Stephens set a $49.00 price target on Core-Mark Holding Co. (NASDAQ:CORE) in a research report sent to investors on Friday. The brokerage currently has a buy rating on the stock.
A number of other equities research analysts also recently commented on CORE. Jefferies Group set a $40.00 target price on Core-Mark Holding and gave the stock a hold rating in a report on Sunday, December 18th. Zacks Investment Research raised Core-Mark Holding from a hold rating to a buy rating and set a $48.00 target price for the company in a report on Tuesday, January 10th.
Shares of Core-Mark Holding (NASDAQ:CORE) opened at 42.40 on Friday. The company has a 50-day moving average of $41.10 and a 200 day moving average of $40.19. The stock has a market capitalization of $1.96 billion, a price-to-earnings ratio of 37.36 and a beta of 0.70. Core-Mark Holding has a 12-month low of $31.54 and a 12-month high of $50.00.
Core-Mark Holding (NASDAQ:CORE) last issued its quarterly earnings results on Monday, November 7th. The company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.42 by $0.08. The business earned $4 billion during the quarter, compared to analyst estimates of $3.94 billion. Core-Mark Holding had a return on equity of 11.72% and a net margin of 0.39%. Core-Mark Holding’s revenue was up 33.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.36 EPS. Analysts predict that Core-Mark Holding will post $1.34 earnings per share for the current year.
In related news, insider Thomas B. Perkins sold 12,000 shares of Core-Mark Holding stock in a transaction that occurred on Friday, December 16th. The stock was sold at an average price of $41.81, for a total transaction of $501,720.00. Following the completion of the transaction, the insider now directly owns 216,496 shares in the company, valued at $9,051,697.76. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Christopher M. Miller sold 3,517 shares of Core-Mark Holding stock in a transaction that occurred on Friday, January 6th. The shares were sold at an average price of $42.96, for a total value of $151,090.32. Following the transaction, the chief financial officer now owns 12,360 shares of the company’s stock, valued at $530,985.60. The disclosure for this sale can be found here. Corporate insiders own 2.40% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in CORE. Barclays PLC boosted its position in shares of Core-Mark Holding by 13,593.8% in the second quarter. Barclays PLC now owns 2,191 shares of the company’s stock valued at $103,000 after buying an additional 2,175 shares in the last quarter. Sei Investments Co. boosted its position in shares of Core-Mark Holding by 466.2% in the second quarter. Sei Investments Co. now owns 2,712 shares of the company’s stock valued at $127,000 after buying an additional 2,233 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Core-Mark Holding during the third quarter valued at $101,000. Tower Research Capital LLC TRC boosted its position in shares of Core-Mark Holding by 62,860.0% in the second quarter. Tower Research Capital LLC TRC now owns 3,148 shares of the company’s stock valued at $148,000 after buying an additional 3,143 shares in the last quarter. Finally, Bank of Montreal Can boosted its position in shares of Core-Mark Holding by 3.3% in the third quarter. Bank of Montreal Can now owns 3,240 shares of the company’s stock valued at $116,000 after buying an additional 102 shares in the last quarter. Institutional investors own 97.41% of the company’s stock.
Core-Mark Holding Company Profile
Core-Mark Holding Company, Inc is a wholesale distributor to the convenience retail industry in North America. The Company provides sales, marketing, distribution and logistics services to over 36,500 customer locations across the United States and Canada through over 30 distribution centers. The Company’s segments include the United States, Canada and Corporate.