(CNM) Core & Main - Ratings and Ratios

Core & Main, Inc. is a leading distributor of infrastructure-related products and services in the United States, catering to the water, wastewater, storm drainage, and fire protection sectors. The companys comprehensive product portfolio includes pipes, valves, hydrants, and other related products, as well as smart metering solutions and engineered treatment plant products. By serving municipalities, private water companies, and contractors across various end markets, Core & Main plays a vital role in maintaining and upgrading the countrys underground infrastructure.

With a rich history dating back to 1874, Core & Main has established itself as a trusted partner in the industry, leveraging its extensive expertise and network to deliver specialized products and services. The companys commitment to supporting the maintenance, repair, replacement, and construction of critical infrastructure is reflected in its diverse product offerings and tailored solutions. As a result, Core & Main is well-positioned to capitalize on the growing demand for infrastructure investments and upgrades.

From a technical analysis perspective, CNMs stock has demonstrated a strong upward trend, with its current price of $59.68 representing a 52-week high. The stocks moving averages, including the 20-day SMA at $54.33, 50-day SMA at $51.67, and 200-day SMA at $49.31, indicate a sustained bullish momentum. With an Average True Range (ATR) of 1.52, equivalent to 2.54%, the stocks volatility is relatively moderate. Based on these technical indicators, it is likely that CNMs stock will continue to appreciate in the near term, potentially targeting the $62-$65 range.

Fundamentally, Core & Mains market capitalization stands at approximately $11.6 billion, with a price-to-earnings ratio of 27.73 and a forward P/E of 26.11. The companys return on equity (RoE) is a respectable 24.97%, indicating a strong ability to generate profits for shareholders. Considering the companys solid financials and growth prospects, it is reasonable to expect CNMs stock to maintain its upward trajectory, driven by the ongoing demand for infrastructure-related products and services. As such, a forecast based on the convergence of technical and fundamental data suggests that CNMs stock may reach $65-$70 by the end of the next quarter, representing a potential upside of 8-15% from current levels.