Casey's General Stores (CASY) PT Set at $119.00 by Stephens

Casey's General Stores (NASDAQ:CASY) has been assigned a $119.00 price target by equities researchers at Stephens in a note issued to investors on Wednesday. The brokerage presently has a “buy” rating on the stock. Stephens’ price objective would suggest a potential downside of 1.01% from the company’s current price.

Several other equities analysts have also commented on the stock. Barclays reaffirmed a “hold” rating on shares of Casey's General Stores in a report on Friday, December 15th. Raymond James Financial lowered shares of Casey's General Stores from an “outperform” rating to a “mkt perform” rating in a report on Tuesday, December 12th. Royal Bank of Canada reaffirmed a “hold” rating on shares of Casey's General Stores in a report on Friday, December 8th. Finally, Zacks Investment Research lowered shares of Casey's General Stores from a “hold” rating to a “sell” rating in a report on Wednesday, December 6th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $115.75.

Casey's General Stores (CASY) traded up $7.82 during mid-day trading on Wednesday, hitting $120.21. 1,648,620 shares of the company traded hands, compared to its average volume of 1,071,900. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.72 and a current ratio of 1.23. Casey's General Stores has a 52 week low of $99.76 and a 52 week high of $125.35. The company has a market cap of $4,510.00, a price-to-earnings ratio of 29.46, a P/E/G ratio of 2.50 and a beta of 0.46.

Casey's General Stores (NASDAQ:CASY) last released its earnings results on Monday, December 11th. The company reported $1.28 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.40 by ($0.12). Casey's General Stores had a net margin of 2.02% and a return on equity of 13.42%. The business had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.17 billion. During the same period in the prior year, the business posted $1.44 EPS. Casey's General Stores’s revenue for the quarter was up 12.2% on a year-over-year basis. equities analysts predict that Casey's General Stores will post 4.13 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Americafirst Capital Management LLC purchased a new stake in Casey's General Stores during the 3rd quarter valued at $412,000. Dean Investment Associates LLC lifted its position in shares of Casey's General Stores by 19.0% in the 3rd quarter. Dean Investment Associates LLC now owns 6,436 shares of the company’s stock worth $704,000 after purchasing an additional 1,028 shares during the period. California Public Employees Retirement System lifted its position in shares of Casey's General Stores by 4.0% in the 3rd quarter. California Public Employees Retirement System now owns 76,946 shares of the company’s stock worth $8,422,000 after purchasing an additional 2,946 shares during the period. Ladenburg Thalmann Financial Services Inc. lifted its position in shares of Casey's General Stores by 2.1% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 41,086 shares of the company’s stock worth $4,497,000 after purchasing an additional 864 shares during the period. Finally, Cubist Systematic Strategies LLC lifted its position in shares of Casey's General Stores by 607.7% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 4,600 shares of the company’s stock worth $503,000 after purchasing an additional 3,950 shares during the period. 97.15% of the stock is owned by institutional investors and hedge funds.

TRADEMARK VIOLATION NOTICE: “Casey's General Stores (CASY) PT Set at $119.00 by Stephens” was originally published by American Banking News and is the property of of American Banking News. If you are viewing this report on another site, it was stolen and republished in violation of U.S. & international copyright & trademark law. The original version of this report can be read at https://www.americanbankingnews.com/2018/01/03/caseys-general-stores-casy-pt-set-at-119-00-by-stephens.html.

Casey's General Stores Company Profile

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 Casey's General Stores (NASDAQ:CASY)

Leave a Reply