(CNM) Core & Main - Ratings and Ratios

Core & Main, Inc. (NYSE:CNM) is a leading distributor of water, wastewater, storm drainage, and fire protection products and services in the United States. Established in 1874 and headquartered in Saint Louis, Missouri, the company serves municipalities, private water companies, and professional contractors across municipal, non-residential, and residential end markets. Its extensive product portfolio includes pipes, valves, hydrants, fittings, and related products for underground water infrastructure, as well as storm drainage solutions such as corrugated HDPE and metal piping systems, retention basins, inline drains, manholes, grates, geosynthetics, erosion control, and other related products. Additionally, the company offers fire protection products, including fire protection pipes, valves, fittings, sprinkler heads, and accessories, along with fabrication and kitting services. Core & Main also provides smart meter products and comprehensive smart metering solutions, encompassing meter accessories, installation services, network infrastructure, software installation, training, and long-term support. Furthermore, the company supplies engineered treatment plant products. Its specialty products and services are integral to the maintenance, repair, replacement, and construction of water, wastewater, storm drainage, and fire protection infrastructure.

From a technical perspective, Core & Mains stock is currently trading at $50.43, with a 20-day average volume of 2,311,509 shares. The stocks short-term trend, as indicated by the SMA 20 ($48.56), suggests recent upward momentum, while the SMA 50 ($49.35) and SMA 200 ($48.86) reflect a stable intermediate and long-term trend. The ATR of 2.24 indicates moderate volatility. On the fundamental side, the company has a market capitalization of $9.815 billion, with a trailing P/E of 23.29 and a forward P/E of 22.03, signaling expectations of stable earnings growth. The P/B ratio of 5.55 reflects strong investor confidence in the companys asset value, while the P/S ratio of 1.32 highlights reasonable valuation relative to sales. Core & Mains return on equity (RoE) of 24.20% underscores its operational efficiency and profitability.

3-Month Forecast: - Month 1: The stock is expected to test resistance near $52, driven by stable earnings expectations and strong operational performance. Support is likely to hold at $48, underpinned by the SMA 200 and long-term bullish sentiment. - Month 2: A potential pullback to $48.50 is anticipated as the stock consolidates recent gains. Buying interest may re-emerge near this level, supported by the companys robust market position and infrastructure demand. - Month 3: The stock is forecast to stabilize within a range of $49 to $51, reflecting balanced technical and fundamental conditions. Upside may be capped by the forward P/E of 22.03, while the RoE of 24.20% will likely sustain long-term investor confidence.