Core-Mark (NASDAQ:CORE) was downgraded by stock analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued on Monday.

CORE has been the subject of several other research reports. BidaskClub cut Core-Mark from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, September 18th. Loop Capital set a $32.00 target price on Core-Mark and gave the company a “buy” rating in a report on Thursday, July 5th. Zacks Investment Research downgraded Core-Mark from a “buy” rating to a “hold” rating in a report on Thursday, August 16th. BMO Capital Markets reaffirmed a “hold” rating and set a $30.00 target price (up from $21.00) on shares of Core-Mark in a report on Wednesday, August 8th. Finally, Sidoti downgraded Core-Mark from a “buy” rating to a “neutral” rating in a report on Tuesday, September 11th. Five investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $34.33.

CORE stock traded down $0.81 during trading hours on Monday, hitting $33.29. 251,100 shares of the stock traded hands, compared to its average volume of 404,098. Core-Mark has a one year low of $17.10 and a one year high of $38.16. The stock has a market capitalization of $1.57 billion, a P/E ratio of 33.29, a P/E/G ratio of 2.10 and a beta of 0.83. The company has a quick ratio of 1.14, a current ratio of 1.92 and a debt-to-equity ratio of 0.66.

Core-Mark (NASDAQ:CORE) last announced its earnings results on Tuesday, August 7th. The business services provider reported $0.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.05. Core-Mark had a return on equity of 9.56% and a net margin of 0.21%. The business had revenue of $4.23 billion during the quarter, compared to analysts’ expectations of $4.14 billion. sell-side analysts anticipate that Core-Mark will post 1.25 earnings per share for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of Core-Mark during the second quarter valued at $222,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Core-Mark during the first quarter valued at $249,000. Aperio Group LLC lifted its holdings in shares of Core-Mark by 63.1% during the first quarter. Aperio Group LLC now owns 12,868 shares of the business services provider’s stock valued at $274,000 after purchasing an additional 4,979 shares during the last quarter. Skylands Capital LLC lifted its holdings in shares of Core-Mark by 941.7% during the second quarter. Skylands Capital LLC now owns 12,500 shares of the business services provider’s stock valued at $284,000 after purchasing an additional 11,300 shares during the last quarter. Finally, Capital Fund Management S.A. purchased a new stake in shares of Core-Mark during the second quarter valued at $286,000. 95.32% of the stock is owned by institutional investors and hedge funds.

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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