Media stories about Core-Mark (NASDAQ:CORE) have been trending somewhat positive on Saturday, according to Accern Sentiment. The research group ranks the sentiment of news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Core-Mark earned a news impact score of 0.13 on Accern’s scale. Accern also gave media coverage about the business services provider an impact score of 46.7220660371525 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the headlines that may have impacted Accern Sentiment’s analysis:
- Brokerages Anticipate Core-Mark Holding Company, Inc. (CORE) Will Post Quarterly Sales of $3.81 Billion (americanbankingnews.com)
- Zacks Investment Research Downgrades Core-Mark (CORE) to Sell (americanbankingnews.com)
- Core-Mark (CORE) Given a $25.00 Price Target at Stephens (americanbankingnews.com)
- Brokerages Anticipate Core-Mark Holding Company, Inc. (CORE) Will Announce Earnings of $0.03 Per Share (americanbankingnews.com)
- Core-Mark (CORE) Downgraded to “Strong Sell” at BidaskClub (americanbankingnews.com)
NASDAQ CORE opened at $21.26 on Friday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.06 and a current ratio of 2.13. The company has a market cap of $981.10, a price-to-earnings ratio of 21.26, a P/E/G ratio of 1.60 and a beta of 0.65. Core-Mark has a 1-year low of $19.53 and a 1-year high of $38.37.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 29th. Shareholders of record on Monday, March 12th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date was Friday, March 9th. Core-Mark’s payout ratio is 40.00%.
Several equities analysts recently issued reports on the company. William Blair assumed coverage on Core-Mark in a research note on Wednesday, January 3rd. They set an “outperform” rating on the stock. ValuEngine lowered Core-Mark from a “hold” rating to a “sell” rating in a research note on Thursday, March 1st. Zacks Investment Research upgraded Core-Mark from a “sell” rating to a “hold” rating in a research note on Friday, March 9th. BMO Capital Markets set a $23.00 price target on Core-Mark and gave the company a “hold” rating in a research note on Friday, March 2nd. Finally, Stephens set a $23.00 price target on Core-Mark and gave the company a “hold” rating in a research note on Friday, March 2nd. Two research analysts have rated the stock with a sell rating, four have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Core-Mark currently has a consensus rating of “Hold” and an average price target of $28.17.
In other Core-Mark news, insider Eric Rolheiser sold 6,471 shares of Core-Mark stock in a transaction that occurred on Wednesday, March 14th. The stock was sold at an average price of $22.50, for a total transaction of $145,597.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.40% of the stock is currently owned by insiders.
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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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