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 $54.59, down 0.33% from the previous day, and has increased 118.19% in one year. It has overperformed other stocks in the Industrial Distribution industry by 0.88 percentage points. Core & Main stock is currently +117.66% from its 52-week low of $25.08, and -10.25% from its 52-week high of $60.83.
At the moment, there are 201.37M shares of CNM outstanding. The market capitalization of CNM is $10.99B. In the past 24 hours, 1.29M 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.
- Access to global markets: From Technology to Utilities, New York to Shanghai — you can fill your portfolio with stocks from the world's top stock exchanges.
- 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.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal info to create your new brokerage account.
- Submit your application by pressing the "Create Account" button. Get started with eToro today
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 25.39x, relative to Industrial Distribution industry P/E ratio of 507.62x
- CNM could be overvalued based on its P/B ratio of 7.58x, relative to Industrial Distribution industry P/B ratio of 6.71x
- CNM could be undervalued based on its PEG ratio of 0.87x
You can do more valuation research on CNM's stock here.
CNM Financial Health
Pros:
- There are more short-term assets than short-term liabilities on the CNM balance sheet.
- CNM's operating cash flow of $1.07B allows it to safely service it's debt of $2.07B.
- CNM earnings of $580.00M is not sufficient to cover its interest payments.
Cons:
- CNM profit margin of X% has stayed the same in the past year.
- There are more long-term liabilities than short-term assets on the CNM balance sheet.
- CNM has a relatively high debt to equity ratio of 2.44.
Is Core & Main stock a Buy, Hold, or Sell, according to analysts?
Out of 7 Equities analysts who give ratings on CNM, the consensus analyst rating on CNM is a Buy
It's important to note that analyst forecasts are not stock recommendations, nor are they investment advice.
Most Recent CNM Analyst Upgrades/Downgrades
Matthew Bouley, a top 1% analyst from Barclays maintains CNM with a strong buy rating and raises their CNM price target from $49.00 to $65.00, on Mar 20, 2024.
Barclays's Matthew Bouley raised their price target on Core & Main (NYSE: CNM) by 32.7% from $49 to $65 on 2024/03/20. The analyst maintained their Strong Buy rating on the stock.
Core & Main reported its Q4 and FY 2023 earnings on 2024/03/19.
Bouley commented: Management offered "achievable yet beatable" guidance, with continued accretive acquisitions, better-than-expected organic growth, and gross margin resiliency.
Proof of its place "as a compounder in a secular industry," should be reflected in the price of Core & Main's stock, the analyst argued.
Earnings Report
Core & Main reported:
For Q4 2023:
- EPS of $0.34, which was in line with the Zacks Consensus Estimate and 9.7% ahead of Q4 2022's $0.31.
- Revenue of $1.44B, which beat the Zacks Consensus Estimate by 0.41% and Q4 2022's $1.37B by 5.1%.
- Adjusted EBITDA of $160M, down 2.4% from Q4 2022.
For FY 2023:
- EPS of $2.15, up 0.9% Y/Y.
- Revenue of $6.7B, up 0.8% Y/Y.
- Adjusted EBITDA of $910M, down 2.7% Y/Y.
- Adjusted EBITDA margin of 13.6%, down 50 bps Y/Y.
- The repurchase of 45M shares at a cost of $1.3B.
For FY 2024, management guided:
- Revenue of $7.4B to $7.6B.
- Adjusted EBITDA of $925M to $975M.
- Adjusted EBITDA margin of 12.5% to 12.8%.
- Operating Cash Flow Conversion of 60% to 70% of Adjusted EBITDA.
Chairman & CEO Steve LeClair commented: "FY 2023 was an exceptional year for Core & Main given the extraordinary performance we achieved during the preceding two years and considering the softer market conditions that have followed.
"We invested $780M on 10 acquisitions during and after the year to enhance our geographic footprint, expand our product offering and acquire key talent. Each of these businesses is a key source of local knowledge and expertise, and they enhance our competitive position as we grow.
"We have generated a significant amount of momentum for the business in recent months between the acquisitions we completed, the internal investments we made, and the value we returned to shareholders, and we look forward to capitalizing on that momentum in fiscal 2024.
"We have never been better positioned to compete in this highly fragmented industry and execute our strategy to capture market share while driving long-term profitable growth."
Stephen Tusa, a top 16% analyst from JP Morgan maintains CNM with a strong buy rating and raises their CNM price target from $38.00 to $54.00, on Mar 19, 2024.
You can dig deeper into what analysts are projecting on the Core & Main stock forecast page.
CNM Momentum
CNM Growth Numbers
Last year, CNM earnings were $371.00M. Over the past five year, CNM's earnings have gone up by 39.98% per year. This was faster than the Industrial Distribution industry average of 12.08%.
Last year, CNM revenue was $6.70B. During the past five year, CNM's revenue has grown by 15.92% per year. This was slower than the Industrial Distribution industry average of 23.39%.
Dig into CNM's earnings and revenue performance here.
What are CNM executives and large shareholders up to?
Over the past year, insiders at CNM have sold more shares than they have bought.
Mark R. Witkowski, Chief Financial Officer of CNM, was the latest CNM insider to sell. They sold $2,925,750.00 worth of CNM stock on Apr 8, 2024.
Research more about who owns CNM shares here.
Can I get consistent income from CNM stock?
No, Core & Main doesn't provide an income stream by paying out dividends.
CNM Social Trading Data
One of the major reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to see what other traders have to say.
Step 5: Make your CNM trade
You have two primary options:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are mostly sufficient. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to be certain you're buying or selling at a specific price, place a limit order.
Click the Open Trade button and eToro will place your order.
If you need more info about investing in stocks on eToro, click the helpful video below:
Step 6: Monitor your CNM position
Now that you own some CNM stock, you'll want to keep up with your company.
Make a watchlist to get notified of the latest news about your CNM stock.
CNM Feed
How to Buy Stock in Core & Main
To reiterate, here are the 6 steps to buy Core & Main stock:
- 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 brokerage account, eToro is our favorite option.
Get Started with eToro TodayIf you would like to get the latest scoop on your new investment in Core & Main, click below.
More "How To" Guides You Might Find Useful
FAQ
Company
AboutNewsBlogStock Investing FAQPlansPrivacy PolicyTerms of ServiceCancellation & RefundsHelp GuidesContactTwitterYouTubeNewsletterInformation is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.