Why Caseys General Stores, Inc. (NASDAQ:CASY) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $142.77 on Caseys General Stores, Inc. (NASDAQ:CASY) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $5.95 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Caseys General Stores, Inc. (NASDAQ:CASY) stands at 23.31.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Caseys General Stores, Inc., the PEG ratio for coming 3-5 years is 1.56.

Technical Analysis

The technical analysis highlights that Caseys General Stores, Inc. current is trading $0.75 points away or +0.56% from its 50-day moving average of $132.84. Further it is trading $13.95 or +11.66% away its 200-day moving average of $119.64.

The 52-week high of Caseys General Stores, Inc. (NASDAQ:CASY) was $136.22 while lowest point recorded in 52-week was $98.80. It implies if stock price makes a movement of over $-2.63, it will record a new 52-week high. In the case of +35.21% drop, it will touch a new 52-week low.

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