Core-Mark Holding Company, Inc. (CORE) Earns Buy Rating from Analysts at Loop Capital
Loop Capital initiated coverage on shares of Core-Mark Holding Company, Inc. (NASDAQ:CORE) in a report released on Monday. The brokerage issued a buy rating and a $40.00 price target on the business services provider’s stock.
Several other research analysts also recently issued reports on CORE. Raymond James Financial, Inc. upgraded shares of Core-Mark Holding Company 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 shares of Core-Mark Holding Company from a b rating to a c+ rating in a report on Wednesday, March 8th. Jefferies Group LLC decreased their target price on shares of Core-Mark Holding Company from $40.00 to $35.00 and set a hold rating on the stock in a research report on Thursday, March 2nd. Finally, Zacks Investment Research lowered shares of Core-Mark Holding Company from a buy rating to a hold rating in a research report on Thursday, February 16th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $42.20.
Core-Mark Holding Company (NASDAQ:CORE) traded down 0.27% during trading on Monday, reaching $33.76. 29,434 shares of the company’s stock were exchanged. The company’s 50-day moving average is $33.49 and its 200-day moving average is $35.54. Core-Mark Holding Company has a 1-year low of $30.00 and a 1-year high of $50.00. The company has a market capitalization of $1.56 billion, a PE ratio of 30.89 and a beta of 0.69.
Core-Mark Holding Company (NASDAQ:CORE) last announced its earnings results on Tuesday, May 9th. The business services provider reported $0.11 EPS for the quarter, missing the consensus estimate of $0.19 by $0.08. The firm had revenue of $3.50 billion during the quarter, compared to the consensus estimate of $3.39 billion. Core-Mark Holding Company had a return on equity of 11.72% and a net margin of 0.39%. The business’s revenue was up 16.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.17 EPS. Equities research analysts expect that Core-Mark Holding Company will post $1.44 earnings per share for the current fiscal year.
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The business also recently announced a quarterly dividend, which will be paid on Thursday, June 22nd. Shareholders of record on Thursday, May 25th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend is Tuesday, May 23rd. Core-Mark Holding Company’s dividend payout ratio is presently 31.72%.
Large investors have recently bought and sold shares of the company. UBS Group AG increased its stake in Core-Mark Holding Company 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 during the period. Victory Capital Management Inc. increased its stake in Core-Mark Holding Company 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 during the period. Quantbot Technologies LP increased its stake in Core-Mark Holding Company 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 during the period. Ameritas Investment Partners Inc. acquired a new stake in Core-Mark Holding Company during the first quarter worth $123,000. Finally, Sei Investments Co. increased its stake in Core-Mark Holding Company by 64.0% in the third quarter. Sei Investments Co. now owns 4,448 shares of the business services provider’s stock worth $159,000 after buying an additional 1,736 shares during the period. 98.63% of the stock is owned by institutional investors and hedge funds.
Core-Mark Holding Company 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.
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