Core-Mark (CORE) – Analysts’ Recent Ratings Changes

A number of firms have modified their ratings and price targets on shares of Core-Mark (NASDAQ: CORE) recently:

  • 5/14/2019 – Core-Mark was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 5/14/2019 – Core-Mark was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $42.00 price target on the stock. According to Zacks, “Core-Mark Holding Company, Inc.is one of the largest marketers of fresh and broad-line supply solutions to the convenience retail industry in North America. Core-Mark Holding Company, Inc.is one of the largest marketers of fresh and broad-line supply solutions to the convenience retail industry in North America. Core-Mark offers a full range of products, marketing programs, and technology solutions. Core-Mark services traditional convenience retailers, grocers, drug, liquor and specialty stores, and other stores that carry convenience products. “
  • 5/10/2019 – Core-Mark was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 5/7/2019 – Core-Mark was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Core-Mark Holding Company, Inc.is one of the largest marketers of fresh and broad-line supply solutions to the convenience retail industry in North America. Core-Mark Holding Company, Inc.is one of the largest marketers of fresh and broad-line supply solutions to the convenience retail industry in North America. Core-Mark offers a full range of products, marketing programs, and technology solutions. Core-Mark services traditional convenience retailers, grocers, drug, liquor and specialty stores, and other stores that carry convenience products. “
  • 4/29/2019 – Core-Mark was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 4/23/2019 – Core-Mark was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 4/10/2019 – Core-Mark was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 4/3/2019 – Core-Mark was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $43.00 price target on the stock. According to Zacks, “Core-Mark Holding Company, Inc.is one of the largest marketers of fresh and broad-line supply solutions to the convenience retail industry in North America. Core-Mark Holding Company, Inc.is one of the largest marketers of fresh and broad-line supply solutions to the convenience retail industry in North America. Core-Mark offers a full range of products, marketing programs, and technology solutions. Core-Mark services traditional convenience retailers, grocers, drug, liquor and specialty stores, and other stores that carry convenience products. “
  • 3/28/2019 – Core-Mark was upgraded by analysts at TheStreet from a “c+” rating to a “b-” rating.
  • 3/27/2019 – Core-Mark was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 3/20/2019 – Core-Mark was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.

NASDAQ:CORE opened at $37.43 on Thursday. Core-Mark Holding Company, Inc. has a 52 week low of $18.13 and a 52 week high of $40.38. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.61 and a quick ratio of 0.86. The company has a market cap of $1.72 billion, a P/E ratio of 26.93, a PEG ratio of 2.98 and a beta of 0.82.

Core-Mark (NASDAQ:CORE) last posted its earnings results on Wednesday, May 8th. The business services provider reported $0.14 EPS for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.06. Core-Mark had a net margin of 0.29% and a return on equity of 12.03%. The company had revenue of $3.75 billion during the quarter, compared to analysts’ expectations of $3.84 billion. During the same quarter in the prior year, the company posted $0.07 earnings per share. Core-Mark’s revenue for the quarter was down 1.4% compared to the same quarter last year. As a group, equities analysts anticipate that Core-Mark Holding Company, Inc. will post 1.58 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Thursday, May 23rd will be given a dividend of $0.11 per share. The ex-dividend date is Wednesday, May 22nd. This represents a $0.44 dividend on an annualized basis and a yield of 1.18%. Core-Mark’s payout ratio is 31.65%.

In other Core-Mark news, SVP William Stein sold 7,500 shares of the firm’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $38.27, for a total value of $287,025.00. Following the completion of the transaction, the senior vice president now owns 94,301 shares of the company’s stock, valued at $3,608,899.27. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Harvey L. Tepner sold 2,351 shares of the firm’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $40.00, for a total transaction of $94,040.00. Following the completion of the transaction, the director now directly owns 44,370 shares of the company’s stock, valued at approximately $1,774,800. The disclosure for this sale can be found here. Insiders have sold 24,901 shares of company stock valued at $948,090 in the last three months. 2.10% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC raised its holdings in shares of Core-Mark by 1.5% in the fourth quarter. SG Americas Securities LLC now owns 101,055 shares of the business services provider’s stock worth $2,350,000 after buying an additional 1,504 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of Core-Mark by 19.6% in the fourth quarter. Rhumbline Advisers now owns 133,077 shares of the business services provider’s stock worth $3,094,000 after buying an additional 21,770 shares during the last quarter. AlphaCrest Capital Management LLC purchased a new position in shares of Core-Mark in the fourth quarter worth $272,000. Comerica Bank raised its holdings in shares of Core-Mark by 11.6% in the fourth quarter. Comerica Bank now owns 434,592 shares of the business services provider’s stock worth $12,234,000 after buying an additional 45,182 shares during the last quarter. Finally, Strs Ohio purchased a new position in shares of Core-Mark in the fourth quarter worth $760,000. 94.96% of the stock is owned by institutional investors and hedge funds.

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.

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