Core & Main (CNM) Ascends But Remains Behind Market: Some Facts to Note
In the most recent trading session, Core & Main (CNM) closed at $47.53, indicating a +0.23% shift from the previous trading day.
Core & Main: Good Growth Prospects And Attractively Valued
Core & Main, Inc. (CNM) has strong growth prospects due to aging infrastructure, reshoring trends, and a recovering residential market as interest rates decline. The company's margin outlook is positive, with expected pricing improvements in 2025 and SG&A leverage from increased volumes, supporting a buy rating. CNM's valuation is attractive compared to high-quality distributor peers, with potential for re-rating as it continues to execute well and achieve solid EPS growth.
Core & Main (CNM) Stock Sinks As Market Gains: Here's Why
Core & Main (CNM) closed at $53.55 in the latest trading session, marking a -1.91% move from the prior day.
Why Core & Main (CNM) Outpaced the Stock Market Today
In the latest trading session, Core & Main (CNM) closed at $54.84, marking a +0.26% move from the previous day.
Core & Main (CNM) Stock Declines While Market Improves: Some Information for Investors
In the most recent trading session, Core & Main (CNM) closed at $54.48, indicating a -0.29% shift from the previous trading day.
Core & Main (CNM) Laps the Stock Market: Here's Why
In the most recent trading session, Core & Main (CNM) closed at $56.73, indicating a +1.21% shift from the previous trading day.
4 Manufacturing Tools Stocks to Watch on Prospering Industry Trends
The Zacks Manufacturing-Tools & Related Products industry has been gaining from strength across end markets, along with robust demand for machine tools in the industrial and automotive sectors. SWK, CNM, LECO and KMT are notable stocks in the industry.
Core & Main (CNM) Upgraded to Buy: Here's Why
Core & Main (CNM) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Core & Main (CNM) Recently Broke Out Above the 200-Day Moving Average
Core & Main (CNM) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, CNM crossed above the 200-day moving average, suggesting a long-term bullish trend.
Core & Main: Demand Outlook For FY25 Is Positive
I reiterate a buy rating for CNM due to strong 3Q24 results, upgraded FY24 guidance, and a positive demand outlook for FY25. CNM's 3Q24 revenue of $2.038 billion and adj EBITDA of $277 million beat consensus, driven by acquisitions and volume growth. The positive FY25 outlook supported by favorable macroeconomic conditions, potential interest rate cuts, and increased infrastructure investments, despite short-term margin pressures.
Core & Main: Despite A Stellar Quarter, Market-Beating Upside Is Unlikely
Core & Main's Q3 2024 results exceeded expectations, with revenue up 11.5% to $2.04 billion and EPS rising from $0.65 to $0.69. Despite strong performance, mixed cash flow metrics and high valuation justify maintaining a 'hold' rating for the stock. Management's commitment to growth is evident with 10 acquisitions this year, aiming for 2-4% annual organic and acquisition-driven revenue growth.
Core & Main Stock Soars on Strong Results, Boosted Outlook
Core & Main (CNM) shares soared 15% Tuesday as the company reported better-than-expected results and raised its outlook as it benefited from acquisitions.
