Should I buy or sell Core Molding Technologies stock right now?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Core Molding Technologies in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" CMT shares. View CMT analyst ratings or view top-rated stocks .

What is Core Molding Technologies' stock price target for 2024?

2 brokerages have issued 12-month target prices for Core Molding Technologies' shares. Their CMT share price targets range from $19.00 to $24.00. On average, they anticipate the company's stock price to reach $21.50 in the next year. This suggests a possible upside of 16.0% from the stock's current price. View analysts price targets for CMT or view top-rated stocks among Wall Street analysts .

How have CMT shares performed in 2023?

Core Molding Technologies' stock was trading at $12.99 on January 1st, 2023. Since then, CMT shares have increased by 42.6% and is now trading at $18.53. View the best growth stocks for 2023 here .

Are investors shorting Core Molding Technologies?

Core Molding Technologies saw a increase in short interest during the month of December. As of December 15th, there was short interest totaling 135,600 shares, an increase of 14.6% from the November 30th total of 118,300 shares. Based on an average daily trading volume, of 114,700 shares, the short-interest ratio is currently 1.2 days. Currently, 1.7% of the shares of the company are sold short. View Core Molding Technologies' Short Interest .

When is Core Molding Technologies' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, March 12th 2024. View our CMT earnings forecast .

How were Core Molding Technologies' earnings last quarter?

Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) posted its quarterly earnings results on Tuesday, November, 7th. The industrial products company reported $0.53 earnings per share for the quarter. The industrial products company earned $86.73 million during the quarter. Core Molding Technologies had a trailing twelve-month return on equity of 18.57% and a net margin of 6.20%.

What other stocks do shareholders of Core Molding Technologies own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Core Molding Technologies investors own include NVIDIA (NVDA) , Advanced Micro Devices (AMD) , General Motors (GM) , Main Street Capital (MAIN) , Pure Storage (PSTG) , Boeing (BA) , Carnival Co. & (CCL) , Delta Air Lines (DAL) , Riot Platforms (RIOT) and W&T Offshore (WTI) .

How do I buy shares of Core Molding Technologies?

Shares of CMT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NYSEAMERICAN:CMT

Core Molding Technologies (CMT) Stock Price, News & Analysis

$18.53

-0.45 (-2.37%)

(As of 12/29/2023 ET)

Compare

Today's Range: $18.08
▼
$18.99
50-Day Range: $15.15
▼
$28.49
52-Week Range: $12.65
▼
$30.09

Volume: 299,054 shs
Average Volume: 94,554 shs
Market Capitalization: $167.51 million

P/E Ratio: 7.05
Dividend Yield: N/A
Price Target: $21.50

Core Molding Technologies MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 16.0% Upside
$21.50 Price Target
Short Interest: Healthy
1.73% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: -27.23%
From $2.13 to $1.55 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.69 out of 5 stars

2.5

Analyst's Opinion

Consensus Rating
Core Molding Technologies has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $21.50, Core Molding Technologies has a forecasted upside of 16.0% from its current price of $18.53.
Amount of Analyst Coverage
Core Molding Technologies has only been the subject of 1 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
1.73% of the float of Core Molding Technologies has been sold short.
Short Interest Ratio / Days to Cover
Core Molding Technologies has a short interest ratio ("days to cover") of 1.2, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Core Molding Technologies has recently increased by 14.62%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Core Molding Technologies does not currently pay a dividend.
Dividend Growth
Core Molding Technologies does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for CMT.

0.6

News and Social Media Coverage

News Sentiment
Core Molding Technologies has a news sentiment score of -1.00. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.65 average news sentiment score of Industrial Products companies.
News Coverage This Week
MarketBeat has tracked 1 news article for Core Molding Technologies this week, compared to 1 article on an average week.
Search Interest
Only 2 people have searched for CMT on MarketBeat in the last 30 days. This is a decrease of -67% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Core Molding Technologies insiders have not sold or bought any company stock.
Percentage Held by Insiders
15.80% of the stock of Core Molding Technologies is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
50.43% of the stock of Core Molding Technologies is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Core Molding Technologies are expected to decrease by -27.23% in the coming year, from $2.13 to $1.55 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Core Molding Technologies is 7.05, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 109.64.
Price to Earnings Ratio vs. Sector
The P/E ratio of Core Molding Technologies is 7.05, which means that it is trading at a less expensive P/E ratio than the Industrial Products sector average P/E ratio of about 22.83.
Price to Book Value per Share Ratio
Core Molding Technologies has a P/B Ratio of 1.34. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Core Molding Technologies Stock (NYSEAMERICAN:CMT)

Core Molding Technologies, Inc., together with its subsidiaries, operates as a molder of thermoplastic and thermoset structural products. The company offers a range of manufacturing processes that include compression molding of sheet molding compound, resin transfer molding, liquid molding of dicyclopentadiene, spray-up and hand-lay-up, direct long-fiber thermoplastics, and structural foam and structural web injection molding. It serves various markets, including medium and heavy-duty truck, automobile, power sport, construction, agriculture, building products, and other commercial markets in the United States, Mexico, Canada, and internationally. The company was formerly known as Core Materials Corporation and changed its name to Core Molding Technologies, Inc. in August 2002. Core Molding Technologies, Inc. was incorporated in 1996 and is headquartered in Columbus, Ohio.

CMT Stock Price History

30 days | 90 days | 365 days | Advanced Chart

CMT Stock News Headlines

December 1, 2023 | entrepreneur.com

3 on the Rise Industrial Stocks to Consider Buying Now

November 13, 2023 | finance.yahoo.com

Core Molding Technologies Presenting at the 15th Annual Southwest IDEAS Investor Conference on November 16th in Dallas, TX

December 31, 2023 | MarketBeat Internal (Ad)

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November 13, 2023 | finance.yahoo.com

Core Molding Technologies Presenting at the 15th Annual Southwest IDEAS Investor Conference on November 16th in Dallas, TX

November 10, 2023 | morningstar.com

Core Molding Technologies Inc CMT

November 8, 2023 | finance.yahoo.com

Core Molding Technologies, Inc. (AMEX:CMT) Q3 2023 Earnings Call Transcript

November 8, 2023 | finance.yahoo.com

Q3 2023 Core Molding Technologies Inc Earnings Call

November 7, 2023 | finance.yahoo.com

Core Molding Technologies Reports Fiscal 2023 Third Quarter Results

December 31, 2023 | MarketBeat Internal (Ad)

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November 7, 2023 | finance.yahoo.com

Core Molding Technologies Reports Fiscal 2023 Third Quarter Results

November 2, 2023 | finance.yahoo.com

Core Molding Technologies Appoints New Board Member

October 12, 2023 | finance.yahoo.com

Core Molding Technologies Announces Timing of Third Quarter Fiscal 2023 Results

September 27, 2023 | finance.yahoo.com

Insider Sell: CEO David Duvall Sells 15,000 Shares of Core Molding Technologies Inc

September 27, 2023 | seekingalpha.com

Core Molding Technologies' executive disposes 10,000 shares - filing

September 27, 2023 | benzinga.com

Chief Executive Officer At This Materials Company Sells $420K of Stock

September 26, 2023 | finance.yahoo.com

Insider Sell: EVP, Treasurer, Secretary, CFO John Zimmer Sells 10,000 Shares of Core Molding ...

September 25, 2023 | msn.com

Core Molding Technologies: Margins Are Expanding Quickly

September 23, 2023 | finance.yahoo.com

Insider Sell: EVP, Human Resources Renee Anderson Sells 10,000 Shares of Core Molding ...

September 22, 2023 | benzinga.com

EVP At This Materials Company Sells $91K of Stock

September 15, 2023 | finance.yahoo.com

Insider Sell: EVP, Treasurer, Secretary, CFO John Zimmer Sells 13,000 Shares of Core Molding ...

September 12, 2023 | benzinga.com

Core Molding Technologies EVP Trades $129K In Company Stock

September 12, 2023 | finance.yahoo.com

Insider Sell: EVP, Treasurer, Secretary, CFO John Zimmer Sells 5,087 Shares of Core Molding ...

September 6, 2023 | finance.yahoo.com

Core Molding Technologies, Inc. Mourns the Passing of Esteemed Board Member

August 31, 2023 | msn.com

Core Molding Technologies (CMT) Price Target Increased by 7.69% to 28.56

August 16, 2023 | benzinga.com

Board Member of Core Molding Technologies Sold $402K In Stock

August 15, 2023 | benzinga.com

Core Molding Technologies Recent Insider Activity

August 10, 2023 | finance.yahoo.com

Core Molding Technologies Presenting at the 14th Annual Midwest IDEAS Investor Conference on August 24th in Chicago, IL

See More Headlines

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Company Calendar

Last Earnings: 11/07/2023
Today: 12/31/2023
Fiscal Year End: 12/31/2023
Next Earnings (Estimated): 3/12/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSEAMERICAN
Industry: Plastics products, not elsewhere classified
Sub-Industry: N/A
Sector: Industrial Products
Current Symbol: NYSEAMERICAN:CMT
Previous Symbol: NYSEMKT:CMT
CUSIP: N/A
CIK: 1026655
Web: www.coremt.com
Phone: (614) 870-5000
Fax: 614-870-5051
Employees: 1,986
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $21.50
High Stock Price Target: $24.00
Low Stock Price Target: $19.00
Potential Upside/Downside: +16.0%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): $2.63
Trailing P/E Ratio: 7.05
Forward P/E Ratio: 8.70
P/E Growth: N/A
Net Income: $12.20 million
Net Margins: 6.20%
Pretax Margin: 6.99%
Return on Equity: 18.57%
Return on Assets: 11.17%

Debt

Debt-to-Equity Ratio: 0.16
Current Ratio: 1.93
Quick Ratio: 1.46

Sales & Book Value

Annual Sales: $377.38 million
Price / Sales: 0.44
Cash Flow: $3.05 per share
Price / Cash Flow: 6.08
Book Value: $13.80 per share
Price / Book: 1.34

Miscellaneous

Outstanding Shares: 9,040,000
Free Float: 7,613,000
Market Cap: $167.51 million
Optionable: Not Optionable
Beta: 1.67

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Key Executives

Mr. David L. Duvall (Age 54)
President, CEO & Director
Comp: $1.3M
Mr. John P. Zimmer (Age 58)
Executive VP, Secretary, Treasurer & CFO
Comp: $751.15k
Mr. Eric L. Palomaki (Age 40)
Executive Vice President of Operations, Research & Development
Comp: $663.89k
Mr. James Christopher Highfield (Age 56)
Executive Vice President of Sales & Marketing
Ms. Renee R. Anderson (Age 59)
Executive Vice President of Human Resources

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

CMT Stock Analysis - Frequently Asked Questions

Should I buy or sell Core Molding Technologies stock right now?: 2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Core Molding Technologies in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" CMT shares.
View CMT analyst ratings or view top-rated stocks.
What is Core Molding Technologies' stock price target for 2024?: 2 brokerages have issued 12-month target prices for Core Molding Technologies' shares. Their CMT share price targets range from $19.00 to $24.00. On average, they anticipate the company's stock price to reach $21.50 in the next year. This suggests a possible upside of 16.0% from the stock's current price.
View analysts price targets for CMT or view top-rated stocks among Wall Street analysts.
How have CMT shares performed in 2023?: Core Molding Technologies' stock was trading at $12.99 on January 1st, 2023. Since then, CMT shares have increased by 42.6% and is now trading at $18.53.
View the best growth stocks for 2023 here.
Are investors shorting Core Molding Technologies?: Core Molding Technologies saw a increase in short interest during the month of December. As of December 15th, there was short interest totaling 135,600 shares, an increase of 14.6% from the November 30th total of 118,300 shares. Based on an average daily trading volume, of 114,700 shares, the short-interest ratio is currently 1.2 days. Currently, 1.7% of the shares of the company are sold short.
View Core Molding Technologies' Short Interest.

When is Core Molding Technologies' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, March 12th 2024.
View our CMT earnings forecast.
How were Core Molding Technologies' earnings last quarter?: Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) posted its quarterly earnings results on Tuesday, November, 7th. The industrial products company reported $0.53 earnings per share for the quarter. The industrial products company earned $86.73 million during the quarter. Core Molding Technologies had a trailing twelve-month return on equity of 18.57% and a net margin of 6.20%.
What other stocks do shareholders of Core Molding Technologies own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Core Molding Technologies investors own include NVIDIA (NVDA), Advanced Micro Devices (AMD), General Motors (GM), Main Street Capital (MAIN), Pure Storage (PSTG), Boeing (BA), Carnival Co. & (CCL), Delta Air Lines (DAL), Riot Platforms (RIOT) and W&T Offshore (WTI).
How do I buy shares of Core Molding Technologies?: Shares of CMT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSEAMERICAN:CMT) was last updated on 12/31/2023 by MarketBeat.com Staff

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