Core-Mark Holding Company, Inc. (NASDAQ:CORE) has been given a consensus recommendation of “Hold” by the ten brokerages that are covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $26.20.
A number of analysts have recently issued reports on the stock. BidaskClub lowered shares of Core-Mark from a “hold” rating to a “sell” rating in a research report on Friday, December 22nd. Zacks Investment Research raised shares of Core-Mark from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 2nd. William Blair began coverage on shares of Core-Mark in a research report on Wednesday, January 3rd. They set an “outperform” rating on the stock. BMO Capital Markets began coverage on shares of Core-Mark in a research report on Friday, January 5th. They set a “market perform” rating and a $33.00 price objective on the stock. Finally, Stephens lowered shares of Core-Mark from an “overweight” rating to an “equal weight” rating in a research report on Friday, January 5th.
Core-Mark (NASDAQ CORE) traded up $0.07 during mid-day trading on Friday, hitting $22.57. 14,243 shares of the company were exchanged, compared to its average volume of 342,639. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.06 and a current ratio of 2.13. Core-Mark has a 1-year low of $19.53 and a 1-year high of $38.37. The firm has a market cap of $1,044.32, a PE ratio of 31.25, a PEG ratio of 1.70 and a beta of 0.65.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Monday, March 12th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date is Friday, March 9th. Core-Mark’s dividend payout ratio is 55.56%.
Several large investors have recently added to or reduced their stakes in the company. MetLife Investment Advisors LLC bought a new position in shares of Core-Mark in the fourth quarter valued at approximately $685,000. Millennium Management LLC bought a new position in shares of Core-Mark in the fourth quarter valued at approximately $784,000. Teachers Advisors LLC grew its stake in shares of Core-Mark by 5.4% in the fourth quarter. Teachers Advisors LLC now owns 148,236 shares of the business services provider’s stock worth $4,681,000 after acquiring an additional 7,594 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Core-Mark by 64.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 140,184 shares of the business services provider’s stock worth $4,427,000 after acquiring an additional 54,927 shares during the last quarter. Finally, Stone Ridge Asset Management LLC acquired a new stake in shares of Core-Mark in the fourth quarter worth $813,000. 97.82% of the stock is currently owned by institutional investors.
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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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