CST Brands Inc. (CST) Sees Large Volume Increase
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.
Several brokerages have issued reports on CST. Macquarie cut CST Brands from an “outperform” rating to a “neutral” rating in a research report on Tuesday. Citigroup Inc. lifted their price target on CST Brands from $41.00 to $47.00 and gave the stock a “neutral” rating in a research report on Thursday, August 11th. Mizuho cut CST Brands from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $45.00 to $48.53 in a research report on Monday. Wells Fargo & Co. cut CST Brands from an “outperform” rating to a “market perform” rating in a research report on Monday. Finally, Credit Suisse Group AG reaffirmed a “hold” rating and set a $39.00 price target on shares of CST Brands in a research report on Wednesday, August 17th. Eleven investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. CST Brands presently has an average rating of “Hold” and a consensus price target of $43.08.
The firm’s 50-day moving average is $44.87 and its 200 day moving average is $40.03. The firm has a market capitalization of $3.61 billion and a PE ratio of 23.092.
CST Brands (NYSE:CST) last posted its earnings results on Friday, August 5th. The company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.43 by $0.07. The company earned $2.52 billion during the quarter, compared to analysts’ expectations of $2.57 billion. During the same quarter in the previous year, the business earned $0.31 earnings per share. CST Brands’s revenue was down 1.1% compared to the same quarter last year. Equities research analysts forecast that CST Brands Inc. will post $1.62 earnings per share for the current year.
An institutional investor recently raised its position in CST Brands stock. Dimensional Fund Advisors LP raised its stake in shares of CST Brands Inc. (NYSE:CST) by 2.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (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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