Traders Sell Shares of CST Brands Inc. (CST) on Strength (CST)
Traders sold shares of CST Brands Inc. (NYSE:CST) on strength during trading hours on Wednesday. $6.86 million flowed into the stock on the tick-up and $39.05 million flowed out of the stock on the tick-down, for a money net flow of $32.19 million out of the stock. Of all stocks tracked, CST Brands had the 0th highest net out-flow for the day. CST Brands traded up $0.11 for the day and closed at $47.81
A number of brokerages have weighed in on CST. Jefferies Group reissued a “hold” rating on shares of CST Brands in a research report on Sunday. Raymond James Financial Inc. downgraded CST Brands from an “outperform” rating to a “market perform” rating in a research report on Tuesday, August 23rd. Gabelli downgraded CST Brands from a “buy” rating to a “hold” rating in a research report on Tuesday, August 23rd. Macquarie downgraded CST Brands from an “outperform” rating to a “neutral” rating in a research report on Tuesday, August 23rd. Finally, Wells Fargo & Co. downgraded CST Brands from an “outperform” rating to a “market perform” rating in a research report on Monday, August 22nd. Eleven analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $43.08.
The stock’s 50 day moving average is $45.41 and its 200 day moving average is $40.55. The company has a market capitalization of $3.62 billion and a price-to-earnings ratio of 23.15.
CST Brands (NYSE:CST) last announced its quarterly earnings results on Friday, August 5th. The company reported $0.36 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by $0.07. The company had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.57 billion. During the same quarter last year, the firm posted $0.31 earnings per share. The business’s quarterly revenue was down 1.1% compared to the same quarter last year. On average, equities analysts predict that CST Brands Inc. will post $1.62 EPS for the current year.
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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