CNM Price Prediction Next Week
Based on the recent data and technical analysis, here's the price prediction for CNM for the next trading week:
Technical Analysis
- Current price: $49.66
- Recent trend shows a downward movement, with the stock losing 11.12% over the past month
- Trading below both 50-day and 200-day moving averages, indicating bearish momentum
Fundamental Factors
- Forward P/E ratio of 20.73, trading at a premium compared to industry average of 18.94
- PEG ratio of 2.48 suggests stock may be overvalued relative to growth prospects
- Expected Q4 earnings of $0.36 per share with revenue forecast of $1.68 billion
Analyst Sentiment
- RBC Capital maintains Buy rating with $62 price target
- Consensus price target of $60.11 indicates potential upside
- Strong industry outlook with Zacks Industry Rank of 81 (top 33%)
Price Prediction for Next Week
Target Prices:
- Support level: $47.50
- Resistance level: $52.00
- Most likely range: $48.00-$51.00
The stock is likely to trade between $48-$51 next week based on:
- Oversold conditions after 11% monthly decline
- Strong analyst ratings and industry fundamentals
- Upcoming earnings catalyst potential
- Technical support around $47-48 level
Trading Recommendation: BUY
- Entry point: Current price ($49.66)
- Stop loss: $47.00
- Take profit: $52.00
The stock shows signs of bottoming after recent decline and maintains strong fundamental outlook. The risk/reward ratio favors a long position with defined stop loss.
CNM Similar Chart Price Prediction
The price of CNM is predicted to go up 1.94%, based on the high correlation periods with IRS. The similarity of these two price pattern on the periods is 97.89%.
CNM
IRS
Up: 1.94%Similarity: 97.89%
CNM Revenue Forecast
CNM EPS Forecast
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CNM Analyst's Forecast
Anthony Pettinari
Citigroup
Hold
2025-01-06
Price Target
$43 → $56
Upside
+9.1%
Citi raised the firm's price target on Core & Main to $56 from $43 and keeps a Neutral rating on the shares. Citi updated estimates and top picks as part of a 2025 outlook for the homebuilding and building products group. The firm's 2025 earnings estimates fell 3% on average, and are now below consensus for most producers. After housing starts, remodeling spend, and cement volumes fell in 2024, Citi expects a "very modest rebound year" in 2025, the analyst tells investors in a research note. The firm remains cautious on homebuilders, which it says have the greatest sensitivity to elevated rates. Its top picks are CRH (CRH), Owens Corning (OC), and Vulcan Materials (VMC).
Sam Reid
Wells Fargo
Buy
2024-12-05
Price Target
$52 → $62
Upside
+13.47%
David Manthey
Baird
Buy
2024-12-04
Price Target
$60 → $66
Upside
+19.48%
