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Last Price: 36.4 - Change: -0.8 - Change %: -2.1505
12/07/2023 16:14:00 EST

Core & Main Inc (CNM)

Industry: Industrial Distribution

Price Support Resistance

In the past 30 trading days, CNM has been trading in a range between $35.02 and $29.30 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.

CNM is breaking above top of the recent 30 day range at $36.09 and appears that it could have some more upside. If it enters a yellow zone the trend may be faltering - consider exiting or taking profits. If it enters a red zone on the chart we would exit the position.

Upside / Downside Potential

Core & Main Inc (CNM) entered a Green zone 21 days ago on the AI powered stock chart. Wall Street analysts have a recent rating of 4.000, which is a Buy. The current analyst target price is $37.46, which gives it a potential upside of 2.91 % from the recent price of 36.40. The stock is trading 4.29% (potential upside) below its 52 week high of $37.96 and 94.13 % (potential downside) above its 52 week low of $18.75 - based on the recent price.

Company Summary

Core & Main, Inc distributes water, wastewater, storm drainage, and fire protection products and related services to municipalities, private water companies, and professional contractors in the municipal, non-residential, and residential end markets in the United States. Its products portfolio include pipes, valves, hydrants, fittings, and other products and services; storm drainage products, such as corrugated piping systems, retention basins, inline drains, manholes, grates, geosynthetics, erosion control, and other related products; fire protection products, including fire protection pipes, and sprinkler heads and devices, as well as fabrication services; and meter products, such as smart meter products, meter accessories, installation, software, and other services.

CNM Website


S&P MidCap 400 Newcomer Rides 90% Gain To New Highs, Dips On Share Offering
IPO stock Core & Main (CNM) dropped early Thursday after the company announced a secondary public offering of 15 million shares "by certain selling stockholders," according to a federal filing. The S&P 400 MidCap 400 stock has nine monthly gains so far in 2023.
Source: Investors Business Daily
Thu, 07 Dec 2023 10:30:00 -0500
Sentiment: Positive
Core & Main Announces Secondary Offering and Share Repurchase
ST. LOUIS--(BUSINESS WIRE)--Core & Main Announces Secondary Offering and Share Repurchase.
Source: Business Wire
Wed, 06 Dec 2023 16:43:00 -0500
Sentiment: Neutral
Core & Main Completes Acquisition of Granite Water Works Inc.
ST. LOUIS--(BUSINESS WIRE)--Core & Main has closed on its previously announced agreement to acquire assets of a provider of water, wastewater and storm drainage products.
Source: Business Wire
Wed, 06 Dec 2023 08:30:00 -0500
Sentiment: Neutral
Core & Main, Inc. (CNM) Q3 2023 Earnings Call Transcript
Core & Main, Inc. (NYSE:CNM ) Q3 2023 Earnings Conference Call December 5, 2023 8:30 AM ET Company Participants Robyn Bradbury - Vice President, Finance and Investor Relations Steve LeClair - Chief Executive Officer Mark Witkowski - Chief Financial Officer Conference Call Participants Joe Ahlersmeyer - Deutsche Bank Kathryn Thompson - Thompson Research Group Nigel Coe - Wolfe Research Asher Sohnen - Citigroup Vivek Srivastava - Goldman Sachs Ryan Connors - Northcoast Research David Manthey - Baird David Ridley-Lane - Bank of America Patrick Baumann - JPMorgan Operator Hello, everyone and welcome to the Core & Main Q3 2023 Earnings Call. My name is Seb and I'll be the operator for your call today.
Source: Seeking Alpha
Tue, 05 Dec 2023 13:09:04 -0500
Sentiment: Neutral
Core & Main (CNM) Q3 Earnings and Revenues Miss Estimates
Core & Main (CNM) came out with quarterly earnings of $0.65 per share, missing the Zacks Consensus Estimate of $0.68 per share. This compares to earnings of $0.65 per share a year ago.
Source: Zacks Investment Research
Tue, 05 Dec 2023 09:46:04 -0500
Sentiment: Negative
Instituions Institution %: 101.425
Last QTR Institution change: -14453255

Insiders %: 0.168
Insiders Purchases last QTR: 0
Insiders Sales last QTR: 63634175
Insiders Net last QTR: -63634175

Analyst Ratings
Target Price: 37.46
Overall Rating: 4
Strong Buys (5): 5
Buys (4): 3
Holds (3): 3
Sells (2): 1
Strong Sells (1): 0

52 Week Hi: 37.96
52 Week Low: 18.75
Beta: 1.024
50 Day MA: 31.8206
200 Day MA: 28.6838

Earnings / Revenue Trends
Qtr Earnings Growth YOY: 0
Qtr Revenue Growth YOY: 0.005
Forward PE: 16.9205
Trailing PE: 17.2512

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