CST Brands Rating Increased to Neutral at Credit Suisse (CST)
CST Brands (NYSE:CST) was upgraded by research analysts at Credit Suisse from an “underperform” rating to a “neutral” rating in a report released on Friday, TheFlyOnTheWall.com reports. The firm currently has a $35.00 price objective on the stock, up from their previous price objective of $29.00. Credit Suisse’s price objective suggests a potential downside of 4.00% from the company’s current price.
CST Brands (NYSE:CST) traded up 0.77% during mid-day trading on Friday, hitting $36.46. The stock had a trading volume of 700,573 shares. CST Brands has a 1-year low of $28.91 and a 1-year high of $38.66. The stock has a 50-day moving average of $33.83 and a 200-day moving average of $32.28. The company has a market cap of $2.757 billion and a price-to-earnings ratio of 21.54.
CST Brands (NYSE:CST) last released its earnings data on Tuesday, May 13th. The company reported $0.14 EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $0.30 earnings per share. The company’s quarterly revenue was down 5.9% on a year-over-year basis. On average, analysts predict that CST Brands will post $1.70 earnings per share for the current fiscal year.
CST has been the subject of a number of other recent research reports. Analysts at JPMorgan Chase & Co. cut their price target on shares of CST Brands from $29.00 to $28.00 in a research note on Tuesday. They now have a “neutral” rating on the stock. Separately, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of CST Brands in a research note on Wednesday, June 18th. They now have a $38.00 price target on the stock, up previously from $34.00. Finally, analysts at TheStreet initiated coverage on shares of CST Brands in a research note on Wednesday, May 21st. They set a “hold” rating on the stock. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $34.50.
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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