CST Brands Inc. (CST) Reaches New 1-Year High at $48.31
Shares of CST Brands Inc. (NYSE:CST) reached 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. The stock had previously closed at $44.32.
CST has been the topic of several research reports. Citigroup Inc. boosted their price target on CST Brands from $41.00 to $47.00 and gave the stock a “neutral” rating in a report on Thursday, August 11th. Wells Fargo & Co. restated a “buy” rating on shares of CST Brands in a report on Sunday, June 5th. Raymond James Financial Inc. cut CST Brands from an “outperform” rating to a “market perform” rating in a report on Monday, July 25th. Jefferies Group boosted their price target on CST Brands from $39.00 to $41.00 and gave the stock a “hold” rating in a report on Wednesday, July 27th. Finally, Zacks Investment Research upgraded CST Brands from a “sell” rating to a “hold” rating in a report on Tuesday, August 2nd. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $42.17.
The firm has a market cap of $3.59 billion and a PE ratio of 23.01. The stock has a 50-day moving average price of $44.28 and a 200-day moving average price of $39.65.
CST Brands (NYSE:CST) last issued its quarterly earnings results on Friday, August 5th. The company reported $0.36 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.43 by $0.07. The firm earned $2.52 billion during the quarter, compared to analysts’ expectations of $2.57 billion. During the same period in the previous year, the business posted $0.31 EPS. The company’s revenue was down 1.1% on a year-over-year basis. On average, equities analysts anticipate that CST Brands Inc. will post $1.62 earnings per share for the current fiscal year.
Several hedge funds have modified their holdings of CST. Employees Retirement System of Texas acquired a new stake in shares of CST Brands during the fourth quarter worth about $6,850,000. Dimensional Fund Advisors LP increased 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. Finally, Bank of Montreal Can increased 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.