Core-Mark Holding (NASDAQ:CORE) Getting Somewhat Favorable News Coverage, Study Finds
Headlines about Core-Mark Holding (NASDAQ:CORE) have been trending somewhat positive on Monday, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Core-Mark Holding earned a news impact score of 0.09 on Accern’s scale. Accern also assigned media coverage about the business services provider an impact score of 45.9583359303241 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the headlines that may have impacted Accern’s rankings:
- Core-Mark Holding Company, Inc. (NASDAQ:CORE) Sees Significantly Lower Trading Volume (highlightpress.com)
- Head to Head Survey: Echo Global Logistics (ECHO) & Core-Mark Holding (CORE) (americanbankingnews.com)
- Core-Mark Holding Company, Inc. (NASDAQ:CORE) Upgraded by Zacks Investment Research to Strong-Buy (americanbankingnews.com)
- Head to Head Contrast: Core-Mark Holding (CORE) & Echo Global Logistics (ECHO) (americanbankingnews.com)
- Jefferies Group Analysts Cut Earnings Estimates for Core-Mark Holding Company, Inc. (CORE) (americanbankingnews.com)
Several analysts have weighed in on CORE shares. BidaskClub downgraded Core-Mark Holding from a “hold” rating to a “sell” rating in a research note on Thursday, June 22nd. Zacks Investment Research raised Core-Mark Holding from a “hold” rating to a “strong-buy” rating and set a $42.00 target price on the stock in a research note on Friday. Jefferies Group LLC set a $35.00 target price on Core-Mark Holding and gave the company a “hold” rating in a research note on Monday, May 8th. Loop Capital started coverage on Core-Mark Holding in a research report on Monday, May 15th. They set a “buy” rating and a $40.00 price target on the stock. Finally, Raymond James Financial, Inc. upgraded Core-Mark Holding from an “outperform” rating to a “strong-buy” rating and set a $39.00 price target on the stock in a research report on Tuesday, April 18th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $41.00.
Core-Mark Holding (NASDAQ CORE) opened at 35.77 on Monday. Core-Mark Holding has a 12 month low of $30.00 and a 12 month high of $48.27. The stock’s 50 day moving average price is $34.87 and its 200 day moving average price is $34.11. The firm has a market capitalization of $1.66 billion, a PE ratio of 32.73 and a beta of 0.87.
Core-Mark Holding (NASDAQ:CORE) last posted its quarterly earnings data on Tuesday, May 9th. The business services provider reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by $0.08. Core-Mark Holding had a return on equity of 11.42% and a net margin of 0.34%. The firm had revenue of $3.50 billion for the quarter, compared to analyst estimates of $3.39 billion. During the same period in the prior year, the company posted $0.17 EPS. The firm’s quarterly revenue was up 16.4% compared to the same quarter last year. Equities research analysts expect that Core-Mark Holding will post $1.49 earnings per share for the current fiscal year.
In other Core-Mark Holding news, VP William Stein sold 7,500 shares of the company’s stock in a transaction on Friday, June 9th. The stock was sold at an average price of $35.91, for a total transaction of $269,325.00. Following the transaction, the vice president now owns 73,402 shares of the company’s stock, valued at approximately $2,635,865.82. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Thomas B. Perkins sold 12,000 shares of the company’s stock in a transaction on Thursday, June 1st. The stock was sold at an average price of $34.20, for a total value of $410,400.00. Following the transaction, the insider now directly owns 190,666 shares in the company, valued at approximately $6,520,777.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 40,970 shares of company stock worth $1,435,622. Company insiders own 2.50% of the company’s stock.
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About Core-Mark Holding
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. As of December 31, 2016, the Company offered services to over 43,000 customer locations across the United States and Canada through 30 distribution centers.
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