Core-Mark Holding Company, Inc. (CORE) Receives $29.00 Average PT from Brokerages
Core-Mark Holding Company, Inc. (NASDAQ:CORE) has been given a consensus recommendation of “Hold” by the eleven ratings firms that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $29.00.
Several brokerages have commented on CORE. BidaskClub lowered Core-Mark from a “sell” rating to a “strong sell” rating in a research report on Wednesday, January 31st. Stephens set a $25.00 price objective on Core-Mark and gave the company a “hold” rating in a research report on Wednesday, January 10th. BMO Capital Markets restated a “hold” rating and set a $26.00 price target on shares of Core-Mark in a report on Wednesday, January 10th. Zacks Investment Research downgraded Core-Mark from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. Finally, Loop Capital set a $31.00 price target on Core-Mark and gave the company a “buy” rating in a report on Monday, January 8th. They noted that the move was a valuation call.
Large investors have recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Core-Mark by 1.8% during the second quarter. Vanguard Group Inc. now owns 4,075,508 shares of the business services provider’s stock valued at $134,736,000 after acquiring an additional 71,715 shares in the last quarter. Wells Fargo & Company MN increased its holdings in Core-Mark by 54.1% in the 3rd quarter. Wells Fargo & Company MN now owns 69,608 shares of the business services provider’s stock worth $2,237,000 after buying an additional 24,435 shares in the last quarter. Frontier Capital Management Co. LLC bought a new stake in Core-Mark in the 4th quarter worth about $5,143,000. State of Wisconsin Investment Board increased its holdings in Core-Mark by 15.2% in the 3rd quarter. State of Wisconsin Investment Board now owns 378,200 shares of the business services provider’s stock worth $12,155,000 after buying an additional 50,000 shares in the last quarter. Finally, FMR LLC bought a new stake in Core-Mark in the 2nd quarter worth about $17,929,000.
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Core-Mark 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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