Royal Bank Of Canada Analysts Give Caseys General Stores, Inc. (CASY) a $118.00 Price Target
Caseys General Stores, Inc. (NASDAQ:CASY) has been assigned a $118.00 price target by research analysts at Royal Bank Of Canada in a research report issued to clients and investors on Sunday. The brokerage presently has a “hold” rating on the stock. Royal Bank Of Canada’s target price suggests a potential upside of 10.77% from the company’s previous close.
Other equities analysts also recently issued research reports about the company. Jefferies Group LLC restated a “buy” rating and set a $139.00 target price on shares of Caseys General Stores in a research report on Tuesday, June 20th. Deutsche Bank AG set a $120.00 target price on Caseys General Stores and gave the stock a “buy” rating in a research report on Tuesday, June 6th. Barclays PLC cut their target price on Caseys General Stores from $116.00 to $100.00 and set an “equal weight” rating for the company in a research report on Wednesday, June 7th. BMO Capital Markets set a $116.00 target price on Caseys General Stores and gave the stock a “hold” rating in a research report on Wednesday, May 31st. Finally, Zacks Investment Research upgraded Caseys General Stores from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 16th. Eight research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $116.29.
Caseys General Stores (CASY) traded up 0.38% during midday trading on Friday, hitting $106.53. The company had a trading volume of 305,034 shares. Caseys General Stores has a one year low of $101.89 and a one year high of $135.68. The company’s 50 day moving average is $106.25 and its 200-day moving average is $111.28. The company has a market cap of $4.07 billion, a P/E ratio of 23.78 and a beta of 0.48.
Caseys General Stores (NASDAQ:CASY) last announced its quarterly earnings data on Monday, June 5th. The company reported $0.76 EPS for the quarter, missing the Zacks’ consensus estimate of $0.85 by $0.09. Caseys General Stores had a return on equity of 14.93% and a net margin of 2.36%. The firm had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter in the prior year, the business posted $1.19 EPS. Caseys General Stores’s revenue was up 16.6% compared to the same quarter last year. On average, equities analysts predict that Caseys General Stores will post $4.54 EPS for the current year.
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In related news, SVP Julia L. Jackowski sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, June 19th. The stock was sold at an average price of $108.09, for a total transaction of $108,090.00. Following the completion of the transaction, the senior vice president now owns 21,902 shares in the company, valued at approximately $2,367,387.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.30% of the stock is owned by company insiders.
A number of large investors have recently added to or reduced their stakes in the stock. Advisory Services Network LLC acquired a new stake in Caseys General Stores during the first quarter worth $115,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Caseys General Stores by 46.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,779 shares of the company’s stock worth $191,000 after buying an additional 566 shares in the last quarter. Engine Capital Management LLC boosted its stake in Caseys General Stores by 740.3% in the first quarter. Engine Capital Management LLC now owns 2,000 shares of the company’s stock worth $225,000 after buying an additional 1,762 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in Caseys General Stores by 5.1% in the first quarter. State of Alaska Department of Revenue now owns 2,411 shares of the company’s stock worth $270,000 after buying an additional 117 shares in the last quarter. Finally, Neuberger Berman Group LLC acquired a new stake in Caseys General Stores during the first quarter worth $275,000. 96.21% of the stock is owned by hedge funds and other institutional investors.
Caseys General Stores Company Profile
Casey’s General Stores, Inc and its subsidiaries, operate convenience stores under the name Casey’s General Store in approximately 10 Midwestern states, in Iowa, Missouri, and Illinois. The Company also operates approximately two stores selling primarily tobacco products. The stores carry a range of food, including freshly prepared foods such as pizza, donuts, and sandwiches, beverages, tobacco products, health and beauty aids, automotive products and other nonfood items.
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