and Stole Base
Chicago Cubs Strengthen Rotation Through Trade for Jose Quintana
Chicago Cubs Strengthen Rotation Through Trade for Jose Quintana
Players Know They Could Go From All-Star Game to Trade Block
Players Know They Could Go From All-Star Game to Trade Block


Leave a Reply

 
© 2006-2017 BBNS.