Core & Main (CNM) Stock Forecast, Price Target & Predictions
CNM Stock Forecast
Core & Main stock forecast is as follows: an average price target of $50.00 (represents a 11.31% upside from CNM’s last price of $44.92) and a rating consensus of 'Buy', based on 11 wall street analysts offering a 1-year stock forecast.
CNM Price Target
The average price target for Core & Main (CNM) is $50.00 based on 1-year price targets from 11 Wall Street analysts in the past 3 months, with a price target range of $65.00 to $38.00. This represents a potential 11.31% upside from CNM's last price of $44.92.
CNM Analyst Ratings
According to 11 Wall Street analysts, Core & Main's rating consensus is 'Buy'. The analyst rating breakdown for CNM stock is 0 'Strong Buy' (0.00%), 8 'Buy' (72.73%), 3 'Hold' (27.27%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Core & Main Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Sep 23, 2024 | Sam Reid | Wells Fargo | $52.00 | $43.41 | 19.79% | 15.76% |
| Sep 05, 2024 | Jeffrey Stevenson | Loop Capital Markets | $52.00 | $39.77 | 30.77% | 15.76% |
| Sep 05, 2024 | Keith Hughes | Truist Financial | $38.00 | $39.72 | -4.33% | -15.41% |
| Sep 05, 2024 | Mike Dahl | RBC Capital | $53.00 | $39.75 | 33.33% | 17.99% |
| Jun 05, 2024 | Keith Hughes | Truist Financial | $50.00 | $47.98 | 4.21% | 11.31% |
| Jun 04, 2024 | Mike Dahl | RBC Capital | $60.00 | $48.34 | 24.12% | 33.57% |
| Mar 20, 2024 | Matthew Bouley | Barclays | $65.00 | $55.51 | 17.10% | 44.70% |
| Dec 04, 2023 | Matthew Bouley | Barclays | $38.00 | $35.92 | 5.79% | -15.41% |
| Dec 04, 2023 | Nigel Coe | Wolfe Research | $40.00 | $35.92 | 11.36% | -10.95% |
| Jun 15, 2022 | Mike Dahl | RBC Capital | $28.00 | $22.29 | 25.62% | -37.67% |
The latest Core & Main stock forecast, released on Sep 23, 2024 by Sam Reid from Wells Fargo, set a price target of $52.00, which represents a 19.79% increase from the stock price at the time of the forecast ($43.41), and a 15.76% increase from CNM last price ($44.92).
Core & Main Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 4 | 9 |
| Avg Price Target | - | $48.75 | $49.78 |
| Last Closing Price | $44.92 | $44.92 | $44.92 |
| Upside/Downside | -100.00% | 8.53% | 10.82% |
In the current month, the average price target of Core & Main stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Core & Main's last price of $44.92. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Sep 23, 2024 | Wells Fargo | - | Overweight | Initialise |
| Sep 05, 2024 | Loop Capital Markets | Buy | Buy | Hold |
| Sep 05, 2024 | RBC Capital | Outperform | Outperform | Hold |
| Jun 05, 2024 | Truist Financial | Buy | Buy | Hold |
| Jun 05, 2024 | Loop Capital Markets | Buy | Buy | Hold |
| Jun 05, 2024 | Citigroup | Neutral | Neutral | Hold |
| Jun 04, 2024 | RBC Capital | Outperform | Outperform | Hold |
| Apr 05, 2024 | Citigroup | Hold | Neutral | Downgrade |
| Mar 20, 2024 | Loop Capital Markets | Underperform | Underperform | Hold |
| Mar 20, 2024 | RBC Capital | Buy | Buy | Hold |
Core & Main's last stock rating was published by Wells Fargo on Sep 23, 2024. The company Initialise its CNM rating from "null" to "Overweight".
Core & Main Financial Forecast
Core & Main Revenue Forecast
| Apr 26 | Jan 26 | Oct 25 | Jul 25 | Apr 25 | Jan 25 | Oct 24 | Jul 24 | Apr 24 | Jan 24 | Oct 23 | Jul 23 | Apr 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | $1.44B | $1.83B | $1.86B | $1.57B | $1.37B | $1.82B | $1.86B | - | $1.25B | $1.40B | - |
| Avg Forecast | $2.69B | $1.68B | $2.09B | $2.08B | $1.83B | $1.64B | $1.99B | $2.06B | $1.72B | $1.43B | $1.82B | $1.86B | $1.60B | $1.38B | $1.69B | $1.67B | $1.40B | $1.15B | $1.30B | $1.23B |
| High Forecast | $2.77B | $1.73B | $2.16B | $2.14B | $1.89B | $1.67B | $2.00B | $2.06B | $1.72B | $1.43B | $1.88B | $1.91B | $1.65B | $1.42B | $1.73B | $1.71B | $1.43B | $1.18B | $1.33B | $1.26B |
| Low Forecast | $2.63B | $1.65B | $2.05B | $2.03B | $1.80B | $1.62B | $1.95B | $2.05B | $1.72B | $1.43B | $1.81B | $1.82B | $1.56B | $1.35B | $1.66B | $1.63B | $1.37B | $1.13B | $1.27B | $1.20B |
| # Analysts | 5 | 5 | 2 | 2 | 2 | 6 | 6 | 3 | 3 | 3 | 6 | 5 | 5 | 5 | 2 | 2 | 2 | 2 | 3 | 3 |
| Surprise % | - | - | - | - | - | - | - | - | - | 1.01% | 1.00% | 1.00% | 0.99% | 1.00% | 1.07% | 1.11% | - | 1.08% | 1.08% | - |
Core & Main's average Quarter revenue forecast for Apr 24 based on 3 analysts is $1.72B, with a low forecast of $1.72B, and a high forecast of $1.72B. CNM's average Quarter revenue forecast represents a 19.60% increase compared to the company's last Quarter revenue of $1.44B (Jan 24).
Core & Main EBITDA Forecast
| Apr 26 | Jan 26 | Oct 25 | Jul 25 | Apr 25 | Jan 25 | Oct 24 | Jul 24 | Apr 24 | Jan 24 | Oct 23 | Jul 23 | Apr 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 5 | 2 | 2 | 2 | 6 | 6 | 3 | 3 | 3 | 6 | 5 | 5 | 5 | 2 | 2 | 2 | 2 | 3 | 3 |
| EBITDA | - | - | - | - | - | - | - | - | - | $141.00M | $208.00M | $209.00M | $218.00M | $160.00M | $271.00M | $274.00M | - | $114.90M | $139.40M | - |
| Avg Forecast | $294.84M | $184.32M | $229.31M | $227.64M | $201.08M | $180.08M | $218.11M | $225.43M | $103.92M | $156.55M | $200.10M | $203.53M | $82.15M | $111.68M | $191.81M | $189.33M | $74.69M | $130.44M | $152.39M | $139.58M |
| High Forecast | $304.30M | $190.24M | $236.67M | $234.95M | $207.54M | $183.43M | $219.20M | $225.82M | $124.71M | $156.62M | $206.53M | $210.07M | $98.58M | $134.02M | $196.02M | $193.52M | $89.62M | $133.33M | $182.86M | $142.67M |
| Low Forecast | $288.79M | $180.55M | $224.61M | $222.98M | $196.96M | $177.84M | $213.64M | $225.04M | $83.14M | $156.48M | $199.01M | $199.36M | $65.72M | $89.35M | $187.53M | $185.14M | $59.75M | $127.56M | $121.91M | $136.49M |
| Surprise % | - | - | - | - | - | - | - | - | - | 0.90% | 1.04% | 1.03% | 2.65% | 1.43% | 1.41% | 1.45% | - | 0.88% | 0.91% | - |
3 analysts predict CNM's average Quarter EBITDA for Apr 24 to be $103.92M, with a high of $124.71M and a low of $83.14M. This is -26.29% lower than Core & Main's previous annual EBITDA (Jan 24) of $141.00M.
Core & Main Net Income Forecast
| Apr 26 | Jan 26 | Oct 25 | Jul 25 | Apr 25 | Jan 25 | Oct 24 | Jul 24 | Apr 24 | Jan 24 | Oct 23 | Jul 23 | Apr 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 5 | 2 | 2 | 2 | 6 | 6 | 3 | 3 | 3 | 6 | 5 | 5 | 5 | 2 | 2 | 2 | 2 | 3 | 3 |
| Net Income | - | - | - | - | - | - | - | - | - | $63.00M | $112.00M | $110.00M | $133.00M | $84.00M | $178.00M | $182.00M | - | $78.80M | $64.40M | - |
| Avg Forecast | $131.73M | $81.36M | $152.58M | $145.42M | $108.43M | $71.85M | $132.65M | $146.31M | $43.14M | $66.35M | $135.04M | $135.25M | $34.11M | $51.60M | $112.29M | $103.51M | $31.00M | $47.49M | $38.87M | $14.99M |
| High Forecast | $137.23M | $84.75M | $158.95M | $151.49M | $112.96M | $76.21M | $136.74M | $148.65M | $51.77M | $66.79M | $142.98M | $140.90M | $40.93M | $61.91M | $115.50M | $106.49M | $37.21M | $48.85M | $46.64M | $15.42M |
| Low Forecast | $128.22M | $79.19M | $148.51M | $141.54M | $105.54M | $67.50M | $124.49M | $143.97M | $34.51M | $65.90M | $125.11M | $131.65M | $27.28M | $41.28M | $109.03M | $100.53M | $24.80M | $46.12M | $31.09M | $14.56M |
| Surprise % | - | - | - | - | - | - | - | - | - | 0.95% | 0.83% | 0.81% | 3.90% | 1.63% | 1.59% | 1.76% | - | 1.66% | 1.66% | - |
Core & Main's average Quarter net income forecast for Apr 24 is $43.14M, with a range of $34.51M to $51.77M. CNM's average Quarter net income forecast represents a -31.52% decrease compared to the company's last Quarter net income of $63.00M (Jan 24).
Core & Main SG&A Forecast
| Apr 26 | Jan 26 | Oct 25 | Jul 25 | Apr 25 | Jan 25 | Oct 24 | Jul 24 | Apr 24 | Jan 24 | Oct 23 | Jul 23 | Apr 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 5 | 2 | 2 | 2 | 6 | 6 | 3 | 3 | 3 | 6 | 5 | 5 | 5 | 2 | 2 | 2 | 2 | 3 | 3 |
| SG&A | - | - | - | - | - | - | - | - | - | $230.00M | $240.00M | $238.00M | $223.00M | $213.00M | $231.00M | $230.00M | - | $183.40M | $187.90M | - |
| Avg Forecast | $385.56M | $241.04M | $299.86M | $297.69M | $262.96M | $235.49M | $285.22M | $294.80M | $165.88M | $204.72M | $261.67M | $266.16M | $131.13M | $150.54M | $242.53M | $239.40M | $119.21M | $164.94M | $281.31M | $176.49M |
| High Forecast | $397.94M | $248.78M | $309.49M | $307.24M | $271.40M | $239.88M | $286.64M | $295.31M | $199.06M | $204.81M | $270.07M | $274.70M | $157.36M | $180.65M | $247.86M | $244.70M | $143.05M | $168.59M | $337.57M | $180.40M |
| Low Forecast | $377.66M | $236.10M | $293.72M | $291.59M | $257.57M | $232.56M | $279.37M | $294.29M | $132.70M | $204.62M | $260.24M | $260.70M | $104.90M | $120.43M | $237.12M | $234.09M | $95.37M | $161.29M | $225.05M | $172.58M |
| Surprise % | - | - | - | - | - | - | - | - | - | 1.12% | 0.92% | 0.89% | 1.70% | 1.41% | 0.95% | 0.96% | - | 1.11% | 0.67% | - |
Core & Main's average Quarter SG&A projection for Apr 24 is $165.88M, based on 3 Wall Street analysts, with a range of $132.70M to $199.06M. The forecast indicates a -27.88% fall compared to CNM last annual SG&A of $230.00M (Jan 24).
Core & Main EPS Forecast
| Apr 26 | Jan 26 | Oct 25 | Jul 25 | Apr 25 | Jan 25 | Oct 24 | Jul 24 | Apr 24 | Jan 24 | Oct 23 | Jul 23 | Apr 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 5 | 5 | 2 | 2 | 2 | 6 | 6 | 3 | 3 | 3 | 6 | 5 | 5 | 5 | 2 | 2 | 2 | 2 | 3 | 3 |
| EPS | - | - | - | - | - | - | - | - | - | - | $0.65 | - | $0.78 | $0.49 | $1.05 | $1.08 | - | $0.49 | $0.41 | - |
| Avg Forecast | $0.65 | $0.40 | $0.75 | $0.72 | $0.54 | $0.35 | $0.65 | $0.72 | $0.52 | $0.33 | $0.67 | $0.67 | $0.47 | $0.32 | $0.55 | $0.51 | $0.36 | $0.23 | $0.30 | $0.07 |
| High Forecast | $0.68 | $0.42 | $0.78 | $0.75 | $0.56 | $0.38 | $0.67 | $0.73 | $0.52 | $0.33 | $0.71 | $0.70 | $0.49 | $0.34 | $0.57 | $0.53 | $0.37 | $0.24 | $0.31 | $0.08 |
| Low Forecast | $0.63 | $0.39 | $0.73 | $0.70 | $0.52 | $0.33 | $0.61 | $0.71 | $0.52 | $0.33 | $0.62 | $0.65 | $0.46 | $0.31 | $0.54 | $0.50 | $0.35 | $0.23 | $0.29 | $0.07 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | 0.98% | - | 1.64% | 1.52% | 1.90% | 2.11% | - | 2.09% | 1.36% | - |
According to 3 Wall Street analysts, Core & Main's projected average Quarter EPS for Jan 24 is $0.33, with a low estimate of $0.33 and a high estimate of $0.33. This represents a -49.64% decrease compared to CNM previous annual EPS of $0.65 (Oct 23).
Core & Main Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| MSM | MSC Industrial Direct | $80.63 | $105.71 | 31.11% | Buy |
| BXC | BlueLinx | $121.05 | $135.00 | 11.52% | Buy |
| CNM | Core & Main | $44.92 | $50.00 | 11.31% | Buy |
| SITE | SiteOne Landscape Supply | $138.47 | $153.75 | 11.03% | Hold |
| AIT | Applied Industrial | $266.27 | $241.00 | -9.49% | Buy |
| FAST | Fastenal Company | $81.59 | $69.40 | -14.94% | Hold |
| WSO | Watsco | $533.14 | $382.25 | -28.30% | Hold |
| GWW | W.W. Grainger | $1.17K | $806.89 | -31.16% | Buy |