The price-to-earnings ratio for Cencora Inc. (NYSE: COR) is above average at 25.30x. The 36-month beta value for COR is also noteworthy at 0.44. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 4 rating it as “overweight,” 8 rating it as “hold,” and 0 rating it as “sell.”
The public float for COR is 176.63M, and at present, short sellers hold a 5.08% of that float. The average trading volume of COR on September 05, 2024 was 1.39M shares.
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COR) stock’s latest price update
The stock of Cencora Inc. (NYSE: COR) has decreased by -4.25 when compared to last closing price of 243.40.Despite this, the company has seen a loss of -1.43% in its stock price over the last five trading days. zacks.com reported 2024-08-30 that Cencora (COR) reported earnings 30 days ago. What’s next for the stock?
COR’s Market Performance
Cencora Inc. (COR) has experienced a -1.43% fall in stock performance for the past week, with a -2.82% drop in the past month, and a 0.56% rise in the past quarter. The volatility ratio for the week is 1.73%, and the volatility levels for the past 30 days are at 1.49% for COR. The simple moving average for the past 20 days is -2.20% for COR’s stock, with a 2.79% simple moving average for the past 200 days.
Analysts’ Opinion of COR
Many brokerage firms have already submitted their reports for COR stocks, with Leerink Partners repeating the rating for COR by listing it as a “Outperform.” The predicted price for COR in the upcoming period, according to Leerink Partners is $261 based on the research report published on February 26, 2024 of the current year 2024.
Barclays, on the other hand, stated in their research note that they expect to see COR reach a price target of $242. The rating they have provided for COR stocks is “Overweight” according to the report published on January 03rd, 2024.
Wells Fargo gave a rating of “Equal Weight” to COR, setting the target price at $213 in the report published on December 14th of the previous year.
COR Trading at 0.30% from the 50-Day Moving Average
After a stumble in the market that brought COR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -5.90% of loss for the given period.
Volatility was left at 1.49%, however, over the last 30 days, the volatility rate increased by 1.73%, as shares sank -2.94% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.81% lower at present.
During the last 5 trading sessions, COR fell by -1.03%, which changed the moving average for the period of 200-days by +18.84% in comparison to the 20-day moving average, which settled at $237.95. In addition, Cencora Inc. saw 13.48% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at COR starting from COLLIS STEVEN H, who sale 10,754 shares at the price of $239.13 back on Aug 20 ’24. After this action, COLLIS STEVEN H now owns 285,088 shares of Cencora Inc., valued at $2,571,604 using the latest closing price.
COLLIS STEVEN H, the Officer of Cencora Inc., proposed sale 10,754 shares at $239.13 during a trade that took place back on Aug 20 ’24, which means that COLLIS STEVEN H is holding shares at $2,571,604 based on the most recent closing price.
Stock Fundamentals for COR
Current profitability levels for the company are sitting at:
- 0.01 for the present operating margin
- 0.03 for the gross margin
The net margin for Cencora Inc. stands at 0.01. The total capital return value is set at 0.2. Equity return is now at value 230.42, with 2.90 for asset returns.
Based on Cencora Inc. (COR), the company’s capital structure generated 0.84 points at debt to capital in total, while cash flow to debt ratio is standing at 0.91. The debt to equity ratio resting at 5.11. The interest coverage ratio of the stock is 11.0.
Currently, EBITDA for the company is 3.7 billion with net debt to EBITDA at 0.33. When we switch over and look at the enterprise to sales, we see a ratio of 0.17. The receivables turnover for the company is 11.78for trailing twelve months and the total asset turnover is 4.25. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.89.
Conclusion
In summary, Cencora Inc. (COR) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
