CNM

Core & Main Inc

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Advanced Chart

45.650

+1.36(3.071%)1D

Line

Candle

YTD

High

45.880

Open

44.380

VWAP

45.43

Vol

3.30M

Mkt Cap

9.01B

Low

43.990

Amount

150.12M

EV/EBITDA(TTM)

12.10

Total Shares

192.92M

11.32B

EV/OCF(TTM)

18.68

P/S(TTM)

1.18

Core & Main, Inc. specializes in advancing reliable infrastructure with local service, nationwide. The Company, as a specialty distributor with a focus on water, wastewater, storm drainage and fire protection products and related services, provides solutions to municipalities, private water companies and professional contractors across municipal, non-residential and residential end markets. With more than 370 locations across the United States, the Company provides its customers local expertise backed by a national supply chain. The Company also has operations in Canada. The Company’s products include pipes, valves, fittings, storm drainage products, fire protection products, meter products and other products. The Company complements its core products through additional offerings, including fusible high-density polyethylene (fusible HDPE) piping solutions, specifically engineered treatment plant products, geosynthetics and erosion control products.

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2027Q1

FY2026Q4

FY2026Q3

1.95B

+2.09%

0.563

+7%

1.59B

-6.15%

0.332

-3.36%

2.06B

+1.11%

0.709

+2.67%

Estimates Revision

The market is revising Downward the revenue expectations for Core & Main, Inc. (CNM) for FY2026, with the revenue forecasts being adjusted by -1.51% over the past three months. During the same period, the stock price has changed by -30.29%.

Revenue Estimates for FY2026

Revise Downward

-1.51%

In Past 3 Month

EPS Estimates for FY2026

Revise Downward

-8.23%

In Past 3 Month

Stock Price

Go Down

-30.29%

In Past 3 Month

11 Analyst Rating

31.43% Upside

Wall Street analysts forecast CNM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CNM is 60.00 USD with a low forecast of 40.00 USD and a high forecast of 76.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

8 Buy

2 Hold

1 Sell

Moderate Buy

31.43% Upside

Current: 45.650

Low

40.00

Averages

60.00

High

76.00

31.43% Upside

Current: 45.650

Low

40.00

Averages

60.00

High

76.00

JPMorgan

Stephen Tusa

Overweight

maintain

$54 -> $58

2025-10-15

Reason

JPMorgan

Stephen Tusa

Price Target

$54 -> $58

2025-10-15

maintain

Overweight

Reason

JPMorgan analyst Stephen Tusa raised the firm's price target on Core & Main to $58 from $54 and keeps an Overweight rating on the shares as part of a Q3 earnings preview for the electrical equipment and multi-industry sector. The firm is a "bit more cautious" in the near term on the group but says valuation setup "is now at least more attractive." JPMorgan is "leaning more towards value plays with negative positioning" into the quarter.

Wells Fargo

Overweight

maintain

$58 -> $60

2025-10-01

Reason

Wells Fargo

Price Target

$58 -> $60

2025-10-01

maintain

Overweight

Reason

Wells Fargo raised the firm's price target on Core & Main to $60 from $58 and keeps an Overweight rating on the shares after hosting the company's team for a busy round of Chicago meetings. The firm notes tone was upbeat.

UBS

Buy

initiated

$65

2025-09-29

Reason

UBS

Price Target

$65

2025-09-29

initiated

Buy

Reason

UBS initiated coverage of Core & Main with a Buy rating and $65 price target. UBS has seen early signs of improvement in residential and non-residential end market activity coupled with improved pricing trends, despite the recent pullback in the stock, which set up an attractive runway moving into 2026, the analyst tells investors in a research note. The firm views near-term concerns around opex inflation as overblown.

Truist

Hold

downgrade

$56 -> $50

2025-09-11

Reason

Truist

Price Target

$56 -> $50

2025-09-11

downgrade

Hold

Reason

Truist lowered the firm's price target on Core & Main to $50 from $56 and keeps a Hold rating on the shares. The stock traded sharply lower after Q2 results came in below Street expectations and a modest FY25 cut as slower residential business and notable higher SG&A drove the miss, the analyst tells investors in a research note. Investors should note that the management's lower residential products outlook is in line with where the market is and does not constitute some information of a new leg down, the firm added.

Barclays

Overweight -> NULL

downgrade

$69 -> $65

2025-09-10

Reason

Barclays

Price Target

$69 -> $65

2025-09-10

downgrade

Overweight -> NULL

Reason

Barclays lowered the firm's price target on Core & Main to $65 from $69 and keeps an Overweight rating on the shares. The company cut its guidance on much weaker new residential lot development and cost inflation, the analyst tells investors in a research note. However, the firm says Core & Main's favorable trends in municipal and non-residential are holding in while its margin initiatives are on track.

Wells Fargo

Overweight

NULL

downgrade

$70 -> $58

2025-09-10

Reason

Wells Fargo

Price Target

$70 -> $58

2025-09-10

downgrade

Overweight

NULL

Reason

Wells Fargo lowered the firm's price target on Core & Main to $58 from $70 and keeps an Overweight rating on the shares. While the firm acknowledges it was not Core & Main's finest hour, Wells believes the reaction screens harsh. Core & Main missed across the P&L, but SG&A was the biggest pt of deviation. All-in, the firm sees weakness as an opportunity.

See All Ratings

Valuation Metrics

The current forward P/E ratio for Core & Main Inc (CNM.N) is 19.28, compared to its 5-year average forward P/E of 17.66. For a more detailed relative valuation and DCF analysis to assess Core & Main Inc 's fair value, click here.

Forward PE
Forward EV/EBITDA
Forward PS

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

Fair

5Y Average PE

17.66

Current PE

19.28

Overvalued PE

22.73

Undervalued PE

12.60

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

N/A

5Y Average EV/EBITDA

11.02

Current EV/EBITDA

0.00

Overvalued EV/EBITDA

14.35

Undervalued EV/EBITDA

7.70

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

N/A

5Y Average PS

0.96

Current PS

0.00

Overvalued PS

1.28

Undervalued PS

0.64