Core-Mark Holding Co. (NASDAQ:CORE)‘s stock had its “hold” rating reiterated by equities research analysts at Jefferies Group in a research report issued on Tuesday. They currently have a $33.00 price objective on the stock. Jefferies Group’s price objective would indicate a potential downside of 9.64% from the company’s previous close.
Other equities research analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of Core-Mark Holding from a “strong sell” rating to a “buy” rating and set a $40.00 target price on the stock in a research note on Monday, October 31st. Raymond James Financial Inc. reduced their target price on shares of Core-Mark Holding from $51.00 to $46.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 30th.
Core-Mark Holding (NASDAQ:CORE) traded up 0.66% during midday trading on Tuesday, reaching $36.52. 79,939 shares of the company traded hands. The company has a 50 day moving average price of $35.01 and a 200-day moving average price of $41.03. Core-Mark Holding has a one year low of $31.54 and a one year high of $50.00. The stock has a market capitalization of $1.69 billion, a P/E ratio of 32.18 and a beta of 0.65.
Core-Mark Holding (NASDAQ:CORE) last announced its earnings results on Monday, November 7th. The company reported $0.34 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.42 by $0.08. Core-Mark Holding had a net margin of 0.39% and a return on equity of 11.72%. The firm earned $4 billion during the quarter, compared to analysts’ expectations of $3.94 billion. During the same period in the prior year, the company posted $0.36 EPS. The company’s revenue was up 33.5% compared to the same quarter last year. Analysts forecast that Core-Mark Holding will post $1.38 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Wednesday, November 23rd will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.99%. The ex-dividend date is Monday, November 21st. This is an increase from Core-Mark Holding’s previous quarterly dividend of $0.08. Core-Mark Holding’s dividend payout ratio (DPR) is currently 31.72%.
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC bought a new position in Core-Mark Holding during the third quarter valued at approximately $101,000. Barclays PLC increased its position in Core-Mark Holding by 13,593.8% in the second quarter. Barclays PLC now owns 2,191 shares of the company’s stock valued at $103,000 after buying an additional 2,175 shares in the last quarter. Bank of Montreal Can increased its position in Core-Mark Holding by 3.3% in the third quarter. Bank of Montreal Can now owns 3,240 shares of the company’s stock valued at $116,000 after buying an additional 102 shares in the last quarter. Springbok Capital Management LLC increased its position in Core-Mark Holding by 5,072.4% in the first quarter. Springbok Capital Management LLC now owns 1,500 shares of the company’s stock valued at $122,000 after buying an additional 1,471 shares in the last quarter. Finally, Sei Investments Co. increased its position in Core-Mark Holding by 466.2% in the second quarter. Sei Investments Co. now owns 2,712 shares of the company’s stock valued at $127,000 after buying an additional 2,233 shares in the last quarter. 99.17% of the stock is currently owned by institutional investors.
Core-Mark Holding Company Profile