Caseys General Stores (NASDAQ:CASY)‘s stock had its “market perform” rating reissued by Raymond James Financial in a report released on Wednesday.

A number of other research analysts also recently commented on CASY. BidaskClub downgraded Caseys General Stores from a “hold” rating to a “sell” rating in a research note on Thursday, August 17th. Royal Bank of Canada set a $118.00 price objective on Caseys General Stores and gave the stock a “hold” rating in a research note on Sunday, August 13th. Zacks Investment Research upgraded Caseys General Stores from a “sell” rating to a “hold” rating in a research note on Monday, November 13th. Finally, Jefferies Group set a $139.00 price objective on Caseys General Stores and gave the stock a “buy” rating in a research note on Friday, August 25th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Caseys General Stores currently has a consensus rating of “Hold” and a consensus price target of $115.29.

Shares of Caseys General Stores (NASDAQ:CASY) traded down $10.25 on Wednesday, reaching $111.00. The company had a trading volume of 1,404,402 shares, compared to its average volume of 484,303. The company has a market cap of $4,729.94, a P/E ratio of 29.44, a P/E/G ratio of 2.65 and a beta of 0.46. The company has a debt-to-equity ratio of 0.91, a quick ratio of 0.48 and a current ratio of 0.99. Caseys General Stores has a 52-week low of $99.76 and a 52-week high of $126.49.

Caseys General Stores (NASDAQ:CASY) last issued its quarterly earnings data on Monday, December 11th. The company reported $1.28 EPS for the quarter, missing the Zacks’ consensus estimate of $1.40 by ($0.12). The company had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.17 billion. Caseys General Stores had a return on equity of 13.99% and a net margin of 2.19%. Caseys General Stores’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.44 earnings per share. equities analysts predict that Caseys General Stores will post 4.35 EPS for the current year.

In other news, SVP Brian Joseph Johnson sold 1,000 shares of the stock in a transaction on Friday, September 22nd. The stock was sold at an average price of $108.01, for a total value of $108,010.00. Following the completion of the transaction, the senior vice president now owns 8,229 shares of the company’s stock, valued at $888,814.29. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 1.30% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Clear Perspective Advisors LLC lifted its holdings in shares of Caseys General Stores by 8.9% in the second quarter. Clear Perspective Advisors LLC now owns 1,225 shares of the company’s stock valued at $131,000 after buying an additional 100 shares during the period. Zions Bancorporation acquired a new stake in shares of Caseys General Stores in the third quarter valued at $164,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Caseys General Stores by 46.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,779 shares of the company’s stock valued at $191,000 after buying an additional 566 shares during the period. Crossmark Global Holdings Inc. acquired a new stake in shares of Caseys General Stores in the third quarter valued at $264,000. Finally, Trexquant Investment LP acquired a new stake in shares of Caseys General Stores in the third quarter valued at $267,000. Institutional investors and hedge funds own 97.20% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Raymond James Financial Reiterates “Market Perform” Rating for Caseys General Stores (CASY)” was originally posted by American Banking News and is owned by of American Banking News. If you are accessing this story on another domain, it was stolen and republished in violation of international copyright and trademark legislation. The legal version of this story can be viewed at https://www.americanbankingnews.com/2017/12/06/caseys-general-stores-casy-earns-buy-rating-from-raymond-james-financial.html.

About Caseys General Stores

Casey’s General Stores, Inc and its subsidiaries, operate convenience stores under the name Casey’s General Store in approximately 10 Midwestern states, in Iowa, Missouri, and Illinois. The Company also operates approximately two stores selling primarily tobacco products. The stores carry a range of food, including freshly prepared foods such as pizza, donuts, and sandwiches, beverages, tobacco products, health and beauty aids, automotive products and other nonfood items.

Analyst Recommendations for Caseys General Stores (NASDAQ:CASY)

Receive News & Ratings for Caseys General Stores Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Caseys General Stores Inc. and related companies with MarketBeat.com's FREE daily email newsletter.