Core-Mark Holding (CORE) - Analysts’ Recent Ratings Changes

Several analysts have recently updated their ratings and price targets for Core-Mark Holding (NASDAQ: CORE):

• 7/25/2017 – Core-Mark Holding was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
• 7/12/2017 – Core-Mark Holding was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
• 7/10/2017 – Core-Mark Holding had its “buy” rating reaffirmed by analysts at Loop Capital. They now have a $40.00 price target on the stock.
• 7/5/2017 – Core-Mark Holding was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
• 6/23/2017 – Core-Mark Holding had its “hold” rating reaffirmed by analysts at Jefferies Group LLC.
• 6/22/2017 – Core-Mark Holding was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.

Core-Mark Holding Company, Inc. (NASDAQ CORE) traded up 1.15% during trading on Wednesday, reaching $37.96. The company’s stock had a trading volume of 203,954 shares. Core-Mark Holding Company, Inc. has a 12 month low of $30.00 and a 12 month high of $49.29. The stock’s 50 day moving average is $34.61 and its 200 day moving average is $34.35. The company has a market cap of $1.76 billion, a price-to-earnings ratio of 34.73 and a beta of 0.85.

Core-Mark Holding (NASDAQ:CORE) last released its quarterly earnings results on Tuesday, May 9th. The business services provider reported $0.11 earnings per share 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 the consensus estimate of $3.39 billion. Core-Mark Holding had a return on equity of 11.42% and a net margin of 0.34%. The company’s revenue for the quarter was up 16.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.17 EPS. On average, equities analysts expect that Core-Mark Holding Company, Inc. will post $1.49 EPS for the current fiscal year.

In other Core-Mark Holding news, VP William Stein sold 7,500 shares of the company’s stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $35.91, for a total transaction of $269,325.00. Following the completion of the sale, the vice president now directly owns 73,402 shares in the company, valued at $2,635,865.82. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Scott E. Mcpherson sold 10,000 shares of the company’s stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $35.33, for a total transaction of $353,300.00. Following the sale, the senior vice president now owns 144,651 shares of the company’s stock, valued at $5,110,519.83. The disclosure for this sale can be found here. In the last three months, insiders sold 40,970 shares of company stock worth $1,435,622. 2.50% of the stock is owned by insiders.

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.