Core & Main stock hits 52-week high at 60.73 USD

Core & Main Inc’s stock reached a 52-week high, hitting 60.73 USD, reflecting a significant upward trajectory over the past year. This peak underscores a substantial 24.66% increase in the company’s stock value over the last 12 months. The rise in stock price reflects strong financial performance, including 10.8% revenue growth and a healthy current ratio of 1.96. However, with a P/E ratio of 26.9, InvestingPro analysis suggests the stock may be trading above its Fair Value. As Core & Main continues to navigate market dynamics, this milestone marks a notable achievement in its stock performance, capturing the attention of investors and analysts alike.

In other recent news, Core & Main Inc. reported its Q1 2025 earnings with an earnings per share (EPS) of $0.52, aligning with analyst forecasts. The company’s revenue for the quarter reached $1.9 billion, exceeding expectations of $1.85 billion, marking a 10% year-over-year growth in net sales. Analysts from Barclays (LON:BARC) and RBC Capital have responded positively to these results, with Barclays raising Core & Main’s stock price target to $69 from $65 and maintaining an Overweight rating, while RBC Capital increased its target to $67 from $60, maintaining an Outperform rating. Both firms highlighted the company’s resilience and long-term growth potential, supported by strong municipal and infrastructure spending.

Loop Capital also adjusted its price target for Core & Main to $68 from $63, maintaining a Buy rating, citing the company’s solid gross margin and sales growth. Core & Main’s guidance for fiscal year 2025 remains unchanged, with expected net sales between $7.6 billion and $7.8 billion and adjusted EBITDA between $950 million and $1 billion. The company’s strategic positioning in water infrastructure investments is emphasized by its ongoing expansion plans, including the opening of 5-10 new locations in 2025. These developments indicate a stable outlook for Core & Main, with analysts expressing confidence in its market position and potential for future growth.

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