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


The leading market experts have placed a mean price target of $139.62 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 $1.76 a share for the upcoming quarter and $5.90 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 $132.45, and stock is trading $2.24 points away or +1.69% from its 50-day moving average of $132.45. Further it is trading $16.49 or +13.95% away its 200-day moving average of $118.20. Caseys General Stores, Inc. (NASDAQ:CASY) 52-week high is $136.22 and the 52-week low is $98.80.

This explains if the stock moves $-1.53, it will post a 52-week high. In event of +36.33% 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 23.51.

The stock last ended the trading session at $134.69 and registered a market cap of $5.27B. 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 1.59.

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