Last Updated: 09 Nov 2024
Executive Summary
Cencora Inc. (COR) is a leading provider of data center, cloud access, and interconnect solutions in North America. With a strong financial performance, the company has a market capitalization of $48.56 billion and an analyst target price of $267.88. Its recent stock price of $248.41 indicates a potential upside of 7.8%.
Company Overview
Cencora Inc. operates in eight key markets, providing secure and reliable infrastructure to clients in various industries. The company's data center solutions include colocation, managed services, and cloud connectivity.
Fundamental Analysis
Financial Performance: Cencora Inc. reported revenue of $29.39 billion in the past twelve months, with an EBITDA of $4.30 billion. The company's profit margin is 5.1%, and its return on assets is 3.1%.
Valuation: Cencora Inc. trades at a trailing PE ratio of 32.9 and a forward PE ratio of 16.64. The company's price-to-sales ratio is 0.165, and its price-to-book ratio is 61.73.
Dividend: Cencora Inc. pays an annual dividend of $2.04 per share, resulting in a dividend yield of 0.89%.
Technical Analysis
Chart Patterns: Cencora Inc.'s stock price has been trading within a range between $189.86 and $250.94 over the past 52 weeks. The stock is currently trading above its 50-day and 200-day moving averages.
Indicators: The relative strength index (RSI) for Cencora Inc. is 56.79, indicating that the stock is in a neutral zone. The moving average convergence divergence (MACD) is positive, suggesting a potential bullish trend.
Short Term Outlook
In the short term, Cencora Inc.'s stock price is expected to continue trading within its current range. The company's strong financial performance and analyst recommendations provide support for the stock. However, the overall market sentiment and economic conditions could impact the stock's short-term performance.
Long Term Outlook
The long-term outlook for Cencora Inc. is positive. The company's growing client base and the increasing demand for data center services are expected to drive future growth. The company's focus on innovation and expansion into new markets will further enhance its long-term prospects.
Analyst Recommendations
Analysts have a consensus rating of "Buy" for Cencora Inc. with a target price of $267.88. Four analysts recommend a "Strong Buy," eight recommend a "Buy," seven recommend a "Hold," and none recommend a "Sell" or "Strong Sell."
