Core-Mark Holding Company, Inc. (CORE) Receives Consensus Rating of “Hold” from Analysts

Core-Mark Holding Company, Inc. (NASDAQ:CORE) has earned a consensus rating of “Hold” from the eleven ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, four have issued a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $29.00.

CORE has been the topic of several research reports. Zacks Investment Research cut Core-Mark from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. Loop Capital set a $31.00 price target on Core-Mark and gave the stock a “buy” rating in a report on Monday, January 8th. They noted that the move was a valuation call. UBS Group raised Core-Mark from an “outperform” rating to a “strong-buy” rating in a research note on Friday, January 5th. Stephens set a $25.00 price objective on Core-Mark and gave the stock a “hold” rating in a research note on Wednesday, January 10th. Finally, BidaskClub lowered Core-Mark from a “hold” rating to a “sell” rating in a research note on Friday, December 22nd.

Institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in shares of Core-Mark by 1.8% in the second quarter. Vanguard Group Inc. now owns 4,075,508 shares of the business services provider’s stock worth $134,736,000 after acquiring an additional 71,715 shares during the period. Wells Fargo & Company MN lifted its stake in Core-Mark by 54.1% in the third quarter. Wells Fargo & Company MN now owns 69,608 shares of the business services provider’s stock valued at $2,237,000 after buying an additional 24,435 shares during the period. Frontier Capital Management Co. LLC acquired a new position in Core-Mark in the fourth quarter valued at approximately $5,143,000. State of Wisconsin Investment Board lifted its stake in Core-Mark by 15.2% in the third quarter. State of Wisconsin Investment Board now owns 378,200 shares of the business services provider’s stock valued at $12,155,000 after buying an additional 50,000 shares during the period. Finally, FMR LLC acquired a new position in Core-Mark in the second quarter valued at approximately $17,929,000.

Core-Mark (CORE) traded up $0.37 during trading hours on Wednesday, hitting $21.11. The stock had a trading volume of 217,397 shares, compared to its average volume of 383,964. The company has a market capitalization of $957.09, a PE ratio of 23.46, a P/E/G ratio of 1.55 and a beta of 0.58. 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 $19.81 and a 52 week high of $38.37.

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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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