Core-Mark (NASDAQ:CORE) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research note issued on Thursday. The firm currently has a $34.00 target price on the business services provider’s stock. Zacks Investment Research‘s price objective would suggest a potential upside of 17.24% from the company’s current price.

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. “

A number of other analysts have also issued reports on CORE. ValuEngine upgraded Core-Mark from a “strong sell” rating to a “sell” rating in a report on Friday, August 3rd. Stephens upgraded Core-Mark from an “equal weight” rating to an “overweight” rating and set a $35.00 price target for the company in a report on Wednesday, August 8th. BMO Capital Markets reiterated a “hold” rating and issued a $30.00 price target (up previously from $21.00) on shares of Core-Mark in a report on Wednesday, August 8th. BidaskClub upgraded Core-Mark from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 9th. Finally, TheStreet upgraded Core-Mark from a “c” rating to a “b-” rating in a report on Friday, August 10th. Four analysts have rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $33.67.

Shares of NASDAQ CORE opened at $29.00 on Thursday. The company has a quick ratio of 1.14, a current ratio of 1.99 and a debt-to-equity ratio of 0.66. The company has a market capitalization of $1.36 billion, a P/E ratio of 29.00, a PEG ratio of 1.68 and a beta of 0.57. Core-Mark has a 52-week low of $17.10 and a 52-week high of $40.12.

Core-Mark (NASDAQ:CORE) last announced its quarterly earnings results on Tuesday, November 6th. The business services provider reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.17. The firm had revenue of $4.27 billion during the quarter, compared to analyst estimates of $4.46 billion. Core-Mark had a return on equity of 11.58% and a net margin of 0.27%. Core-Mark’s quarterly revenue was down .9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.37 earnings per share. Analysts anticipate that Core-Mark will post 1.36 EPS for the current year.

In other Core-Mark news, VP Christopher Hobson sold 5,812 shares of the company’s stock in a transaction on Thursday, November 8th. The stock was sold at an average price of $30.73, for a total transaction of $178,602.76. Following the completion of the sale, the vice president now owns 55,355 shares in the company, valued at $1,701,059.15. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 2.00% of the stock is owned by corporate insiders.

Institutional investors have recently bought and sold shares of the business. BlackRock Inc. increased its position in shares of Core-Mark by 6.9% during the third quarter. BlackRock Inc. now owns 6,950,550 shares of the business services provider’s stock worth $236,040,000 after purchasing an additional 446,325 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Core-Mark by 18.6% during the second quarter. Dimensional Fund Advisors LP now owns 2,579,930 shares of the business services provider’s stock worth $58,565,000 after purchasing an additional 405,500 shares in the last quarter. Royce & Associates LP increased its position in shares of Core-Mark by 14.8% during the second quarter. Royce & Associates LP now owns 2,486,953 shares of the business services provider’s stock worth $56,454,000 after purchasing an additional 321,322 shares in the last quarter. Victory Capital Management Inc. increased its position in shares of Core-Mark by 6,293.3% during the third quarter. Victory Capital Management Inc. now owns 1,334,925 shares of the business services provider’s stock worth $45,334,000 after purchasing an additional 1,314,045 shares in the last quarter. Finally, Millennium Management LLC increased its position in shares of Core-Mark by 650.3% during the second quarter. Millennium Management LLC now owns 731,267 shares of the business services provider’s stock worth $16,600,000 after purchasing an additional 633,806 shares in the last quarter. Institutional investors own 93.91% of the company’s stock.

Core-Mark Company Profile

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.

Further Reading: Price to Earnings Ratio (PE) Basics

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