Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Core-Mark Holding (CORE) Share Price
Media coverage about Core-Mark Holding (NASDAQ:CORE) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies negative and positive press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Core-Mark Holding earned a coverage optimism score of 0.15 on Accern’s scale. Accern also assigned news articles about the business services provider an impact score of 46.1678165696413 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
A number of brokerages recently issued reports on CORE. Jefferies Group LLC dropped their target price on shares of Core-Mark Holding from $38.00 to $34.00 and set a “hold” rating on the stock in a research report on Wednesday, August 9th. Raymond James Financial, Inc. set a $35.00 price target on shares of Core-Mark Holding and gave the company a “buy” rating in a report on Wednesday, August 9th. BidaskClub lowered shares of Core-Mark Holding from a “hold” rating to a “sell” rating in a report on Saturday, August 12th. Zacks Investment Research raised shares of Core-Mark Holding from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 10th. Finally, ValuEngine lowered shares of Core-Mark Holding from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. Core-Mark Holding presently has an average rating of “Hold” and a consensus price target of $40.00.
Core-Mark Holding (CORE) traded down 0.09% during midday trading on Tuesday, hitting $33.32. 107,666 shares of the stock traded hands. The firm’s 50 day moving average is $29.99 and its 200-day moving average is $32.63. The stock has a market capitalization of $1.54 billion, a PE ratio of 37.44 and a beta of 0.96. Core-Mark Holding has a 12-month low of $26.08 and a 12-month high of $44.12.
Core-Mark Holding (NASDAQ:CORE) last issued its quarterly earnings results on Tuesday, August 8th. The business services provider reported $0.21 EPS for the quarter, missing the Zacks’ 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 company had revenue of $3.80 billion during the quarter, compared to the consensus estimate of $3.96 billion. During the same quarter in the previous year, the business posted $0.39 EPS. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. On average, analysts anticipate that Core-Mark Holding will post $1.24 EPS for the current fiscal year.
Core-Mark Holding declared that its Board of Directors has approved a share buyback program on Monday, August 28th that authorizes the company to repurchase $40.00 million in outstanding shares. This repurchase authorization authorizes the business services provider to buy up to 3.3% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its shares are undervalued.
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. 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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