CST Brands Inc. (CST) Sees Large Volume Increase
CST Brands Inc. (NYSE:CST) shares saw unusually-high trading volume on Wednesday . Approximately 749,793 shares traded hands during mid-day trading, an increase of 25% from the previous session’s volume of 597,968 shares.The stock last traded at $47.26 and had previously closed at $47.11.
CST has been the topic of several research analyst reports. Zacks Investment Research cut shares of CST Brands from a “buy” rating to a “hold” rating in a research report on Monday, May 2nd. Wells Fargo & Co. restated a “buy” rating on shares of CST Brands in a report on Sunday, June 5th. Raymond James Financial Inc. lowered shares of CST Brands from an “outperform” rating to a “market perform” rating in a report on Monday, July 25th. Jefferies Group raised their price target on shares of CST Brands from $39.00 to $41.00 and gave the company a “hold” rating in a report on Wednesday, July 27th. Finally, Citigroup Inc. raised their price target on shares of CST Brands from $41.00 to $47.00 and gave the company a “neutral” rating in a report on Thursday, August 11th. Seven analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $42.17.
The stock has a market cap of $3.59 billion and a P/E ratio of 23.01. The stock’s 50 day moving average price is $44.28 and its 200-day moving average price is $39.65.
CST Brands (NYSE:CST) last posted its quarterly earnings data on Friday, August 5th. The company reported $0.36 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by $0.07. The business earned $2.52 billion during the quarter, compared to analysts’ expectations of $2.57 billion. During the same quarter in the previous year, the firm posted $0.31 EPS. The company’s revenue for the quarter was down 1.1% on a year-over-year basis. Equities research analysts forecast that CST Brands Inc. will post $1.62 EPS for the current fiscal year.
A number of hedge funds recently bought and sold shares of CST. 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 boosted its position 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 period. Finally, Employees Retirement System of Texas acquired a new position in CST Brands during the fourth quarter valued at $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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