Brokerages Set Core & Main, Inc. (NYSE:CNM) PT at $62.00

Core & Main, Inc. (NYSE:CNM) has earned an average rating of “Moderate Buy” from the twelve brokerages that are currently covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $61.6364.

A number of equities research analysts have recently weighed in on the stock. Zacks Research downgraded shares of Core & Main from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 9th. 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. Robert W. Baird increased their price objective on shares of Core & Main from $62.00 to $64.00 and gave the company an “outperform” rating in a research note on Wednesday, December 10th. JPMorgan Chase & Co. raised their target price on shares of Core & Main from $58.00 to $59.00 and gave the company an “overweight” rating in a research report on Wednesday, December 10th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of Core & Main from $65.00 to $62.00 and set a “buy” rating on the stock in a research note on Wednesday.

Core & Main Stock Performance

Core & Main stock opened at $50.55 on Thursday. The company has a quick ratio of 1.35, a current ratio of 2.63 and a debt-to-equity ratio of 1.02. The stock has a market cap of $9.88 billion, a PE ratio of 21.88, a P/E/G ratio of 1.99 and a beta of 0.98. Core & Main has a 12-month low of $43.17 and a 12-month high of $67.18. The business’s 50-day moving average price is $54.14 and its two-hundred day moving average price is $52.57.

Core & Main declared that its board has approved a stock repurchase plan on Tuesday, December 9th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the company to repurchase up to 5% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its shares are undervalued.

Institutional Trading of Core & Main

Hedge funds and other institutional investors have recently made changes to their positions in the company. Morgan Stanley increased its stake in shares of Core & Main by 8.3% in the fourth quarter. Morgan Stanley now owns 14,586,859 shares of the company’s stock valued at $758,079,000 after buying an additional 1,118,145 shares during the period. Capital World Investors boosted its position in Core & Main by 5.8% during the 4th quarter. Capital World Investors now owns 6,292,740 shares of the company’s stock worth $327,034,000 after buying an additional 344,606 shares during the period. State Street Corp boosted its position in Core & Main by 1.0% during the 4th quarter. State Street Corp now owns 5,733,516 shares of the company’s stock worth $297,971,000 after buying an additional 54,562 shares during the period. Royal London Asset Management Ltd. grew its holdings in Core & Main by 12.5% during the 4th quarter. Royal London Asset Management Ltd. now owns 5,688,595 shares of the company’s stock worth $295,636,000 after acquiring an additional 632,077 shares during the last quarter. Finally, First Trust Advisors LP grew its holdings in Core & Main by 38.6% during the 4th quarter. First Trust Advisors LP now owns 5,318,070 shares of the company’s stock worth $276,380,000 after acquiring an additional 1,482,235 shares during the last quarter. 94.19% of the stock is currently owned by institutional investors.

Trending Headlines about Core & Main

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

• Positive Sentiment: Q4 earnings beat on EPS: Core & Main reported $0.52 EPS vs. consensus ~$0.33, and improved margins year‑over‑year — a fundamental positive for near‑term profitability. MarketBeat Q4 report
• Positive Sentiment: Management still sees growth in key end markets (smart meters, water treatment) and guided to revenue/EBITDA increases for fiscal 2026 — supports medium‑term revenue drivers. Seeking Alpha outlook
• Positive Sentiment: Major brokerages trimmed price targets (e.g., to $62) but retained Buy/Overweight ratings, implying continued analyst conviction despite weaker near‑term guidance. TickerReport on PT changes
• Neutral Sentiment: Full earnings materials and transcript are available (slides and call transcript), allowing investors to dig into segment performance and guidance details before taking positions. Earnings call transcript
• Neutral Sentiment: Some research notes argue the company is fairly valued vs. peers (supporting a Hold stance), so upside may be limited absent clearer top‑line acceleration. Seeking Alpha valuation view
• Negative Sentiment: Revenue slightly missed expectations ($1.58B reported vs. ~$1.59B est.) and management issued a weaker full‑year revenue outlook, which triggered the initial share weakness. Yahoo Finance on weak guidance
• Negative Sentiment: Analysts cut forecasts following the Q4 print and guidance, increasing near‑term uncertainty around revenue growth and model assumptions. Benzinga on forecast cuts
• Negative Sentiment: Company highlighted a competitive/technology investment risk — pressure to invest in tech to stay competitive could compress margins or require higher capital spend. TipRanks on tech investment risk

Core & Main Company Profile

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.