Core-Mark Holding Company, Inc. (NASDAQ:CORE) has been given a consensus rating of “Hold” by the six analysts that are covering the company. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $41.33.
Several research analysts have issued reports on the stock. Zacks Investment Research cut shares of Core-Mark Holding Company from a “hold” rating to a “sell” rating in a report on Thursday, May 11th. Loop Capital assumed coverage on shares of Core-Mark Holding Company in a report on Monday, May 15th. They issued a “buy” rating and a $40.00 target price for the company. Raymond James Financial, Inc. reaffirmed an “outperform” rating on shares of Core-Mark Holding Company in a report on Wednesday, May 10th. Jefferies Group LLC set a $35.00 target price on shares of Core-Mark Holding Company and gave the stock a “hold” rating in a report on Monday, May 8th. Finally, TheStreet cut shares of Core-Mark Holding Company from a “b” rating to a “c+” rating in a report on Wednesday, March 8th.
Core-Mark Holding Company (NASDAQ:CORE) last issued its earnings results on Tuesday, May 9th. The business services provider reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by $0.08. The firm had revenue of $3.50 billion during the quarter, compared to analysts’ expectations of $3.39 billion. Core-Mark Holding Company had a return on equity of 11.72% and a net margin of 0.39%. The firm’s quarterly revenue was up 16.4% on a year-over-year basis. During the same period last year, the firm posted $0.17 earnings per share.
The company also recently announced 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. The ex-dividend date of this dividend is Tuesday, May 23rd. This represents a $0.36 annualized dividend and a yield of 1.07%. Core-Mark Holding Company’s dividend payout ratio (DPR) is presently 31.72%.
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Hedge funds and other institutional investors have recently modified their holdings of the company. UBS Group AG boosted its position 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 valued at $107,000 after buying an additional 802 shares during the period. Victory Capital Management Inc. boosted its position 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 valued at $119,000 after buying an additional 1,503 shares during the period. Quantbot Technologies LP boosted its position 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 valued at $119,000 after buying an additional 3,234 shares during the period. Ameritas Investment Partners Inc. purchased a new position in shares of Core-Mark Holding Company during the first quarter valued at 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 in the last quarter. 98.63% of the stock is 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.
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