Core-Mark (NASDAQ:CORE) was downgraded by investment analysts at Stephens from an “overweight” rating to an “equal weight” rating in a report issued on Friday.

Other analysts have also recently issued reports about the company. BMO Capital Markets began coverage on Core-Mark in a report on Friday. They set a “market perform” rating and a $33.00 price target on the stock. Jefferies Group restated a “hold” rating and set a $32.00 price target on shares of Core-Mark in a report on Friday, November 10th. William Blair began coverage on Core-Mark in a report on Wednesday. They set an “outperform” rating on the stock. Zacks Investment Research upgraded Core-Mark from a “strong sell” rating to a “hold” rating in a report on Tuesday. Finally, BidaskClub cut Core-Mark from a “hold” rating to a “sell” rating in a report on Friday, December 22nd. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $37.83.

Core-Mark (CORE) traded up $0.35 during trading hours on Friday, hitting $31.41. The stock had a trading volume of 795,400 shares, compared to its average volume of 405,400. The company has a market capitalization of $1,460.00, a PE ratio of 35.29, a P/E/G ratio of 2.27 and a beta of 0.95. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.12 and a current ratio of 2.16. Core-Mark has a 52 week low of $26.08 and a 52 week high of $43.94.

Core-Mark (NASDAQ:CORE) last released its quarterly earnings results on Tuesday, November 7th. The business services provider reported $0.37 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by ($0.04). The firm had revenue of $4.31 billion for the quarter, compared to the consensus estimate of $4.29 billion. Core-Mark had a return on equity of 9.90% and a net margin of 0.27%. equities analysts forecast that Core-Mark will post 1.19 earnings per share for the current fiscal year.

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

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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.

Analyst Recommendations for Core-Mark (NASDAQ:CORE)

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