Core & Main (NYSE:CNM) announced its quarterly earnings results on Monday. The company reported $0.37 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.10, Fidelity Earnings reports.
Shares of CNM traded up $0.51 during trading hours on Wednesday, reaching $27.55. 3,508 shares of the company traded hands, compared to its average volume of 683,791. Core & Main has a 1-year low of $21.45 and a 1-year high of $30.57.
CNM has been the topic of several recent research reports. The Goldman Sachs Group assumed coverage on Core & Main in a report on Tuesday, August 17th. They set a “neutral” rating and a $30.00 target price on the stock. Citigroup began coverage on Core & Main in a report on Wednesday, August 18th. They issued a “buy” rating and a $31.00 target price for the company. Bank of America began coverage on Core & Main in a research report on Tuesday, August 17th. They set a “neutral” rating and a $30.00 target price for the company. JPMorgan Chase & Co. began coverage on shares of Core & Main in a research report on Tuesday, August 17th. They issued an “overweight” rating and a $27.00 price target on the stock. Finally, Royal Bank of Canada raised their target price on shares of Core & Main from $28.00 to $30.00 and gave the company a “sector perform” rating in a research note on Wednesday. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $30.25.
Core & Main Inc is a specialized distributor of water, wastewater, storm drainage and fire protection products, and related services, to municipalities, private water companies and professional contractors across municipal, non-residential and residential end markets. The company’s products and services are used in the maintenance, repair, replacement and construction of water and fire protection infrastructure.
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