Several other equities analysts also recently commented on CORE. TheStreet raised shares of Core-Mark from a c rating to a b- rating in a report on Friday, August 10th. Zacks Investment Research raised shares of Core-Mark from a hold rating to a buy rating and set a $37.00 target price on the stock in a report on Wednesday, August 15th. ValuEngine raised shares of Core-Mark from a hold rating to a buy rating in a report on Tuesday, August 14th. BidaskClub raised shares of Core-Mark from a hold rating to a buy rating in a report on Tuesday, July 10th. Finally, BMO Capital Markets reissued a hold rating and issued a $30.00 target price (up previously from $21.00) on shares of Core-Mark in a report on Wednesday, August 8th. Four analysts have rated the stock with a hold rating, five have given a buy rating and two have given a strong buy rating to the company’s stock. The stock has an average rating of Buy and an average target price of $33.67.
Shares of CORE traded down $1.54 during mid-day trading on Wednesday, reaching $29.00. The stock had a trading volume of 536,908 shares, compared to its average volume of 399,722. The firm has a market cap 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 12 month low of $17.10 and a 12 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 1.14.
Core-Mark (NASDAQ:CORE) last posted its quarterly earnings results on Tuesday, November 6th. The business services provider reported $0.63 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.17. The business had revenue of $4.27 billion during the quarter, compared to analyst estimates of $4.46 billion. Core-Mark had a net margin of 0.27% and a return on equity of 11.58%. The company’s revenue was down .9% on a year-over-year basis. During the same period in the prior year, the business posted $0.37 earnings per share. Equities analysts anticipate that Core-Mark will post 1.36 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Tuesday, November 20th will be issued a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.52%. The ex-dividend date of this dividend is Monday, November 19th. This is an increase from Core-Mark’s previous quarterly dividend of $0.10. Core-Mark’s payout ratio is 40.00%.
In other news, VP Christopher Hobson sold 5,812 shares of the business’s stock in a transaction on Thursday, November 8th. The shares were sold at an average price of $30.73, for a total value of $178,602.76. Following the transaction, the vice president now owns 55,355 shares of the company’s stock, valued at $1,701,059.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.00% of the stock is currently owned by insiders.
Institutional investors have recently added to or reduced their stakes in the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in Core-Mark during the second quarter valued at $222,000. Virginia Retirement Systems ET AL purchased a new stake in Core-Mark during the third quarter valued at $224,000. Howard Capital Management purchased a new stake in Core-Mark during the third quarter valued at $280,000. Skylands Capital LLC raised its stake in Core-Mark by 941.7% during the second quarter. Skylands Capital LLC now owns 12,500 shares of the business services provider’s stock valued at $284,000 after purchasing an additional 11,300 shares in the last quarter. Finally, Capital Fund Management S.A. purchased a new stake in Core-Mark during the second quarter valued at $286,000. 93.91% of the stock is currently owned by institutional investors.
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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