Core-Mark Holding Company, Inc. (NASDAQ:CORE) has received a consensus recommendation of “Hold” from the eight analysts that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $37.50.

CORE has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded Core-Mark from a “buy” rating to a “hold” rating in a report on Monday, August 5th. BidaskClub upgraded Core-Mark from a “strong sell” rating to a “sell” rating in a report on Friday. Finally, ValuEngine downgraded Core-Mark from a “hold” rating to a “sell” rating in a report on Monday, August 12th.

A number of large investors have recently bought and sold shares of CORE. Group One Trading L.P. acquired a new position in Core-Mark in the first quarter valued at about $56,000. Point72 Asset Management L.P. acquired a new position in Core-Mark in the second quarter valued at about $91,000. Carroll Financial Associates Inc. acquired a new position in Core-Mark in the second quarter valued at about $166,000. Zions Bancorporation N.A. acquired a new position in Core-Mark in the first quarter valued at about $192,000. Finally, Qtron Investments LLC acquired a new position in Core-Mark in the second quarter valued at about $203,000. 94.54% of the stock is owned by hedge funds and other institutional investors.

NASDAQ CORE traded down $0.72 on Friday, reaching $33.34. The company had a trading volume of 8,774 shares, compared to its average volume of 207,503. The stock’s 50 day moving average is $34.00 and its 200-day moving average is $36.57. The stock has a market cap of $1.50 billion, a price-to-earnings ratio of 24.06, a PEG ratio of 2.57 and a beta of 0.82. The company has a quick ratio of 1.00, a current ratio of 1.78 and a debt-to-equity ratio of 0.93. Core-Mark has a 52 week low of $22.53 and a 52 week high of $40.95.

Core-Mark (NASDAQ:CORE) last released its quarterly earnings data on Wednesday, August 7th. The business services provider reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.06. The business had revenue of $4.30 billion during the quarter, compared to the consensus estimate of $4.31 billion. Core-Mark had a return on equity of 13.11% and a net margin of 0.33%. The firm’s revenue was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.35 earnings per share. As a group, analysts forecast that Core-Mark will post 1.6 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Thursday, August 22nd will be paid a $0.11 dividend. The ex-dividend date is Wednesday, August 21st. This represents a $0.44 dividend on an annualized basis and a yield of 1.32%. Core-Mark’s payout ratio is 31.65%.

About Core-Mark

Core-Mark Holding Company, Inc markets fresh and broad-line supply solutions to the convenience retail industry. The company sells and distributes food products, including fast food, candies, snacks, and groceries, as well as beverages and fresh products, such as sandwiches, juices, salads, produce, dairy, and bread; and non-food products comprising cigars, tobacco, alternative nicotine products, health and beauty care products, and general merchandise and equipment.

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