Investors’ Patience Is Being Tested Right Now By Cencora Inc. (NYSE: COR)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Yahoo Finance discussed the stock recently as it posted Cencora Prices $500 Million 5.125% Senior Notes Due 2034.

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Stocks Info

Cencora Inc. is listed on the NYSE as a member of the Healthcare sector and is a part of the Medical Distribution industry. At the end of the last regular session, the stock closed at $234.21 and fluctuated between $237.67 as its day high and $233.55 as its day low. The current market capitalization of Cencora Inc. is $46.72B. A total of 1.21 million shares were traded on the day, compared to an average of 1.47M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, COR has seen 36 BUY and 39 SELL insider trades, representing the acquisition of 339,685 and the disposition of 1,469,618 shares. Over the last 12 months, there were 79 BUYs and 69 SELLs from insiders. Insiders purchased 579,022 shares during that period but sold 3,601,455.

In the most recent transaction, Donato Leslie E sold 3,400 shares of COR for 202.13 per share on Dec 21. After the transaction, the EVP & Chief Strategy Officer now owns 8,519 company shares. In a previous transaction on Dec 13, COLLIS STEVEN H sold 42,885 shares at 203.18 per share. COR shares that Chairman, President & CEO owns now total 288,688.

Among the insiders who sold shares, Campbell Elizabeth S disposed of 5,162 shares on Dec 13 at a per-share price of $203.13. This resulted in the Executive Vice President holding 15,166 shares of COR after the transaction. In another insider transaction, COLLIS STEVEN H sold 25,000 shares at $202.15 per share on Dec 12. Company shares held by the Chairman, President & CEO now total 331,573.

Dividend

It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Cencora Inc. pays an annual dividend of $2.05, resulting in a dividend yield of 0.87%, and it has a price to earnings (P/E) ratio of 25.51. COR’s most recent ex-dividend date was 2/8/2024 when it declared a $0.51 quarterly dividend that was paid in cash on 2/26/2024. Previously, the company paid the dividend on 11/27/2023 with an ex-dividend date of 11/10/2023. The COR stock dividend was $0.51 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for COR in the last 3 months, the mean price target is $247.50 with high estimates of $267.00 and low estimates of $211.00. In terms of 52-week highs and lows, COR has a high of $237.46 and a low of $147.48.

As of this writing, COR has an earnings estimate of $Microsoft Corporation per share for the current quarter. EPS was calculated based on a consensus of NVIDIA Corporation estimates, with a high estimate of $Intel Corporation per share and a lower estimate of $McDonald’s Corporation.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. COR’s latest balance sheet shows that the firm has $2.55B in Cash & Short Term Investments as of fiscal 2021. There were $6.68B in debt and $41.36B in liabilities at the time. Its Book Value Per Share was $4.57, while its Total Shareholder’s Equity was $584.41M.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for COR is Buy with a score of 4.43.

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