Core-Mark stock: buy or sell?

CORE stock price: $32.47 0.62% At close on August 22nd, 2019

Updated on:
August 22nd, 2019

0

Core-Mark shares appreciated 0.62% to $32.47 today.

Core-Mark Holding Company, Inc. markets fresh and broad-line supply solutions to the convenience retail industry. The company sells and distributes various food\u002Fnon-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.

Should I buy Core-Mark stock?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. That's why is so important to define your own trading strategy that fits your character as inversor. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.

Currently, Core-Mark stock doesn't match any of these trading strategies, so our recommendation is not to buy.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This doesn't mean CORE will fall in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems.

Is Core-Mark stock a buy?

Financial institutions and banks publish stock ratings everyday. At Stocks2.com, we gathered 5 ratings published for CORE stock in the last 30 days.

The general sentiment of these ratings is bullish for CORE stock, with 3 positive ratings.
Is CORE a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-3-5BMO Capital Marketsn/aMarket Perform
2019-3-4Raymond JamesOutperformOutperform
2019-3-4Loop Capitaln/aBuy
2019-1-3SidotiNeutralBuy
2019-1-15SidotiBuyNeutral

Core-Mark stock analysis

Daily outlook

Core-Mark closed today at $32.47 and appreciated a tiny 0.62%.

Core-Mark shares appreciated 0.62% to $32.47 today. Since price and SMA200d lines crossed down on August/14, CORE fell $-1.07 per share (-3.19%). Since SMA100d and SMA200d crossed up on May, CORE price slid a -9.28%.

CORE stock chart (daily)

Weekly outlook

Core-Mark shares fell -2.52% this week, ending at $32.47. Late July CORE collapsed a hair-raising -8.59% in just one week. With this, it's been 4 red weeks in a row, sliding $-5.47 or a -14.47%.

Since late April when SMA20w and SMA40w crossed up, CORE price slipped $-3.63 per share (-10.06%). Since early January when CORE stock price broke up the SMA40w line, it gained $7.18 (28.39%).

CORE stock chart (weekly)

Core-Mark stock price history

Core-Mark IPO was on April 13th, 2005 at $5.72 per share1. Since then, CORE stock grew a 467.70%, with an average of 33.40% per year. If you had invested right after CORE's IPO a $1,000 in Core-Mark stock in 2005, it would worth $4,677.00 today.

1: Adjusted price after possible price splits or reverse-splits.

Core-Mark stock historical price chart

CORE stock reached 52-week highs on July at $40.81, and all-time highs 2016-07-25 with a price of 47.94.

Core-Mark stock price target is $37.50

Predicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. However, many stock price predictions are published every day by banks, financial institutions and independent analysts. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. For the last month we found 4 price predictions for CORE stock:
CORE stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-3-5BMO Capital MarketsRaises Targetn/a$38.00-
2019-3-4Raymond JamesRaises Target$36.00$39.008.3%
2019-3-4Loop CapitalRaises Targetn/a$43.00-
2019-1-15SidotiDowngradesn/a$30.00-
(in average)$36.00$37.504.0%
Moving in a range from $43.00 and $30.00, the price forecast for Core-Mark stock is $37.50. In average, analysts' outlook on CORE price target is positive, improving the target by a 4.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

On March, Core-Mark presented its financial report, posting a remarkable gain for the Earnings per Share (EPS). Experts were expecting $0.30 per share, but Core-Mark posted $0.34.
CORE earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q1-n/an/an/a
2017-Q2-n/an/an/a
2017-Q32017-11-070.430.37-14.0%
2017-Q42018-03-010.280.3317.9%
2018-Q12018-05-080.060.0716.7%
2018-Q22018-08-070.270.3529.6%
2018-Q32018-11-060.460.6337.0%
2018-Q42019-03-010.30.3413.3%
2019-Q1-n/an/an/a
2019-Q2-n/an/an/a

Annual financial results

Compared to 2017, last anual revenues report draw a good gain of 4.51% to $16,395.30 M dollars. However, its income margin (compared to revenues) stayed steady to 0.28%, that is $45.50 million.

CORE annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$9,770 M-$42 M0.4%-
2014$10,280 M5.22%$43 M0.4%2.64%
2015$11,069 M7.68%$52 M0.5%20.61%
2016$14,529 M31.26%$54 M0.4%5.24%
2017$15,688 M7.97%$34 M0.2%-38.19%
2018$16,395 M4.51%$46 M0.3%35.82%

Quarterly financial results

Core-Mark posted $4,089.70 M in revenues for 2018-Q4, a -4.29% less compared to previous quarter. Reported quarter income marked $12.10 million with a profit margin of 0.30%. Profit margin remained constant a -0.26% compared to previous quarter when profit margin was 0.55%. When comparing revenues to same quarter last year, Core-Mark sales marked a neutral move and stayed stable a 0.43%.
CORE quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q1$3,500 M-$2 M0.1%-
2017-Q2$3,800 M8.57%$7 M0.2%228.57%
2017-Q3$4,311 M13.44%$14 M0.3%98.55%
2017-Q4$4,072 M-5.54%$11 M0.3%-21.17%
2018-Q1$3,806 M-6.53%$-1 M-0.0%-112.04%
2018-Q2$4,227 M11.05%$11 M0.3%-946.15%
2018-Q3$4,273 M1.10%$24 M0.6%115.45%
2018-Q4$4,090 M-4.29%$12 M0.3%-48.95%

Core-Mark ownership

When you are planning to buy shares of a stock, it's worth to review its ownership structure.

Core-Mark shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 2.35% of all shares.

Bearish positions for CORE stock account 0.00%, no big difference from last month.

The following table compares ownership indicators for other stocks related to Core-Mark:

CORECHEFDITSPTNSYY
Market cap$1.5 B$1.2 B$50.7 M$404.5 M$37.7 B
Total shares45.9 M29.9 M0.6 M36.3 M514.0 M
Float shares44.9 M24.9 M0.2 M35.1 M512.7 M
  - Institutional holdings (%)93.9%87.6%14.6%89.1%81.7%
  - Insider holdings (%)2.4%16.3%58.9%2.9%0.2%
Shares in short selling0.0%0.0%0.0%0.0%0.0%

Core-Mark summary

Thursday, August 22nd, 2019
Open$32.22
Close$32.47
Day range$31.98 - $32.77
Previous close$32.27
Session gain0.62%
Average true range$1.39
50d mov avg$36.79
100d mov avg$37.04
200d mov avg$33.23
Daily patternlt03a
Weekly pattern

Core-Mark performance

Performance as an absolute value is never valid if it's not benchmarked against competitors or related stocks in the industry. For Core-Mark, the benchmark is made against The Chefs' Warehouse, AMCON Distributing, SpartanNash, Sysco, United Natural Foods and G. Willi-Food International.
Stock3m6m12m
CORECore-Mark-14.64%4.81%-7.18%
CHEFThe Chefs' Wa...14.70%21.73%35.85%
DITAMCON Distributin...1.60%-5.31%-16.14%
SPTNSpartanNash-12.28%-40.74%-45.66%
SYYSysco-1.81%10.09%-1.07%
UNFIUnited Natural Fo...-28.82%-44.82%-76.64%
WILCG. Willi-Food Int...10.70%26.67%51.45%

Core-Mark competitors

One check before investing in any stock is to review a list of its competitors, in this case for Core-Mark. We chose 6 companies as Core-Mark competitors as they are in the same industry or have similar market objectives.