BidaskClub downgraded shares of Core-Mark (NASDAQ:CORE) from a hold rating to a sell rating in a research note published on Saturday, BidAskClub reports.

Other equities analysts have also recently issued research reports about the stock. Loop Capital lifted their target price on shares of Core-Mark to $43.00 and gave the stock a buy rating in a research report on Monday, March 4th. BMO Capital Markets lifted their target price on shares of Core-Mark to $38.00 and gave the stock a market perform rating in a research report on Tuesday, March 5th. They noted that the move was a valuation call. Raymond James lifted their target price on shares of Core-Mark from $36.00 to $39.00 and gave the stock an outperform rating in a research report on Monday, March 4th. ValuEngine upgraded shares of Core-Mark from a hold rating to a buy rating in a research report on Tuesday, March 5th. Finally, TheStreet upgraded shares of Core-Mark from a c+ rating to a b- rating in a research report on Thursday, March 28th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of Buy and an average target price of $37.83.

NASDAQ CORE opened at $37.75 on Friday. Core-Mark has a 52-week low of $22.24 and a 52-week high of $40.38. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.61 and a quick ratio of 0.86. The company has a market cap of $1.73 billion, a P/E ratio of 27.16, a P/E/G ratio of 2.88 and a beta of 0.76. The stock’s fifty day moving average is $37.99.

Core-Mark (NASDAQ:CORE) last posted its quarterly earnings data on Wednesday, May 8th. The business services provider reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.06. Core-Mark had a net margin of 0.29% and a return on equity of 12.03%. The company had revenue of $3.75 billion during the quarter, compared to the consensus estimate of $3.84 billion. During the same period in the previous year, the firm posted $0.07 EPS. The firm’s revenue was down 1.4% compared to the same quarter last year. As a group, sell-side analysts predict that Core-Mark will post 1.58 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Thursday, May 23rd were given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date was Wednesday, May 22nd. Core-Mark’s payout ratio is presently 31.65%.

In related news, Director Harvey L. Tepner sold 1,000 shares of Core-Mark stock in a transaction on Tuesday, April 2nd. The shares were sold at an average price of $38.25, for a total value of $38,250.00. Following the transaction, the director now owns 48,370 shares in the company, valued at approximately $1,850,152.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Harvey L. Tepner sold 2,351 shares of Core-Mark stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $40.00, for a total transaction of $94,040.00. Following the completion of the transaction, the director now owns 44,370 shares in the company, valued at approximately $1,774,800. The disclosure for this sale can be found here. 2.10% of the stock is owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the business. Versant Capital Management Inc increased its position in shares of Core-Mark by 86.6% in the first quarter. Versant Capital Management Inc now owns 978 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 454 shares during the period. Advisor Group Inc. increased its position in shares of Core-Mark by 32.0% in the fourth quarter. Advisor Group Inc. now owns 2,181 shares of the business services provider’s stock valued at $51,000 after acquiring an additional 529 shares during the period. Investors Research Corp purchased a new position in shares of Core-Mark in the first quarter valued at about $52,000. Meeder Asset Management Inc. increased its position in shares of Core-Mark by 1,638.8% in the first quarter. Meeder Asset Management Inc. now owns 1,478 shares of the business services provider’s stock valued at $54,000 after acquiring an additional 1,393 shares during the period. Finally, Group One Trading L.P. purchased a new position in shares of Core-Mark in the first quarter valued at about $56,000. Hedge funds and other institutional investors own 92.15% 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 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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Analyst Recommendations for Core-Mark (NASDAQ:CORE)

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