Shares of Core-Mark Holding Company, Inc. (NASDAQ:CORE) have been assigned an average recommendation of “Hold” from the eight brokerages that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among brokers that have covered the stock in the last year is $39.50.

CORE has been the topic of several recent analyst reports. Jefferies Group LLC reissued a “hold” rating on shares of Core-Mark Holding in a research note on Friday, June 23rd. Zacks Investment Research lowered shares of Core-Mark Holding from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 10th. ValuEngine lowered shares of Core-Mark Holding from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. BidaskClub raised shares of Core-Mark Holding from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Finally, Loop Capital reissued a “buy” rating and set a $40.00 price objective on shares of Core-Mark Holding in a research note on Monday, July 10th.

A number of hedge funds have recently made changes to their positions in the business. Stephens Inc. AR raised its holdings in Core-Mark Holding by 0.4% during the 1st quarter. Stephens Inc. AR now owns 10,250 shares of the business services provider’s stock worth $320,000 after buying an additional 38 shares during the period. Arizona State Retirement System raised its holdings in Core-Mark Holding by 0.4% during the 2nd quarter. Arizona State Retirement System now owns 24,200 shares of the business services provider’s stock worth $800,000 after buying an additional 100 shares during the period. Texas Permanent School Fund raised its holdings in Core-Mark Holding by 0.8% during the 2nd quarter. Texas Permanent School Fund now owns 33,817 shares of the business services provider’s stock worth $1,118,000 after buying an additional 284 shares during the period. Municipal Employees Retirement System of Michigan raised its holdings in Core-Mark Holding by 4.3% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 10,930 shares of the business services provider’s stock worth $361,000 after buying an additional 450 shares during the period. Finally, California Public Employees Retirement System raised its holdings in Core-Mark Holding by 6.3% during the 1st quarter. California Public Employees Retirement System now owns 8,500 shares of the business services provider’s stock worth $265,000 after buying an additional 500 shares during the period. Hedge funds and other institutional investors own 98.27% of the company’s stock.

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Core-Mark Holding (NASDAQ CORE) traded up 1.18% during midday trading on Friday, hitting $29.94. 141,486 shares of the stock were exchanged. The firm has a market capitalization of $1.39 billion, a price-to-earnings ratio of 33.64 and a beta of 0.94. Core-Mark Holding has a one year low of $26.08 and a one year high of $44.12. The company has a 50 day moving average price of $28.96 and a 200 day moving average price of $32.58.

Core-Mark Holding (NASDAQ:CORE) last released its quarterly earnings data on Tuesday, August 8th. The business services provider reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.11). Core-Mark Holding had a return on equity of 9.70% and a net margin of 0.27%. The firm had revenue of $3.80 billion for the quarter, compared to the consensus estimate of $3.96 billion. During the same period in the previous year, the business earned $0.39 EPS. The firm’s revenue was up 3.1% compared to the same quarter last year. Equities analysts anticipate that Core-Mark Holding will post $1.24 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Tuesday, August 29th were issued a dividend of $0.09 per share. The ex-dividend date was Friday, August 25th. This represents a $0.36 annualized dividend and a yield of 1.20%. Core-Mark Holding’s dividend payout ratio (DPR) is currently 40.00%.

Core-Mark Holding announced that its Board of Directors has approved a stock repurchase program on Monday, August 28th that authorizes the company to buyback $40.00 million in outstanding shares. This buyback authorization authorizes the business services provider to repurchase up to 3.3% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its stock is undervalued.

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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