Core-Mark (NASDAQ:CORE) was upgraded by investment analysts at Raymond James Financial to a “buy” rating in a research note issued on Friday. The brokerage currently has a $31.00 price target on the business services provider’s stock. Raymond James Financial’s price target would suggest a potential downside of 1.31% from the stock’s current price.

Several other analysts have also recently issued reports on CORE. Zacks Investment Research raised shares of Core-Mark from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 10th. Jefferies Group reaffirmed a “hold” rating and set a $32.00 price objective on shares of Core-Mark in a research note on Friday, November 10th. BidaskClub cut shares of Core-Mark from a “hold” rating to a “sell” rating in a research note on Friday, December 22nd. William Blair started coverage on shares of Core-Mark in a research note on Wednesday. They set an “outperform” rating for the company. Finally, BMO Capital Markets started coverage on shares of Core-Mark in a research note on Friday. They set a “market perform” rating and a $33.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $37.17.

Core-Mark (CORE) traded up $0.35 on Friday, hitting $31.41. 795,400 shares of the company traded hands, compared to its average volume of 405,400. Core-Mark has a 52-week low of $26.08 and a 52-week high of $43.94. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.12 and a current ratio of 2.16. The firm has a market cap of $1,140.00, a P/E ratio of 35.29, a PEG ratio of 2.27 and a beta of 0.95.

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 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 for the quarter, compared to analyst estimates of $4.29 billion. sell-side analysts expect that Core-Mark will post 1.19 earnings per share for the current year.

Several institutional investors have recently bought and sold shares of the company. Victory Capital Management Inc. grew its stake in shares of Core-Mark by 17.7% in the 2nd quarter. Victory Capital Management Inc. now owns 4,484 shares of the business services provider’s stock valued at $148,000 after buying an additional 673 shares during the period. Voya Investment Management LLC grew its stake in shares of Core-Mark by 7.2% in the 2nd quarter. Voya Investment Management LLC now owns 21,483 shares of the business services provider’s stock valued at $710,000 after buying an additional 1,435 shares during the period. Nationwide Fund Advisors grew its stake in shares of Core-Mark by 2.7% in the 3rd quarter. Nationwide Fund Advisors now owns 58,776 shares of the business services provider’s stock valued at $1,889,000 after buying an additional 1,549 shares during the period. Riverhead Capital Management LLC grew its stake in shares of Core-Mark by 81.7% in the 2nd quarter. Riverhead Capital Management LLC now owns 3,997 shares of the business services provider’s stock valued at $132,000 after buying an additional 1,797 shares during the period. Finally, Sei Investments Co. grew its stake in shares of Core-Mark by 48.2% in the 2nd quarter. Sei Investments Co. now owns 5,802 shares of the business services provider’s stock valued at $191,000 after buying an additional 1,887 shares during the period. 98.27% of the stock is owned by institutional investors and hedge funds.

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Core-Mark Company Profile

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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