Core-Mark (CORE) Rating Lowered to Hold at BidaskClub

Core-Mark (NASDAQ:CORE) was downgraded by BidaskClub from a “buy” rating to a “hold” rating in a research report issued on Wednesday.

A number of other equities analysts also recently commented on the stock. ValuEngine downgraded shares of Core-Mark from a “buy” rating to a “hold” rating in a report on Monday, September 24th. Zacks Investment Research raised shares of Core-Mark from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a report on Friday, September 28th. Raymond James downgraded shares of Core-Mark from a “strong-buy” rating to an “outperform” rating and lifted their price objective for the stock from $33.00 to $40.00 in a report on Friday, September 7th. Loop Capital set a $41.00 price objective on shares of Core-Mark and gave the stock a “buy” rating in a report on Wednesday, September 26th. Finally, Stephens raised shares of Core-Mark from an “equal weight” rating to an “overweight” rating and set a $35.00 price objective for the company in a report on Wednesday, August 8th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $32.83.

CORE stock opened at $25.12 on Wednesday. Core-Mark has a twelve month low of $17.10 and a twelve month high of $40.12. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.99 and a quick ratio of 0.96. The company has a market cap of $1.18 billion, a PE ratio of 18.73, a P/E/G ratio of 1.47 and a beta of 0.48.



Core-Mark (NASDAQ:CORE) last released its quarterly earnings data on Tuesday, November 6th. The business services provider reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.17. The firm had revenue of $4.27 billion during the quarter, compared to the consensus estimate of $4.46 billion. Core-Mark had a net margin of 0.27% and a return on equity of 11.58%. The firm’s revenue was down .9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.37 earnings per share. On average, analysts anticipate that Core-Mark will post 1.35 EPS for the current year.

In other Core-Mark news, VP Christopher Hobson sold 5,812 shares of the firm’s stock in a transaction on Thursday, November 8th. The stock was sold at an average price of $30.73, for a total value of $178,602.76. Following the sale, the vice president now directly owns 55,355 shares in the company, valued at $1,701,059.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.00% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. Amalgamated Bank bought a new stake in Core-Mark in the third quarter valued at $215,000. Franklin Resources Inc. bought a new stake in Core-Mark in the third quarter valued at $223,000. Virginia Retirement Systems ET AL bought a new stake in Core-Mark in the third quarter valued at $224,000. Virtu Financial LLC bought a new stake in shares of Core-Mark during the third quarter valued at about $242,000. Finally, United Services Automobile Association bought a new stake in shares of Core-Mark during the third quarter valued at about $242,000. Institutional investors own 93.68% of the company’s stock.

About Core-Mark

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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Analyst Recommendations for Core-Mark (NASDAQ:CORE)

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