Core-Mark Holding Company, Inc. (NASDAQ:CORE) – Research analysts at Jefferies Financial Group lowered their Q2 2020 earnings per share (EPS) estimates for Core-Mark in a research note issued to investors on Monday, February 10th. Jefferies Financial Group analyst C. Mandeville now expects that the business services provider will earn $0.53 per share for the quarter, down from their prior forecast of $0.59. Jefferies Financial Group currently has a “Buy” rating and a $28.00 target price on the stock. Jefferies Financial Group also issued estimates for Core-Mark’s Q3 2020 earnings at $0.64 EPS, FY2020 earnings at $1.66 EPS, FY2021 earnings at $1.89 EPS and FY2024 earnings at $2.81 EPS.
CORE has been the topic of a number of other reports. TheStreet cut Core-Mark from a “b-” rating to a “c+” rating in a report on Tuesday, December 3rd. Zacks Investment Research lowered Core-Mark from a “hold” rating to a “sell” rating in a research report on Monday, February 3rd. Raymond James cut their target price on Core-Mark from $42.00 to $31.00 and set an “outperform” rating on the stock in a research report on Friday, November 8th. ValuEngine raised Core-Mark from a “sell” rating to a “hold” rating in a research report on Saturday, January 4th. Finally, BidaskClub lowered Core-Mark from a “sell” rating to a “strong sell” rating in a research report on Thursday, February 6th. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $33.00.
CORE opened at $23.75 on Thursday. Core-Mark has a one year low of $23.10 and a one year high of $40.95. The stock has a market capitalization of $1.08 billion, a PE ratio of 20.47, a P/E/G ratio of 1.64 and a beta of 0.84. The business’s 50 day moving average price is $25.02 and its 200 day moving average price is $28.77. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.88 and a current ratio of 2.04.
Institutional investors have recently bought and sold shares of the company. Fieldpoint Private Securities LLC increased its position in shares of Core-Mark by 76.0% during the fourth quarter. Fieldpoint Private Securities LLC now owns 1,406 shares of the business services provider’s stock worth $38,000 after acquiring an additional 607 shares during the period. Advisor Group Inc. increased its position in shares of Core-Mark by 23.6% during the fourth quarter. Advisor Group Inc. now owns 3,751 shares of the business services provider’s stock worth $102,000 after acquiring an additional 716 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Core-Mark by 18.2% during the third 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 during the period. CFM Wealth Partners LLC purchased a new stake in shares of Core-Mark during the fourth quarter worth $109,000. Finally, Tower Research Capital LLC TRC purchased a new stake in shares of Core-Mark during the third quarter worth $112,000. 95.50% of the stock is currently owned by institutional investors and hedge funds.
In other Core-Mark news, CFO Christopher M. Miller sold 3,436 shares of the business’s stock in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $26.22, for a total value of $90,091.92. Following the sale, the chief financial officer now owns 28,366 shares of the company’s stock, valued at $743,756.52. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.10% of the stock is owned by insiders.
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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