CST Brands Price Target Lowered to $29.00 at JPMorgan Chase & Co. (CST)
Equities research analysts at JPMorgan Chase & Co. lowered their price target on shares of CST Brands (NYSE:CST) from $30.00 to $29.00 in a research note issued to investors on Tuesday. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s target price suggests a potential downside of 6.45% from the stock’s previous close.
Shares of CST Brands (NYSE:CST) traded down 0.81% during mid-day trading on Tuesday, hitting $30.75. 211,567 shares of the company’s stock traded hands. CST Brands has a one year low of $28.91 and a one year high of $36.92. The stock’s 50-day moving average is $31.43 and its 200-day moving average is $32.29. The company has a market cap of $2.325 billion and a price-to-earnings ratio of 18.45.
CST Brands (NYSE:CST) last released its earnings data on Tuesday, May 13th. The company reported $0.14 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.19 by $0.05. The company had revenue of $3.00 billion for the quarter, compared to the consensus estimate of $3.07 billion. During the same quarter last year, the company posted $0.30 earnings per share. CST Brands’s revenue was down 5.9% compared to the same quarter last year. Analysts expect that CST Brands will post $1.84 EPS for the current fiscal year.
A number of other firms have also recently commented on CST. Analysts at Gabelli reiterated a “buy” rating on shares of CST Brands in a research note on Wednesday, May 14th. Separately, analysts at R. F. Lafferty downgraded shares of CST Brands from a “buy” rating to a “neutral” rating in a research note on Friday, March 7th. Finally, analysts at Mizuho cut their price target on shares of CST Brands from $36.00 to $34.00 in a research note on Friday, March 7th. They now have a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $32.00.
CST Brands, Inc is a retailer of transportation fuels and convenience goods in North America. As of April 30, 2013, the Company operated 1,032 Corner Stores throughout the United States, including Texas, Louisiana, Arkansas, Oklahoma, New Mexico, Colorado, Wyoming, Arizona and California.
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