Casey's General Stores (CASY) Price Target Increased to $118.00 by Analysts at Wells Fargo & Co

Casey's General Stores (NASDAQ:CASY) had its price target raised by equities research analysts at Wells Fargo & Co from $105.00 to $118.00 in a research report issued to clients and investors on Thursday. The brokerage currently has a “market perform” rating on the stock. Wells Fargo & Co’s price objective indicates a potential downside of 1.84% from the company’s previous close.

A number of other analysts have also commented on CASY. Zacks Investment Research raised Casey's General Stores from a “sell” rating to a “hold” rating in a research note on Thursday, September 7th. Raymond James Financial reissued a “market perform” rating on shares of Casey's General Stores in a research report on Wednesday, December 6th. Royal Bank of Canada reissued a “hold” rating on shares of Casey's General Stores in a research report on Friday, December 8th. Barclays reissued a “hold” rating on shares of Casey's General Stores in a research report on Friday, December 15th. Finally, Stephens set a $119.00 price objective on Casey's General Stores and gave the company a “buy” rating in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $116.00.

Shares of Casey's General Stores (CASY) opened at $120.21 on Thursday. 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 capitalization of $4,510.00, a price-to-earnings ratio of 29.46, a P/E/G ratio of 2.09 and a beta of 0.46. The company has a quick ratio of 0.72, a current ratio of 1.23 and a debt-to-equity ratio of 1.13.

Casey's General Stores (NASDAQ:CASY) last announced its quarterly earnings results on Monday, December 11th. The company reported $1.28 EPS for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.12). Casey's General Stores had a return on equity of 13.42% and a net margin of 2.02%. The business had revenue of $2.15 billion during the quarter, compared to analysts’ expectations of $2.17 billion. During the same period in the previous year, the business earned $1.44 EPS. The business’s revenue was up 12.2% compared to the same quarter last year. analysts expect that Casey's General Stores will post 4.13 EPS for the current fiscal year.

Institutional investors have recently made changes to their positions in the business. Schwab Charles Investment Management Inc. raised its position in shares of Casey's General Stores by 10.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 136,098 shares of the company’s stock worth $14,578,000 after purchasing an additional 13,414 shares during the last quarter. Legal & General Group Plc raised its position in shares of Casey's General Stores by 11.7% in the 2nd quarter. Legal & General Group Plc now owns 47,081 shares of the company’s stock worth $5,042,000 after purchasing an additional 4,927 shares during the last quarter. Prudential Financial Inc. raised its position in shares of Casey's General Stores by 1.3% in the 2nd quarter. Prudential Financial Inc. now owns 24,793 shares of the company’s stock worth $2,656,000 after purchasing an additional 324 shares during the last quarter. Neuberger Berman Group LLC raised its position in shares of Casey's General Stores by 0.9% in the 2nd quarter. Neuberger Berman Group LLC now owns 2,474 shares of the company’s stock worth $265,000 after purchasing an additional 23 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Casey's General Stores by 46.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,779 shares of the company’s stock worth $191,000 after purchasing an additional 566 shares during the last quarter. 97.15% of the stock is owned by institutional investors and hedge funds.

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About Casey's 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 Casey's General Stores (NASDAQ:CASY)

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