Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Core & Main Inc before investing.

In this article, we go over a few key elements for understanding Core & Main Inc’s stock price such as:

• Core & Main Inc’s current stock price and volume
• Why Core & Main Inc’s stock price changed recently
• Upgrades and downgrades for CNM from analysts
• CNM’s stock price momentum as measured by its relative strength

About Core & Main Inc (CNM)

Before we jump into Core & Main Inc’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Core & Main, Inc. is a holding company. The Company is advancing reliable infrastructure with local service, nationwide. The Company is a specialized distributor with a focus on water, wastewater, storm drainage and fire protection products, and related services. It provides solutions to municipalities, private water companies and professional contractors across municipal, non-residential, and residential end markets, nationwide. With approximately 320 locations across the United States, the Company provides its customers local expertise backed by a national supply chain. The Company’s offering consists of pipes, valves and fittings, storm drainage products, fire protection products and fabrication services, and smart metering products and technology. The Company is also a provider of geosynthetics and erosion control products. It distributes a range of storm drainage products, with custom fabrication capabilities.

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Core & Main Inc’s Stock Price as of Market Close

As of July 26, 2024, 4:00 PM, CST, Core & Main Inc’s stock price was $53.53.

Core & Main Inc is up 5.54% from its previous closing price of $50.72.

During the last market session, Core & Main Inc’s stock traded between $49.77 and $51.87. Currently, there are 192.19 million shares of Core & Main Inc stock available for purchase.

Core & Main Inc’s price-earnings (P/E) ratio is currently at 23.8, which is low compared to the Industrial Machinery & Equipment industry median of 25.8. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Core & Main Inc Stock Price History

Core & Main Inc’s (CNM) price is currently up 9.38% so far this month.

During the month of July, Core & Main Inc’s stock price has reached a high of $54.52 and a low of $47.69.

Over the last year, Core & Main Inc has hit prices as high as $62.15 and as low as $27.75. Year to date, Core & Main Inc’s stock is up 177.21%.

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What Caused Core & Main Inc Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of July 25, 2024, there were 4 analysts who downgraded Core & Main Inc’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Core & Main Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Core & Main Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Core & Main Inc’s current valuation based on AAII’s Value Grade is a D, which means it is considered to be Expensive.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Core & Main Inc (CNM) by visiting AAII Stock Evaluator.

Relative Price Strength of Core & Main Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of July 25, 2024, Core & Main Inc has a weighted four-quarter relative price strength of 4.50%, which translates to a Momentum Score of 76 and is considered to be Strong.

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Core & Main Inc Stock Price: Bottom Line

As of July 26, 2024, Core & Main Inc’s stock price is $53.53, which is up 5.54% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Core & Main Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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