Nucor earnings beat by $0.08, revenue fell short of estimates
Core & Main Inc. (CNM), a leading specialized distributor of water, wastewater, storm drainage and fire protection products, has reached a new 52-week high, with its stock price soaring to $59.35. This milestone reflects a significant uptrend in the company’s market performance, marking a substantial 24.73% increase over the past year. Investors have shown increased confidence in Core & Main’s strategic initiatives and growth prospects, which have been instrumental in driving the stock’s value to this new height. The company’s robust performance and the positive investor sentiment underscore its strong position in the industry and its potential for continued growth in the market. With analyst price targets ranging from $40 to $77, investors seeking deeper insights can access comprehensive analysis and additional ProTips through InvestingPro’s detailed research reports.
In other recent news, Core & Main Inc. reported financial results that have sparked varied responses from analysts. The company announced fourth-quarter adjusted EBITDA of $179 million, aligning with consensus estimates, and projected fiscal year 2025 revenues between $7.6 billion and $7.8 billion, slightly above some analyst expectations. RBC Capital Markets adjusted its price target for Core & Main to $60, maintaining an Outperform rating, and noted a slight decrease in expected EBITDA for 2025. Meanwhile, Goldman Sachs reduced its price target to $56, keeping a Neutral rating and highlighting the potential for improved margins. Barclays (LON:BARC) maintained an Overweight rating with a $65 price target, citing stable gross margins and a positive revenue outlook.
Truist Securities reiterated a Hold rating with a $56 price target, reflecting on the company’s guidance that suggests modest growth on flat pricing. JPMorgan also reiterated an Overweight rating with a $54 target, emphasizing the company’s sales growth and cash flow performance. Core & Main’s management has forecasted growth in both EBITDA and revenue for 2025, supported by stable pricing and end markets. The company has also been involved in strategic moves, such as stock repurchases and management changes, which analysts are closely monitoring. These recent developments indicate a cautious yet optimistic outlook for Core & Main in the coming fiscal year.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.