CST Brands Inc. (CST) Sets New 1-Year High at $48.31
CST Brands Inc. (NYSE:CST)’s share price hit a new 52-week high on Tuesday . The stock traded as high as $48.31 and last traded at $47.36, with a volume of 1,606,596 shares changing hands. The stock had previously closed at $44.32.
Several equities analysts have recently weighed in on the company. Zacks Investment Research cut CST Brands from a “buy” rating to a “hold” rating in a report on Monday, May 2nd. Wells Fargo & Co. reiterated a “buy” rating on shares of CST Brands in a research note on Sunday, June 5th. Jefferies Group raised their target price on shares of CST Brands from $39.00 to $41.00 and gave the company a “hold” rating in a research note on Wednesday, July 27th. Raymond James Financial Inc. downgraded shares of CST Brands from an “outperform” rating to a “market perform” rating in a research note on Monday, July 25th. Finally, Citigroup Inc. raised their target price on shares of CST Brands from $41.00 to $47.00 and gave the company a “neutral” rating in a research note on Thursday, August 11th. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. CST Brands currently has a consensus rating of “Hold” and an average target price of $41.33.
The company has a market capitalization of $3.57 billion and a PE ratio of 22.84. The stock has a 50 day moving average of $43.95 and a 200 day moving average of $39.54.
CST Brands (NYSE:CST) last announced its quarterly earnings data on Friday, August 5th. The company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.43 by $0.07. The firm had revenue of $2.52 billion for the quarter, compared to analysts’ expectations of $2.57 billion. The company’s revenue for the quarter was down 1.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.31 EPS. Analysts anticipate that CST Brands Inc. will post $1.63 EPS for the current fiscal year.
Several large investors have bought and sold shares of the company. Bank of Montreal Can increased its stake in CST Brands by 4.7% in the fourth quarter. Bank of Montreal Can now owns 63,472 shares of the company’s stock valued at $2,483,000 after buying an additional 2,833 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in CST Brands by 2.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,683,770 shares of the company’s stock valued at $65,904,000 after buying an additional 46,724 shares during the last quarter. Finally, Employees Retirement System of Texas acquired a new stake in CST Brands during the fourth quarter valued at approximately $6,850,000.
CST Brands, Inc (CST) is a holding company. The Company is an independent retail of motor fuel and convenience merchandise in the United States and eastern Canada. Its retail operations include the sale of motor fuel at convenience stores, commission agents and cardlocks; the sale of food, convenience merchandise items and services at convenience stores, and the sale of heating oil to residential customers and heating oil and motor fuel to small commercial customers.
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