Casey’s General Stores Given Average Recommendation of “Hold” by Analysts (NASDAQ:CASY)
Casey’s General Stores (NASDAQ:CASY) has been given a consensus recommendation of “Hold” by the ten brokerages that are covering the stock, AnalystRatings.NET reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $73.83.
CASY has been the subject of a number of recent research reports. Analysts at Ned Davis Research upgraded shares of Casey’s General Stores from a “neutral” rating to a “buy” rating in a research note on Monday. Separately, analysts at Feltl & Co. downgraded shares of Casey’s General Stores from a “buy” rating to a “hold” rating in a research note on Tuesday, March 11th. Finally, analysts at Macquarie initiated coverage on shares of Casey’s General Stores in a research note on Friday, February 21st. They set a “neutral” rating and a $70.00 price target on the stock.
Casey’s General Stores (NASDAQ:CASY) traded up 0.06% during mid-day trading on Tuesday, hitting $69.80. The stock had a trading volume of 64,226 shares. Casey’s General Stores has a 1-year low of $57.22 and a 1-year high of $77.58. The stock’s 50-day moving average is $67.66 and its 200-day moving average is $69.67. The company has a market cap of $2.686 billion and a price-to-earnings ratio of 20.09.
Casey’s General Stores (NASDAQ:CASY) last issued its quarterly earnings data on Monday, March 10th. The company reported $0.38 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.49 by $0.11. The company had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.84 billion. During the same quarter in the prior year, the company posted $0.40 earnings per share. The company’s quarterly revenue was up 7.7% on a year-over-year basis. On average, analysts predict that Casey’s General Stores will post $3.44 earnings per share for the current fiscal year.
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.
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