Core-Mark Holding Company, Inc. (NASDAQ:CORE) has been given a consensus recommendation of “Buy” by the ten analysts that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, four have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $30.20.
Several equities analysts recently issued reports on CORE shares. BidaskClub upgraded Core-Mark from a “hold” rating to a “buy” rating in a research note on Thursday, June 28th. ValuEngine cut Core-Mark from a “sell” rating to a “strong sell” rating in a research note on Wednesday, May 2nd. Stephens upgraded Core-Mark from an “equal weight” rating to an “overweight” rating and set a $35.00 price objective on the stock in a research note on Wednesday. BMO Capital Markets reduced their price objective on Core-Mark from $23.00 to $21.00 and set a “hold” rating on the stock in a research note on Wednesday, May 9th. Finally, Loop Capital set a $32.00 price objective on Core-Mark and gave the stock a “buy” rating in a research note on Thursday, July 5th.
In related news, Director Gary F. Colter bought 5,000 shares of the company’s stock in a transaction on Tuesday, May 22nd. The shares were purchased at an average cost of $18.34 per share, with a total value of $91,700.00. Following the completion of the transaction, the director now directly owns 119,473 shares of the company’s stock, valued at $2,191,134.82. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Laura Jean Flanagan bought 1,930 shares of the company’s stock in a transaction on Thursday, June 14th. The stock was bought at an average cost of $20.61 per share, for a total transaction of $39,777.30. Following the completion of the transaction, the director now directly owns 8,147 shares of the company’s stock, valued at $167,909.67. The disclosure for this purchase can be found here. Insiders acquired 9,430 shares of company stock worth $178,477 over the last ninety days. 2.00% of the stock is owned by corporate insiders.
Core-Mark stock opened at $31.54 on Thursday. The company has a market cap of $1.43 billion, a PE ratio of 27.75, a price-to-earnings-growth ratio of 1.97 and a beta of 0.63. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.92 and a quick ratio of 1.07. Core-Mark has a 52 week low of $17.10 and a 52 week high of $34.79.
Core-Mark (NASDAQ:CORE) last announced its quarterly earnings data on Tuesday, August 7th. The business services provider reported $0.35 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.30 by $0.05. Core-Mark had a return on equity of 9.56% and a net margin of 0.21%. The firm had revenue of $4.23 billion for the quarter, compared to analysts’ expectations of $4.14 billion. analysts forecast that Core-Mark will post 1.22 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 14th. Shareholders of record on Tuesday, August 28th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.27%. The ex-dividend date is Monday, August 27th. Core-Mark’s dividend payout ratio is presently 40.00%.
Core-Mark Holding Company, Inc markets fresh and broad-line supply solutions to the convenience retail industry. The company sells and distributes various food/non-food products, including cigarettes, fast food, candies, snacks, groceries, fresh products, dairy products, breads, beverages, other tobacco products, general merchandise and equipment, and health and beauty care products.
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