Core-Mark stock: buy or sell?
August 22nd, 2019
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.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
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.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-3-5||BMO Capital Markets||n/a||Market Perform|
Core-Mark stock analysis
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-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-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 $37.50Predicting 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:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-3-5||BMO Capital Markets||Raises Target||n/a||$38.00||-|
|2019-3-4||Raymond James||Raises Target||$36.00||$39.00||8.3%|
|2019-3-4||Loop Capital||Raises Target||n/a||$43.00||-|
Financials and fundamental analysis
Earnings date and Earnings per ShareOn 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.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsCompared 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.
|2013||$9,770 M||-||$42 M0.4%||-|
|2014||$10,280 M||5.22%||$43 M0.4%||2.64%|
|2015||$11,069 M||7.68%||$52 M0.5%||20.61%|
|2016||$14,529 M||31.26%||$54 M0.4%||5.24%|
|2017||$15,688 M||7.97%||$34 M0.2%||-38.19%|
|2018||$16,395 M||4.51%||$46 M0.3%||35.82%|
Quarterly financial resultsCore-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%.
|2017-Q1||$3,500 M||-||$2 M0.1%||-|
|2017-Q2||$3,800 M||8.57%||$7 M0.2%||228.57%|
|2017-Q3||$4,311 M||13.44%||$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 M||11.05%||$11 M0.3%||-946.15%|
|2018-Q3||$4,273 M||1.10%||$24 M0.6%||115.45%|
|2018-Q4||$4,090 M||-4.29%||$12 M0.3%||-48.95%|
Core-Mark ownershipWhen 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:
|Market cap||$1.5 B||$1.2 B||$50.7 M||$404.5 M||$37.7 B|
|Total shares||45.9 M||29.9 M||0.6 M||36.3 M||514.0 M|
|Float shares||44.9 M||24.9 M||0.2 M||35.1 M||512.7 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 selling||0.0%||0.0%||0.0%||0.0%||0.0%|
|Thursday, August 22nd, 2019|
|Day range||$31.98 - $32.77|
|Average true range||$1.39|
|50d mov avg||$36.79|
|100d mov avg||$37.04|
|200d mov avg||$33.23|
Core-Mark performancePerformance 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.
|CHEFThe Chefs' Wa...||14.70%||21.73%||35.85%|
|UNFIUnited Natural Fo...||-28.82%||-44.82%||-76.64%|
|WILCG. Willi-Food Int...||10.70%||26.67%||51.45%|