Traders Sell CST Brands Inc. (CST) on Strength (CST)
Investors sold shares of CST Brands Inc. (NYSE:CST) on strength during trading on Thursday. $6.58 million flowed into the stock on the tick-up and $35.09 million flowed out of the stock on the tick-down, for a money net flow of $28.51 million out of the stock. Of all equities tracked, CST Brands had the 0th highest net out-flow for the day. CST Brands traded up $0.17 for the day and closed at $47.98
A number of equities analysts recently issued reports on the stock. Zacks Investment Research raised shares of CST Brands from a “sell” rating to a “hold” rating in a report on Tuesday, August 2nd. Raymond James Financial Inc. downgraded shares of CST Brands from an “outperform” rating to a “market perform” rating in a report on Tuesday, August 23rd. Wells Fargo & Co. downgraded shares of CST Brands from an “outperform” rating to a “market perform” rating in a report on Monday, August 22nd. Gabelli downgraded shares of CST Brands from a “buy” rating to a “hold” rating in a report on Tuesday, August 23rd. Finally, Credit Suisse Group AG reissued a “hold” rating and issued a $39.00 price objective on shares of CST Brands in a report on Wednesday, August 17th. Eleven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $43.08.
The stock has a market cap of $3.63 billion and a price-to-earnings ratio of 23.23. The firm’s 50-day moving average is $45.51 and its 200 day moving average is $40.60.
CST Brands (NYSE:CST) last announced its earnings results on Friday, August 5th. The company reported $0.36 EPS for the quarter, missing the Zacks’ consensus estimate of $0.43 by $0.07. During the same period in the previous year, the company earned $0.31 EPS. The business had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.57 billion. The business’s quarterly revenue was down 1.1% compared to the same quarter last year. On average, analysts forecast that CST Brands Inc. will post $1.62 EPS for the current fiscal year.
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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