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

Shares of Core-Mark Holding Company, Inc. (NASDAQ:CORE) have received an average recommendation of “Hold” from the six analysts that are covering the stock. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $41.33.

Several equities analysts recently commented on the stock. Zacks Investment Research lowered shares of Core-Mark Holding Company from a “hold” rating to a “sell” rating in a report on Thursday, May 11th. Jefferies Group LLC set a $35.00 target price on shares of Core-Mark Holding Company and gave the company a “hold” rating in a report on Monday, May 8th. Loop Capital assumed coverage on shares of Core-Mark Holding Company in a report on Monday, May 15th. They set a “buy” rating and a $40.00 target price on the stock. Raymond James Financial, Inc. reaffirmed an “outperform” rating on shares of Core-Mark Holding Company in a report on Wednesday, May 10th. Finally, TheStreet lowered shares of Core-Mark Holding Company from a “b” rating to a “c+” rating in a report on Wednesday, March 8th.

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Core-Mark Holding Company (NASDAQ:CORE) last released its earnings results on Tuesday, May 9th. The business services provider reported $0.11 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by $0.08. Core-Mark Holding Company had a net margin of 0.39% and a return on equity of 11.72%. The business had revenue of $3.50 billion for the quarter, compared to the consensus estimate of $3.39 billion. During the same period in the prior year, the business posted $0.17 EPS. Core-Mark Holding Company’s revenue for the quarter was up 16.4% on a year-over-year basis.

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 22nd. Shareholders of record on Thursday, May 25th will be issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date of this dividend is Tuesday, May 23rd. Core-Mark Holding Company’s dividend payout ratio (DPR) is presently 31.72%.

Large investors have recently made changes to their positions in the company. UBS Group AG raised its stake in shares of Core-Mark Holding Company by 30.6% in the first quarter. UBS Group AG now owns 3,423 shares of the business services provider’s stock worth $107,000 after buying an additional 802 shares during the period. Quantbot Technologies LP raised its stake in shares of Core-Mark Holding Company by 550.9% in the first quarter. Quantbot Technologies LP now owns 3,821 shares of the business services provider’s stock worth $119,000 after buying an additional 3,234 shares during the period. Victory Capital Management Inc. raised its stake in shares of Core-Mark Holding Company by 65.1% in the first quarter. Victory Capital Management Inc. now owns 3,811 shares of the business services provider’s stock worth $119,000 after buying an additional 1,503 shares during the period. Ameritas Investment Partners Inc. purchased a new stake in shares of Core-Mark Holding Company during the first quarter worth about $123,000. Finally, Sei Investments Co. raised its stake in shares of Core-Mark Holding Company by 64.0% in the third quarter. Sei Investments Co. now owns 4,448 shares of the business services provider’s stock worth $159,000 after buying an additional 1,736 shares during the period. 98.63% of the stock is currently owned by institutional investors and hedge funds.

Core-Mark Holding Company 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.

12 Month Chart for NASDAQ:CORE

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