Insider Buying: CST Brands Director Acquires 1,000 Shares of Stock (CST)
CST Brands (NYSE:CST) Director William G. Moll bought 1,000 shares of CST Brands stock on the open market in a transaction dated Thursday, August 14th. The stock was purchased at an average cost of $34.89 per share, for a total transaction of $34,890.00. Following the purchase, the director now directly owns 9,234 shares of the company’s stock, valued at approximately $322,174. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on CST shares. Analysts at Mizuho raised their price target on shares of CST Brands from $34.00 to $37.00 in a research note on Friday, August 8th. They now have a “neutral” rating on the stock. Separately, analysts at Credit Suisse upgraded shares of CST Brands from an “underperform” rating to a “neutral” rating in a research note on Friday, August 8th. They now have a $35.00 price target on the stock, up previously from $29.00. Finally, 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, August 5th. They now have a “neutral” 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 company presently has a consensus rating of “Hold” and an average price target of $34.50.
CST Brands (NYSE:CST) traded up 1.89% during mid-day trading on Thursday, hitting $34.97. The stock had a trading volume of 430,651 shares. CST Brands has a one year low of $28.91 and a one year high of $38.66. The stock’s 50-day moving average is $33.8 and its 200-day moving average is $32.36. The company has a market cap of $2.644 billion and a P/E ratio of 20.43.
CST Brands (NYSE:CST) last announced its earnings results on Tuesday, August 12th. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by $0.06. The company had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $3.22 billion. Analysts expect that CST Brands will post $1.69 EPS for the current fiscal year.
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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