Equities research analysts at William Blair assumed coverage on shares of Core-Mark (NASDAQ:CORE) in a research note issued to investors on Wednesday, The Fly reports. The brokerage set an “outperform” rating on the business services provider’s stock.

Other equities analysts also recently issued reports about the stock. Zacks Investment Research raised shares of Core-Mark from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a research note on Monday, October 30th. Jefferies Group reaffirmed a “hold” rating and set a $32.00 target price on shares of Core-Mark in a research note on Friday, November 10th. Finally, BidaskClub downgraded shares of Core-Mark from a “hold” rating to a “sell” rating in a research note on Friday, December 22nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $38.80.

Core-Mark (NASDAQ CORE) traded down $0.17 during mid-day trading on Wednesday, reaching $31.06. 197,342 shares of the company were exchanged, compared to its average volume of 210,421. Core-Mark has a 12 month low of $26.08 and a 12 month high of $43.94. The company has a market capitalization of $1,458.73, a P/E ratio of 34.51, a P/E/G ratio of 2.31 and a beta of 0.94. 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 (NASDAQ:CORE) last released its quarterly earnings results 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). Core-Mark had a return on equity of 9.90% and a net margin of 0.27%. The company had revenue of $4.31 billion during the quarter, compared to the consensus estimate of $4.29 billion. equities research analysts anticipate that Core-Mark will post 1.19 earnings per share for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC bought a new position in shares of Core-Mark during the third quarter valued at approximately $117,000. Riverhead Capital Management LLC increased its stake in shares of Core-Mark by 81.7% during the second quarter. Riverhead Capital Management LLC now owns 3,997 shares of the business services provider’s stock valued at $132,000 after purchasing an additional 1,797 shares in the last quarter. Flinton Capital Management LLC increased its stake in shares of Core-Mark by 77.3% during the second quarter. Flinton Capital Management LLC now owns 4,368 shares of the business services provider’s stock valued at $144,000 after purchasing an additional 1,904 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of Core-Mark by 17.7% during the second quarter. Victory Capital Management Inc. now owns 4,484 shares of the business services provider’s stock valued at $148,000 after purchasing an additional 673 shares in the last quarter. Finally, Zions Bancorporation purchased a new stake in shares of Core-Mark during the third quarter valued at approximately $161,000. 98.27% of the stock is 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.

The Fly

Analyst Recommendations for Core-Mark (NASDAQ:CORE)

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