Core-Mark (NASDAQ:CORE) was upgraded by analysts at UBS Group from an “outperform” rating to a “strong-buy” rating in a research report issued on Friday, The Fly reports.

A number of other research firms have also commented on CORE. Zacks Investment Research raised Core-Mark from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a research report on Monday, October 30th. Raymond James Financial raised Core-Mark to a “buy” rating and set a $31.00 price target for the company in a research report on Friday. BMO Capital Markets began coverage on Core-Mark in a research report on Friday. They set a “market perform” rating and a $33.00 price target for the company. William Blair began coverage on Core-Mark in a research report on Wednesday. They set an “outperform” rating for the company. Finally, BidaskClub lowered Core-Mark from a “hold” rating to a “sell” rating in a research report on Friday, December 22nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $37.17.

Core-Mark (NASDAQ CORE) traded up $0.35 during midday trading on Friday, hitting $31.41. The stock had a trading volume of 795,400 shares, compared to its average volume of 405,400. Core-Mark has a 12 month low of $26.08 and a 12 month 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 company has a market cap of $1,140.00, a price-to-earnings ratio of 35.29, a PEG ratio of 2.27 and a beta of 0.95.

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

Several hedge funds have recently bought and sold shares of CORE. Sei Investments Co. grew its holdings in shares of Core-Mark by 48.2% during the 2nd quarter. Sei Investments Co. now owns 5,802 shares of the business services provider’s stock worth $191,000 after acquiring an additional 1,887 shares during the period. Schwab Charles Investment Management Inc. grew its holdings in shares of Core-Mark by 9.1% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 275,331 shares of the business services provider’s stock worth $9,103,000 after acquiring an additional 22,875 shares during the period. First Trust Advisors LP grew its holdings in shares of Core-Mark by 90.7% during the 2nd quarter. First Trust Advisors LP now owns 23,195 shares of the business services provider’s stock worth $767,000 after acquiring an additional 11,034 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of Core-Mark by 21.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 915,343 shares of the business services provider’s stock worth $30,261,000 after acquiring an additional 164,118 shares during the period. Finally, Legal & General Group Plc grew its holdings in shares of Core-Mark by 6.0% during the 2nd quarter. Legal & General Group Plc now owns 129,887 shares of the business services provider’s stock worth $4,292,000 after acquiring an additional 7,358 shares during the period. Hedge funds and other institutional investors own 98.27% of the company’s stock.

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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.

The Fly

Analyst Recommendations for Core-Mark (NASDAQ:CORE)

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