Stocks of Core & Main Inc (CNM) are poised to climb above their peers

With 2.1 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.31 million shares. During the session, the Industrial Distribution company that operates in wider Industrials sector, reached to the highest price of $48.08 whereas the lowest price it dropped to was $47.06. The 52-week range on CNM shows that it touched its highest point at $62.15 and its lowest point at $27.06 during that stretch. It currently has a 1-year price target of $58.58. Beta for the stock currently stands at 1.10.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CNM was down-trending over the past week, with a drop of -17.46%, but this was down by -20.31% over a month. Three-month performance dropped to -4.41% while six-month performance rose 27.72%. The stock gained 65.19% in the past year, while it has gained 17.57% so far this year. A look at the trailing 12-month EPS for CNM yields 2.13 with Next year EPS estimates of 2.68. For the next quarter, that number is 0.74. This implies an EPS growth rate of 9.00% for this year and 14.50% for next year. EPS is expected to grow by 11.53% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 56.51%.

Float and Shares Shorts:

At present, 192.92 million CNM shares are outstanding with a float of 192.25 million shares on hand for trading. On 2024-05-15, short shares totaled 6.77 million, which was 352.0 higher than short shares on 1713139200. In addition to Mr. Stephen O. LeClair as the firm’s CEO & Chairman, Mr. John R. Schaller serves as its President.

Institutional Ownership:

Through their ownership of 1.0835 of CNM’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-04-28, CNM reported revenue of $1741000000.0 and operating income of $168000000.0. The EBITDA in the recently reported quarter was $214000000.0 and diluted EPS was $0.49.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CNM since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.