Investors Sell CST Brands Inc. (CST) on Strength (CST)
Investors sold shares of CST Brands Inc. (NYSE:CST) on strength during trading on Friday. $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 companies 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
CST has been the subject of several recent analyst reports. Wells Fargo & Co. restated a “buy” rating on shares of CST Brands in a research report on Sunday, June 5th. Raymond James Financial Inc. cut 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 objective 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. Zacks Investment Research upgraded shares of CST Brands from a “sell” rating to a “hold” rating in a research report on Tuesday, August 2nd. Finally, Citigroup Inc. raised their price objective 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 investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. CST Brands presently has a consensus rating of “Hold” and a consensus price target of $43.08.
The company has a market capitalization of $3.62 billion and a price-to-earnings ratio of 23.17. The firm’s 50 day moving average price is $45.61 and its 200 day moving average price is $40.66.
CST Brands (NYSE:CST) last posted its quarterly earnings results on Friday, August 5th. The company reported $0.36 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.43 by $0.07. The firm had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.57 billion. During the same quarter in the previous year, the business posted $0.31 earnings per share. The firm’s revenue for the quarter was down 1.1% on a year-over-year basis. On average, equities analysts anticipate that CST Brands Inc. will post $1.62 EPS for the current 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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