Loop Capital set a $31.00 target price on Core-Mark (NASDAQ:CORE) in a report published on Monday morning. The firm currently has a buy rating on the business services provider’s stock. The analysts noted that the move was a valuation call.

A number of other equities analysts have also recently issued reports on the stock. UBS Group raised shares of Core-Mark from an outperform rating to a strong-buy rating in a research report on Friday, January 5th. Raymond James Financial raised shares of Core-Mark from an outperform rating to a buy rating and set a $31.00 price objective on the stock in a research report on Friday, January 5th. Stephens cut shares of Core-Mark from an overweight rating to an equal weight rating in a research report on Friday, January 5th. BMO Capital Markets assumed coverage on shares of Core-Mark in a research report on Friday, January 5th. They set a market perform rating and a $33.00 price objective on the stock. Finally, William Blair assumed coverage on shares of Core-Mark in a research report on Wednesday, January 3rd. They set an outperform rating on the stock. Two research analysts have rated the stock with a sell rating, four have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Core-Mark has an average rating of Hold and a consensus target price of $34.50.

Shares of Core-Mark (NASDAQ:CORE) opened at $24.40 on Monday. The company has a current ratio of 2.16, a quick ratio of 1.12 and a debt-to-equity ratio of 0.93. Core-Mark has a 1-year low of $23.95 and a 1-year high of $43.50. The firm has a market capitalization of $1,190.00, a PE ratio of 27.42, a price-to-earnings-growth ratio of 1.83 and a beta of 0.95.

Core-Mark (NASDAQ:CORE) last released its quarterly earnings data on Tuesday, November 7th. The business services provider reported $0.37 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.04). The company had revenue of $4.31 billion for the quarter, compared to the consensus estimate of $4.29 billion. Core-Mark had a return on equity of 9.90% and a net margin of 0.27%. sell-side analysts predict that Core-Mark will post 1.16 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 22nd. Investors of record on Tuesday, November 28th were given a $0.10 dividend. This is a boost from Core-Mark’s previous quarterly dividend of $0.09. The ex-dividend date was Monday, November 27th. This represents a $0.40 annualized dividend and a yield of 1.64%. Core-Mark’s dividend payout ratio (DPR) is presently 44.94%.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Victory Capital Management Inc. lifted its position in Core-Mark by 17.7% in the 2nd quarter. Victory Capital Management Inc. now owns 4,484 shares of the business services provider’s stock valued at $148,000 after acquiring an additional 673 shares in the last quarter. Voya Investment Management LLC lifted its position in Core-Mark by 7.2% in the 2nd quarter. Voya Investment Management LLC now owns 21,483 shares of the business services provider’s stock valued at $710,000 after acquiring an additional 1,435 shares in the last quarter. Nationwide Fund Advisors lifted its position in Core-Mark by 2.7% in the 3rd quarter. Nationwide Fund Advisors now owns 58,776 shares of the business services provider’s stock valued at $1,889,000 after acquiring an additional 1,549 shares in the last quarter. Riverhead Capital Management LLC lifted its position in Core-Mark by 81.7% in the 2nd quarter. Riverhead Capital Management LLC now owns 3,997 shares of the business services provider’s stock valued at $132,000 after acquiring an additional 1,797 shares in the last quarter. Finally, Sei Investments Co. lifted its position in Core-Mark by 48.2% in the 2nd quarter. Sei Investments Co. now owns 5,802 shares of the business services provider’s stock valued at $191,000 after acquiring an additional 1,887 shares in the last quarter. 98.27% of the stock is currently owned by institutional investors and hedge funds.

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About Core-Mark

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.

Analyst Recommendations for Core-Mark (NASDAQ:CORE)

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