Investors Sell CST Brands Inc. (CST) on Strength (CST)
Investors sold shares of CST Brands Inc. (NYSE:CST) on strength during trading on Thursday. $6.58 million flowed into the stock on the tick-up and $35.09 million flowed out of the stock on the tick-down, for a money net flow of $28.51 million out of the stock. Of all companies tracked, CST Brands had the 0th highest net out-flow for the day. CST Brands traded up $0.17 for the day and closed at $47.98
A number of research analysts have commented on CST shares. Credit Suisse Group AG reaffirmed a “hold” rating and issued a $39.00 target price on shares of CST Brands in a research report on Wednesday, August 17th. Citigroup Inc. upped their target price on shares of CST Brands from $41.00 to $47.00 and gave the company a “neutral” rating in a research report on Thursday, August 11th. Raymond James Financial Inc. cut shares of CST Brands from an “outperform” rating to a “market perform” rating in a research report on Tuesday, August 23rd. Wells Fargo & Co. cut shares of CST Brands from an “outperform” rating to a “market perform” rating in a research report on Monday, August 22nd. Finally, Zacks Investment Research raised shares of CST Brands from a “sell” rating to a “hold” rating in a research report on Tuesday, August 2nd. Eleven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. CST Brands has an average rating of “Hold” and a consensus price target of $43.08.
The firm has a market cap of $3.62 billion and a price-to-earnings ratio of 23.17. The stock has a 50 day moving average of $45.61 and a 200 day moving average of $40.66.
CST Brands (NYSE:CST) last released its quarterly earnings results on Friday, August 5th. The company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by $0.07. During the same period in the previous year, the business earned $0.31 earnings per share. The firm earned $2.52 billion during the quarter, compared to analyst estimates of $2.57 billion. The firm’s revenue was down 1.1% on a year-over-year basis. Equities analysts expect that CST Brands Inc. will post $1.62 EPS for the current fiscal 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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