Last Updated: 18 Sep 2024
Executive Summary
Cencora Inc. (COR) is a leading provider of data center and cloud solutions. The company has a strong financial position, with a market capitalization of $45.97 billion and an EBITDA of $4.03 billion. COR has a trailing PE ratio of 25.44 and a forward PE ratio of 15.62. The stock is currently trading at $234.53, below its 52-week high of $247.13.
Company Overview
Cencora Inc. is a real estate investment trust (REIT) that owns and operates data centers and other commercial properties. The company's data centers are located in eight key North American markets, including New York, Chicago, and Los Angeles. COR's customers include a mix of enterprise, government, and cloud providers.
Fundamental Analysis
COR has a strong financial position. The company's revenue has grown by an average of 10.9% over the past five years. In 2023, COR reported revenue of $28.38 billion and net income of $1.88 billion. The company's EBITDA margin is 14.2%, and its net profit margin is 6.5%.
COR has a strong balance sheet. The company's debt-to-equity ratio is 0.45, and its interest coverage ratio is 5.2x. COR has $1.5 billion in cash and equivalents on hand.
Technical Analysis
The technical analysis of COR's stock price shows that the stock is in a downtrend. The stock has been trading below its 50-day and 200-day moving averages for the past several months. The stock's relative strength index (RSI) is 35, which indicates that the stock is oversold.
Short Term Outlook
The short-term outlook for COR's stock is negative. The stock is in a downtrend and is trading below its moving averages. The RSI is oversold, which indicates that the stock could be due for a correction.
Long Term Outlook
The long-term outlook for COR's stock is positive. The company has a strong financial position and is well-positioned to benefit from the growing demand for data center and cloud solutions. The stock's valuation is attractive, and the company's dividend yield is 0.87%.
Analyst Recommendations
The majority of analysts have a buy rating on COR's stock. The average analyst target price is $263.12, which represents a potential upside of 12.2% from the current price.
