CST Brands Inc. (CST) Reaches New 52-Week High at $45.38
Shares of CST Brands Inc. (NYSE:CST) hit a new 52-week high on Tuesday . The company traded as high as $45.38 and last traded at $45.31, with a volume of 695,534 shares traded. The stock had previously closed at $44.55.
CST has been the subject of a number of recent research reports. TheStreet upgraded shares of CST Brands from a “hold” rating to a “buy” rating in a research note on Monday, April 4th. Wells Fargo & Co. restated a “buy” rating on shares of CST Brands in a research report on Sunday, June 5th. Zacks Investment Research downgraded shares of CST Brands from a “buy” rating to a “hold” rating in a research report on Monday, May 2nd. Finally, Jefferies Group initiated coverage on shares of CST Brands in a research report on Thursday, April 7th. They set a “hold” rating and a $39.00 price objective for the company. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $39.80.
The stock’s 50-day moving average price is $43.24 and its 200 day moving average price is $38.70. The company has a market capitalization of $3.42 billion and a price-to-earnings ratio of 22.49.
CST Brands (NYSE:CST) last issued its quarterly earnings results on Friday, May 6th. The company reported $0.24 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.24. The company earned $2.03 billion during the quarter, compared to the consensus estimate of $2.30 billion. The firm’s quarterly revenue was down 8.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.20 EPS. Analysts forecast that CST Brands Inc. will post $1.83 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Thursday, June 30th were paid a $0.0625 dividend. The ex-dividend date of this dividend was Tuesday, June 28th. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.55%.
Other hedge funds recently modified their holdings of the company. Employees Retirement System of Texas bought a new stake in shares of CST Brands during the fourth quarter worth about $6,850,000. Dimensional Fund Advisors LP raised its stake in shares of CST Brands by 2.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,683,770 shares of the company’s stock worth $65,904,000 after buying an additional 46,724 shares during the period. Hodges Capital Management Inc. raised its stake in shares of CST Brands by 11.3% in the fourth quarter. Hodges Capital Management Inc. now owns 648,422 shares of the company’s stock worth $25,379,000 after buying an additional 66,090 shares during the period. Principal Financial Group Inc. raised its stake in shares of CST Brands by 6.1% in the fourth quarter. Principal Financial Group Inc. now owns 245,986 shares of the company’s stock worth $9,627,000 after buying an additional 14,065 shares during the period. Finally, Bank of Montreal Can raised its stake in shares of CST Brands by 4.7% in the fourth quarter. Bank of Montreal Can now owns 63,472 shares of the company’s stock worth $2,483,000 after buying an additional 2,833 shares during the period.
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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