Stock To Watch: Caseys General Stores, Inc. (NASDAQ:CASY)


The leading market experts have placed a mean price target of $133.00 on Caseys General Stores, Inc. (NASDAQ:CASY) stock. This price level, which is estimated to be attained in one-year indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $1.75 a share for the upcoming quarter and $5.84 for the current fiscal. Technical View The technical analysis of Caseys General Stores, Inc. plainly substantiates that the 50-day moving average of Caseys General Stores, Inc. is $121.23, and stock is hovering 10.94 or +9.02% distant from $121.23. It is noted that the 200-day MA is $114.90, and Caseys General Stores, Inc. stock is $17.27 or +15.03% off from this point. Caseys General Stores, Inc. (NASDAQ:CASY) 52-week high is $133.49 and the 52-week low is $95.71. This explains if the stock moves $-1.32, it will post a 52-week high. In event of $+38.09% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of Caseys General Stores, Inc., shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Caseys General Stores, Inc. (NASDAQ:CASY) ratio came in at 23.07. The stock last ended the trading session at $132.17 and registered a market cap of $5.17B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Caseys General Stores, Inc. (NASDAQ:CASY) PEG ratio is at 1.38.

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