BidaskClub upgraded shares of Core-Mark (NASDAQ:CORE) from a strong sell rating to a sell rating in a research note issued to investors on Friday, BidAskClub reports.

Other analysts have also issued research reports about the company. ValuEngine lowered Core-Mark from a hold rating to a sell rating in a research report on Monday, August 12th. Zacks Investment Research lowered Core-Mark from a buy rating to a hold rating in a research report on Monday, August 5th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of $37.40.

Shares of NASDAQ CORE opened at $32.24 on Friday. The firm has a market cap of $1.56 billion, a price-to-earnings ratio of 23.19, a PEG ratio of 2.67 and a beta of 0.82. The company has a quick ratio of 1.00, a current ratio of 1.78 and a debt-to-equity ratio of 0.93. Core-Mark has a 52-week low of $22.53 and a 52-week high of $40.95. The business’s 50 day moving average is $33.60 and its two-hundred day moving average is $36.62.

Core-Mark (NASDAQ:CORE) last announced its earnings results on Wednesday, August 7th. The business services provider reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.06. The company had revenue of $4.30 billion for the quarter, compared to analyst estimates of $4.31 billion. Core-Mark had a return on equity of 13.11% and a net margin of 0.33%. The firm’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.35 earnings per share. Analysts anticipate that Core-Mark will post 1.61 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Thursday, August 22nd were given a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend was Wednesday, August 21st. Core-Mark’s payout ratio is 31.65%.

A number of hedge funds and other institutional investors have recently made changes to their positions in CORE. BlackRock Inc. grew its stake in shares of Core-Mark by 0.8% in the second quarter. BlackRock Inc. now owns 7,047,188 shares of the business services provider’s stock worth $279,915,000 after acquiring an additional 56,269 shares in the last quarter. Cresset Asset Management LLC grew its stake in shares of Core-Mark by 206.9% in the second quarter. Cresset Asset Management LLC now owns 5,683 shares of the business services provider’s stock worth $226,000 after acquiring an additional 3,831 shares in the last quarter. Voloridge Investment Management LLC grew its stake in shares of Core-Mark by 137.6% in the second quarter. Voloridge Investment Management LLC now owns 39,836 shares of the business services provider’s stock worth $1,582,000 after acquiring an additional 23,067 shares in the last quarter. Nuveen Asset Management LLC acquired a new position in shares of Core-Mark in the second quarter worth $21,677,000. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of Core-Mark by 3.2% in the second quarter. Price T Rowe Associates Inc. MD now owns 49,263 shares of the business services provider’s stock worth $1,957,000 after acquiring an additional 1,536 shares in the last quarter. 93.97% of the stock is currently owned by institutional investors.

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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