Is Core-Mark (NASDAQ:CORE) Now a Sell? Why did Raymond James Downgrade The Stock?

September 8, 2018 - By Matthew Richard

Core-Mark Holding Company, Inc. (NASDAQ:CORE) Logo

Investors sentiment decreased to 1.05 in 2018 Q1. Its down 0.07, from 1.12 in 2017Q4. It worsened, as 18 investors sold Core-Mark Holding Company, Inc. shares while 45 reduced holdings. 22 funds opened positions while 44 raised stakes. 40.68 million shares or 2.18% less from 41.59 million shares in 2017Q4 were reported.

Tiaa Cref Invest Mgmt Lc holds 0% in Core-Mark Holding Company, Inc. (NASDAQ:CORE) or 174,399 shares. Millennium Mgmt owns 97,461 shares or 0% of their US portfolio. Envestnet Asset Mgmt Inc has 0% invested in Core-Mark Holding Company, Inc. (NASDAQ:CORE). Us National Bank & Trust De owns 254 shares for 0% of their portfolio. Frontier Capital Mngmt Co Ltd has 163,078 shares. Invesco Limited holds 77,472 shares or 0% of its portfolio. Metropolitan Life Insurance Co New York stated it has 0% in Core-Mark Holding Company, Inc. (NASDAQ:CORE). Point72 Asia (Hong Kong) Ltd invested 0.01% of its portfolio in Core-Mark Holding Company, Inc. (NASDAQ:CORE). 35,331 are owned by Manufacturers Life Insurance Comm The. Art Advisors Limited Liability Com holds 89,823 shares or 0.08% of its portfolio. Geode Cap owns 0% invested in Core-Mark Holding Company, Inc. (NASDAQ:CORE) for 439,501 shares. Supplemental Annuity Collective Of Nj owns 20,000 shares for 0.19% of their portfolio. Price T Rowe Assocs Incorporated Md stated it has 0.02% in Core-Mark Holding Company, Inc. (NASDAQ:CORE). Wells Fargo Mn has invested 0% in Core-Mark Holding Company, Inc. (NASDAQ:CORE). Nj State Employees Deferred Compensation Plan, a New Jersey-based fund reported 12,000 shares.

Since March 14, 2018, it had 6 insider buys, and 1 insider sale for $407,127 activity. THORNTON RANDOLPH I bought $182,610 worth of stock or 10,000 shares. $54,960 worth of Core-Mark Holding Company, Inc. (NASDAQ:CORE) was bought by Tepner Harvey L. The insider Rolheiser Eric sold 6,471 shares worth $145,598. ALLEN ROBERT A also bought $92,200 worth of Core-Mark Holding Company, Inc. (NASDAQ:CORE) on Wednesday, May 23. The insider COLTER GARY F bought $91,700. On Thursday, June 14 Flanagan Laura Jean bought $39,785 worth of Core-Mark Holding Company, Inc. (NASDAQ:CORE) or 1,930 shares.

Core-Mark (NASDAQ:CORE) Receives a Downgrade

The old rating for Core-Mark (NASDAQ:CORE) shares of a Strong Buy has been discontinued, as expert analysts at Raymond James decreased the current rating for Core-Mark (NASDAQ:CORE) shares to a Outperform.

Core-Mark Holding Company, Inc. (NASDAQ:CORE) Ratings Coverage

Among 2 analysts covering Core-Mark Holding Co (NASDAQ:CORE), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Core-Mark Holding Co has $30 highest and $21 lowest target. $30’s average target is -18.83% below currents $36.96 stock price. Core-Mark Holding Co had 3 analyst reports since May 9, 2018 according to SRatingsIntel. BMO Capital Markets maintained Core-Mark Holding Company, Inc. (NASDAQ:CORE) on Thursday, August 9 with “Market Perform” rating. As per Wednesday, August 8, the company rating was upgraded by Stephens. BMO Capital Markets maintained Core-Mark Holding Company, Inc. (NASDAQ:CORE) on Wednesday, May 9 with “Market Perform” rating.

It closed at $36.96 lastly. It is down 46.82% since September 8, 2017 and is downtrending. It has underperformed by 59.39% the S&P500.

Analysts await Core-Mark Holding Company, Inc. (NASDAQ:CORE) to report earnings on November, 6. They expect $0.45 EPS, up 21.62 % or $0.08 from last year’s $0.37 per share. CORE’s profit will be $20.67 million for 20.53 P/E if the $0.45 EPS becomes a reality. After $0.35 actual EPS reported by Core-Mark Holding Company, Inc. for the previous quarter, Wall Street now forecasts 28.57 % EPS growth.

Core-Mark Holding Company, Inc. markets fresh and broad-line supply solutions to the convenience retail industry. The company has market cap of $1.70 billion. The firm sells and distributes various food/non-food products, including cigarettes, fast food, candies, snacks, groceries, fresh products, dairy products, breads, beverages, other tobacco products, general merchandise and equipment, and health and beauty care products. It has a 50.56 P/E ratio. The Company’s clients include traditional convenience stores, such as national and super-regional convenience store operators, as well as independently owned convenience stores; and alternative outlets, which include grocery stores, drug stores, liquor stores, cigarette and tobacco shops, hotel gift shops, military exchanges, college and corporate campuses, casinos, hardware stores, airport concessions, and other specialty and small format stores that carry convenience products.

More recent Core-Mark Holding Company, Inc. (NASDAQ:CORE) news were published by: Benzinga.com which released: “Benzinga’s Top Upgrades, Downgrades For September 7, 2018” on September 07, 2018. Also Bizjournals.com published the news titled: “Exclusive: Dallas-Fort Worth area nabs another Fortune 500 company with headquarters relocation to Westlake” on September 06, 2018. Nasdaq.com‘s news article titled: “Analysis: Positioning to Benefit within Alamos Gold, Nomad Foods, MyoKardia, Mesoblast, Core-Mark Holding, and …” with publication date: August 21, 2018 was also an interesting one.

Core-Mark Holding Company, Inc. (NASDAQ:CORE) Institutional Positions Chart

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