BidaskClub upgraded shares of Core-Mark (NASDAQ:CORE) from a hold rating to a buy rating in a report issued on Friday morning.

A number of other equities research analysts also recently commented on the stock. ValuEngine upgraded shares of Core-Mark from a sell rating to a hold rating in a research report on Tuesday, January 8th. Sidoti upgraded shares of Core-Mark from a neutral rating to a buy rating in a research report on Thursday, January 3rd. Loop Capital reduced their price objective on shares of Core-Mark to $35.00 and set a buy rating for the company in a research report on Friday, December 28th. TheStreet downgraded shares of Core-Mark from a b- rating to a c+ rating in a research report on Friday, December 14th. Finally, Zacks Investment Research downgraded shares of Core-Mark from a buy rating to a hold rating in a research report on Friday, December 7th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Core-Mark has a consensus rating of Buy and a consensus price target of $32.00.

NASDAQ CORE opened at $27.55 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 stock has a market cap of $1.24 billion, a P/E ratio of 27.55, a P/E/G ratio of 1.41 and a beta of 0.62.

Core-Mark (NASDAQ:CORE) last announced 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. The firm had revenue of $4.27 billion during the quarter, compared to the consensus estimate of $4.46 billion. Core-Mark had a net margin of 0.27% and a return on equity of 11.58%. The firm’s revenue was down .9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.37 earnings per share. Analysts predict that Core-Mark will post 1.35 earnings per share for the current fiscal year.

In other news, VP Christopher Hobson sold 5,812 shares of Core-Mark stock in a transaction that occurred 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 completion of the sale, the vice president now directly owns 55,355 shares in the company, valued at approximately $1,701,059.15. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Christopher M. Miller sold 2,678 shares of Core-Mark stock in a transaction that occurred on Friday, January 4th. The shares were sold at an average price of $24.74, for a total transaction of $66,253.72. Following the sale, the chief financial officer now owns 18,337 shares of the company’s stock, valued at $453,657.38. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by company insiders.

Hedge funds have recently bought and sold shares of the company. Cubist Systematic Strategies LLC lifted its position in shares of Core-Mark by 136.8% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 27,696 shares of the business services provider’s stock valued at $629,000 after acquiring an additional 16,002 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Core-Mark by 4.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,695,409 shares of the business services provider’s stock valued at $91,536,000 after acquiring an additional 115,479 shares during the period. Algert Global LLC acquired a new stake in shares of Core-Mark during the 3rd quarter valued at approximately $1,157,000. Laurion Capital Management LP acquired a new stake in shares of Core-Mark during the 3rd quarter valued at approximately $293,000. Finally, Man Group plc acquired a new stake in shares of Core-Mark during the 3rd quarter valued at approximately $8,975,000. Institutional investors own 93.96% of the company’s stock.

Core-Mark Company Profile

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.

Further Reading: Stock Symbol

Analyst Recommendations for Core-Mark (NASDAQ:CORE)

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