CST Brands Inc. (CST) Sees Large Volume Increase
Shares of CST Brands Inc. (NYSE:CST) saw unusually-high trading volume on Tuesday . Approximately 8,096,807 shares traded hands during mid-day trading, an increase of 302% from the previous session’s volume of 2,014,381 shares.The stock last traded at $47.48 and had previously closed at $47.45.
A number of equities analysts recently commented on CST shares. Zacks Investment Research lowered shares of CST Brands from a “buy” rating to a “hold” rating in a research report on Monday, May 2nd. Wells Fargo & Co. reaffirmed a “buy” rating on shares of CST Brands in a research 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 research 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 stock a “hold” rating in a research 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 stock a “neutral” rating in a research report on Thursday, August 11th. Eleven research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $43.08.
The stock has a 50 day moving average price of $44.74 and a 200 day moving average price of $39.97. The stock has a market cap of $3.60 billion and a PE ratio of 23.05.
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. During the same quarter in the previous year, the company posted $0.31 EPS. The firm earned $2.52 billion during the quarter, compared to analysts’ expectations of $2.57 billion. The firm’s revenue for the quarter was down 1.1% on a year-over-year basis. Analysts predict that CST Brands Inc. will post $1.62 EPS for the current fiscal year.
An institutional investor recently raised its position in CST Brands stock. Dimensional Fund Advisors LP increased its stake in shares of CST Brands Inc. (NYSE:CST) by 2.9% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,683,770 shares of the company’s stock after buying an additional 46,724 shares during the period. Dimensional Fund Advisors LP owned approximately 2.23% of CST Brands worth $65,904,000 as of its most recent SEC filing.
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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