Casey’s General Stores Stock Rating Reaffirmed by Feltl & Co. (CASY)
Casey’s General Stores (NASDAQ:CASY)‘s stock had its “buy” rating reiterated by equities researchers at Feltl & Co. in a research report issued on Wednesday, American Banking News reports. They currently have a $79.00 target price on the stock. Feltl & Co.’s price objective points to a potential upside of 8.70% from the stock’s previous close.
Casey’s General Stores (NASDAQ:CASY) traded up 2.34% during mid-day trading on Wednesday, hitting $72.68. The stock had a trading volume of 128,204 shares. Casey’s General Stores has a 52-week low of $46.15 and a 52-week high of $73.00. The stock has a 50-day moving average of $67.86 and a 200-day moving average of $62.10. The company has a market cap of $2.791 billion and a P/E ratio of 21.63.
Casey’s General Stores (NASDAQ:CASY) last posted its quarterly earnings results on Monday, September 9th. The company reported $1.43 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.26 by $0.17. The company had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.10 billion. During the same quarter last year, the company posted $1.01 earnings per share. Casey’s General Stores’s revenue was up 13.2% compared to the same quarter last year. Analysts expect that Casey’s General Stores will post $3.68 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on CASY. Analysts at RBC Capital raised their price target on shares of Casey’s General Stores (NASDAQ:CASY) from $66.00 to $70.00 in a research note to investors on Wednesday. They now have a “sector perform” rating on the stock. Finally, analysts at Benchmark Co. raised their price target on shares of Casey’s General Stores (NASDAQ:CASY) from $73.00 to $79.00 in a research note to investors on Wednesday, September 11th. They now have a “buy” rating on the stock.
Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $70.60.
The company also recently announced a quarterly dividend, which is scheduled for Friday, November 15th. Stockholders of record on Friday, November 1st will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 0.99%. The ex-dividend date is Wednesday, October 30th.
Casey’s General Stores, Inc and its wholly owned subsidiaries (NASDAQ:CASY), operate convenience stores under the name Casey’s General Store in 11 Midwestern states, primarily Iowa, Missouri, and Illinois.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.