How to Buy Core & Main Stock
Core & Main Inc
Core & Main is a industrial distribution company located in Missouri, United States, which is part of the Industrials sector, and is traded under the ticker CNM on the NYSE exchange.
Core & Main stock last closed at $27.61, down 4% from the previous day, and has increased 14.66% in one year. It has underperformed other stocks in the Industrial Distribution industry by 0.13 percentage points. Core & Main stock is currently +47.25% from its 52-week low of $18.75, and -4.36% from its 52-week high of $28.87.
At the moment, there are 231.11M shares of CNM outstanding. The market capitalization of CNM is $6.38B. In the past 24 hours, 6.28M CNM shares were traded.
How to Buy Core & Main Stock
Wondering how to invest in Core & Main stock? Here's how.
- Figure out where to buy Core & Main stock: You need to pick an online brokerage, but don't worry - we've researched dozens of online brokerages and apps to help you figure out where to buy Core & Main stock.
- Create your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Fund your brokerage account: Select your payment method and add your details.
- Evaluate Core & Main stock: The Core & Main ticker symbol is CNM. Is Core & Main stock a good investment? Should you buy shares of CNM? How do CNM's underlying business fundamentals look? Do top analysts think Core & Main is a good buy? Why has CNM's stock price moved recently? (Hint: Our stock market analysis website can help you evaluate if CNM is a good stock to buy).
- Make your CNM trade: Decide if you will purchase CNM shares at the current market price or use a limit order to buy CNM shares at a given price.
- Monitor your CNM position: Create a watchlist to keep tabs on your position in Core & Main stock.
Step 1: Figure out where to buy Core & Main stock
You need an online brokerage account in order to access the NYSE market and buy CNM stock.
Our preferred brokerage: eToro
Based on our research, eToro is the best online stock brokerage. eToro gives you:
- You can invest in stocks with zero commissions: Invest without commissions.
- Buy fractional shares: Even if you don't have the money to buy a full share, you can still buy the stock.
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- Social investing: eToro boasts a community with more than 20 million users globally. Talk to, learn from, and copy the unique crypto portfolios of other investors.
- Security: eToro is a regulated and licensed fintech leader.
- Buy other financial assets: Such as ETFs and cryptos.
Get $10 towards your share purchase by creating an account with eToro now.
Open eToro AccountStep 2: Create your brokerage account
Now that you've selected the best brokerage, you'll need to fill out some personal information so you can buy CNM stock today.
How to Open a New Account on eToro
- Click here to get started.
- Provide your personal info to create your new brokerage account.
- Submit your application by pressing the "Create Account" button.
Step 3: Fund your brokerage account
Now that you have opened your account on stock apps to use, you can securely and quickly fund your account:
Watch the video below if you need help depositing money into your new brokerage account.
Step 4: Evaluate Core & Main stock
After you have decided on the best place to buy Core & Main stock, it's absolutely critical to evaluate their stock before you buy, so you truly wrap your head around the risk as well as the upside.
Core & Main stock data
CNM Overview
WallStreetZen was designed to help part-time investors do better fundamental analysis in minutes instead of hours.
You can view all of the due diligence checks on CNM's stock page.
Is CNM stock undervalued or overvalued?
You can use a variety of different financial metrics, analyses, models, and charts to gauge CNM's fair value.
Using relative valuations measures:
- CNM may be undervalued based on its P/E ratio of 12.84x, relative to Industrial Distribution industry P/E ratio of 344.89x
- CNM could be undervalued based on its P/B ratio of 3.92x, relative to Industrial Distribution industry P/B ratio of 5.8x
You can access more valuation research on CNM's stock here.
CNM Financial Health
Pros:
- There are more short-term assets than long-term liabilities on the CNM balance sheet.
- CNM's operating cash flow of $558.00M allows it to safely service it's debt of $1.76B.
- There are more short-term assets than short-term liabilities on the CNM balance sheet.
- CNM profit margin has gone up from 4.1% to 5.5% in the past year.
- CNM earnings of $565.00M is not sufficient to cover its interest payments.
Cons:
- CNM has a relatively high debt to equity ratio of 1.68.
Is it a good time to buy Core & Main stock, according to Wall Street analysts?
Out of 9 Equities analysts who give forecasts on CNM, the consensus analyst rating on Core & Main is a Buy
Please keep in mind that analyst forecasts are not stock recommendations, nor are they investment advice.
Latest CNM Analyst Recommendations
Anthony Pettinari, a top 2% analyst from Citigroup maintains CNM with a hold rating and raises their CNM price target from $27.00 to $29.00, on Jun 8, 2023.
Keith Hughes, a top 2% analyst from Truist Securities maintains CNM with a hold rating and raises their CNM price target from $24.00 to $29.00, on Jun 8, 2023.
Jeffrey Stevenson, a bottom 19% analyst from Loop Capital maintains CNM with a strong buy rating and raises their CNM price target from $28.00 to $33.00, on Jun 7, 2023.
Mike Dahl, a top 40% analyst from RBC Capital maintains CNM with a buy rating and raises their CNM price target from $26.00 to $33.00, on Jun 7, 2023.
Jamie Cook, a bottom 7% analyst from Credit Suisse maintains CNM with a buy rating and raises their CNM price target from $27.00 to $28.00, on Jun 7, 2023.
You can dive deeper into what analysts are projecting on the Core & Main stock forecast page.
CNM Technical Indicators
CNM Growth Numbers
Last year, CNM earnings were $366.00M. Over the last 1 years, CNM's earnings have increased by 99.07% per year. This was faster than the Industrial Distribution industry average of 16.93%.
Last year, CNM revenue was $6.63B. Over the last 2 year, CNM's revenue has increased by 31.11% per year. This was faster than the Industrial Distribution industry average of 11.32%.
Dig into CNM's earnings and revenue performance here.
Who is buying/selling CNM?
In the last 12 months, executives and large shareholders at CNM have sold more shares than they have bought.
Stephen O. Leclair, Chief Executive Officer of CNM, was the latest CNM insider to sell. They sold $1,027,612.80 worth of CNM stock on Jun 7, 2023.
Get more info about who owns CNM stock here.
Can I get consistent income from CNM stock?
No, Core & Main doesn't provide an income stream by paying out dividends.
What do other investors have to say about CNM?
One of the primary reasons eToro is our favorite brokerage is because of its social trading community.
Click below to see what other investors have to say.
Step 5: Make your CNM trade
You have two main types of orders:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are usually the best for newer investors. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to ensure you're buying or selling at a particular dollar amount, use a limit order.
Hit the Open Trade button and your broker will place the order.
If you need more help investing in stocks on eToro, watch the how to video below:
Step 6: Monitor your CNM position
Now that you own some CNM shares, you'll want to keep up with your company.
Add CNM to a watchlist to monitor your CNM stock.
CNM Feed
How to Buy Stock in Core & Main
To summarize, here are the 6 steps you need to take to buy Core & Main stock right now:
- Figure out where to buy Core & Main stock
- Create your brokerage account
- Fund your brokerage account
- Evaluate Core & Main stock
- Make your CNM trade
- Monitor your CNM position
If you are looking for a online brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you want to keep an eye on your investment in Core & Main, create a watchlist on WallStreetZen today.
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