Core & Main (NYSE:CNM) Price Target Cut to $62.00 by Analysts at Deutsche Bank Aktiengesellschaft

Core & Main (NYSE:CNM) had its price target cut by Deutsche Bank Aktiengesellschaft from $65.00 to $62.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price indicates a potential upside of 25.93% from the stock’s current price.

Other research analysts have also recently issued reports about the company. JPMorgan Chase & Co. boosted their target price on Core & Main from $58.00 to $59.00 and gave the stock an “overweight” rating in a report on Wednesday, December 10th. Royal Bank Of Canada reiterated an “outperform” rating and set a $63.00 price objective on shares of Core & Main in a research report on Friday, January 9th. Barclays lowered their price objective on Core & Main from $63.00 to $62.00 and set an “overweight” rating on the stock in a research note on Wednesday. Wells Fargo & Company upped their target price on Core & Main from $57.00 to $65.00 and gave the company an “overweight” rating in a report on Wednesday, January 14th. Finally, Robert W. Baird raised their target price on Core & Main from $62.00 to $64.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 10th. Seven research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, Core & Main presently has a consensus rating of “Moderate Buy” and a consensus target price of $61.64.

Core & Main Price Performance

NYSE CNM traded down $1.35 during trading hours on Wednesday, hitting $49.23. 1,514,416 shares of the company’s stock traded hands, compared to its average volume of 2,257,404. The company has a market capitalization of $9.63 billion, a PE ratio of 21.65, a PEG ratio of 1.90 and a beta of 0.98. The company has a debt-to-equity ratio of 1.04, a current ratio of 2.26 and a quick ratio of 1.35. Core & Main has a 52-week low of $43.17 and a 52-week high of $67.18. The firm’s 50-day moving average is $54.26 and its 200-day moving average is $52.59.

Core & Main announced that its board has initiated a stock repurchase program on Tuesday, December 9th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the company to buy up to 5% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Hedge Funds Weigh In On Core & Main

A number of hedge funds have recently modified their holdings of the business. TD Waterhouse Canada Inc. purchased a new stake in Core & Main in the 4th quarter valued at about $26,000. EverSource Wealth Advisors LLC increased its position in shares of Core & Main by 145.4% during the second quarter. EverSource Wealth Advisors LLC now owns 454 shares of the company’s stock valued at $27,000 after acquiring an additional 269 shares during the last quarter. Whittier Trust Co. acquired a new stake in shares of Core & Main during the fourth quarter valued at about $28,000. Cubist Systematic Strategies LLC raised its stake in shares of Core & Main by 262.0% in the 1st quarter. Cubist Systematic Strategies LLC now owns 724 shares of the company’s stock valued at $35,000 after acquiring an additional 524 shares during the period. Finally, Quarry LP acquired a new position in shares of Core & Main in the 4th quarter worth approximately $38,000. 94.19% of the stock is currently owned by hedge funds and other institutional investors.

More Core & Main News

Here are the key news stories impacting Core & Main this week:

• Positive Sentiment: Q4 earnings beat consensus — GAAP EPS $0.52 vs. $0.48 expected; margin and ROE remain solid, showing operating leverage even as revenue fell year‑over‑year. MarketBeat Earnings
• Positive Sentiment: Barclays trimmed its price target slightly from $63 to $62 but maintained an “Overweight” rating — the note still implies meaningful upside from current levels, which can limit downside pressure from some institutional holders. Benzinga
• Neutral Sentiment: Company posted its earnings slides and full transcript (useful for detail on category trends such as smart meters and water treatment) — no new surprises in the deck, but guidance items in the call drove market moves. Earnings Transcript
• Neutral Sentiment: Press release and investor presentation published with full quarter and FY commentary for modeling and Q&A review. BusinessWire Release
• Negative Sentiment: Revenue missed expectations ($1.58B vs. ~$1.59B est.) and was down ~6.9% YoY; management issued weaker full‑year revenue guidance, which was the primary catalyst for the selloff. Yahoo Finance Guidance Story
• Negative Sentiment: Multiple market headlines flagged the weak outlook and share reaction (e.g., BayStreet, MSN) — reinforcing negative sentiment among traders and short‑term funds. BayStreet
• Negative Sentiment: New risk disclosure around the need for strategic technology investments to stay competitive — investors may view required capex/IT spend as a margin and execution risk. TipRanks Risk Note
• Negative Sentiment: Analyst/author commentary (Seeking Alpha) argues CNM’s outlook and execution merit a Hold rather than Buy — suggests limited near‑term multiple expansion given current fundamentals. Seeking Alpha Valuation View

About Core & Main

Core & Main, Inc (NYSE:CNM) is a leading distributor of water, sewer, storm drainage and fire protection products across North America. The company’s product portfolio includes valves, hydrants, pipe and fittings, meters, couplings and other essential components that support municipal, industrial and environmental infrastructure projects. By combining a comprehensive inventory with logistics and technical support, Core & Main helps customers address complex water system and distribution challenges.

With more than 300 branch locations and over 3,500 employees, Core & Main serves a diverse customer base that includes municipalities, contractors, engineers and utility providers.