Core-Mark Holding Company, Inc. (NASDAQ:CORE) has been assigned a consensus recommendation of “Buy” from the twelve ratings firms that are presently covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $33.67.

CORE has been the topic of a number of analyst reports. TheStreet raised shares of Core-Mark from a “c” rating to a “b-” rating in a research note on Friday, August 10th. BidaskClub lowered shares of Core-Mark from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, September 18th. Zacks Investment Research raised shares of Core-Mark from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a research note on Wednesday, August 15th. ValuEngine raised shares of Core-Mark from a “hold” rating to a “buy” rating in a research note on Tuesday, August 14th. Finally, Loop Capital increased their target price on shares of Core-Mark to $41.00 and gave the stock a “buy” rating in a research note on Friday, September 7th.

In related news, VP Christopher Hobson sold 5,812 shares of the stock in a transaction on Thursday, November 8th. The shares were sold at an average price of $30.73, for a total transaction of $178,602.76. Following the transaction, the vice president now directly owns 55,355 shares of the company’s stock, valued at $1,701,059.15. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.00% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of CORE. TIAA CREF Investment Management LLC raised its holdings in Core-Mark by 37.7% during the third quarter. TIAA CREF Investment Management LLC now owns 498,949 shares of the business services provider’s stock worth $16,944,000 after buying an additional 136,626 shares during the last quarter. Teachers Advisors LLC raised its holdings in Core-Mark by 15.8% during the third quarter. Teachers Advisors LLC now owns 184,313 shares of the business services provider’s stock worth $6,259,000 after buying an additional 25,135 shares during the last quarter. Macquarie Group Ltd. raised its holdings in Core-Mark by 1.3% during the third quarter. Macquarie Group Ltd. now owns 1,047,366 shares of the business services provider’s stock worth $35,569,000 after buying an additional 13,400 shares during the last quarter. MetLife Investment Advisors LLC raised its holdings in Core-Mark by 54.7% during the third quarter. MetLife Investment Advisors LLC now owns 33,582 shares of the business services provider’s stock worth $1,140,000 after buying an additional 11,878 shares during the last quarter. Finally, Man Group plc acquired a new position in Core-Mark during the third quarter worth $8,975,000. 93.24% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ:CORE opened at $27.77 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.96 and a current ratio of 1.99. Core-Mark has a 52 week low of $17.10 and a 52 week high of $40.12. The firm has a market capitalization of $1.27 billion, a PE ratio of 27.77, a PEG ratio of 1.58 and a beta of 0.57.

Core-Mark (NASDAQ:CORE) last posted its quarterly earnings data on Tuesday, November 6th. The business services provider reported $0.63 EPS for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.17. Core-Mark had a net margin of 0.27% and a return on equity of 11.58%. The company had revenue of $4.27 billion for the quarter, compared to analyst estimates of $4.46 billion. During the same period in the prior year, the firm posted $0.37 EPS. The company’s quarterly revenue was down .9% on a year-over-year basis. Equities research analysts forecast that Core-Mark will post 1.36 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Tuesday, November 20th will be paid a dividend of $0.11 per share. The ex-dividend date is Monday, November 19th. This is a positive change from Core-Mark’s previous quarterly dividend of $0.10. This represents a $0.44 annualized dividend and a yield of 1.58%. Core-Mark’s dividend payout ratio is currently 40.00%.

About Core-Mark

Core-Mark Holding Company, Inc markets fresh and broad-line supply solutions to the convenience retail industry. The company sells and distributes various food/non-food products, including cigarettes, fast food, candies, snacks, groceries, fresh products, dairy products, breads, beverages, other tobacco products, general merchandise and equipment, and health and beauty care products.

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Analyst Recommendations for Core-Mark (NASDAQ:CORE)

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