Casey's General Stores (NASDAQ:CASY) was upgraded by equities research analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Saturday.
A number of other equities research analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of Casey's General Stores from a “hold” rating to a “sell” rating in a research report on Tuesday, November 7th. Raymond James Financial reissued a “market perform” rating on shares of Casey's General Stores in a research report on Wednesday, December 6th. Barclays reissued a “hold” rating on shares of Casey's General Stores in a research report on Friday, December 15th. Royal Bank of Canada reissued a “hold” rating on shares of Casey's General Stores in a research report on Friday, December 8th. Finally, Stephens set a $119.00 price objective on shares of Casey's General Stores and gave the company a “buy” rating in a research report on Wednesday, January 3rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Casey's General Stores currently has an average rating of “Hold” and an average price target of $116.00.
Shares of Casey's General Stores (NASDAQ CASY) opened at $121.44 on Friday. The firm has a market cap of $4,560.00, a price-to-earnings ratio of 29.76, a price-to-earnings-growth ratio of 2.26 and a beta of 0.46. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.72 and a current ratio of 1.23. Casey's General Stores has a 12 month low of $99.76 and a 12 month high of $125.35.
Casey's General Stores (NASDAQ:CASY) last issued its quarterly earnings data on Monday, December 11th. The company reported $1.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.40 by ($0.12). Casey's General Stores had a net margin of 2.02% and a return on equity of 13.42%. The business had revenue of $2.15 billion for the quarter, compared to the consensus estimate of $2.17 billion. During the same period in the previous year, the firm earned $1.44 EPS. The company’s revenue was up 12.2% on a year-over-year basis. equities research analysts predict that Casey's General Stores will post 4.13 earnings per share for the current year.
A number of institutional investors have recently modified their holdings of CASY. Clear Perspective Advisors LLC boosted its holdings in Casey's General Stores by 8.9% in the 2nd quarter. Clear Perspective Advisors LLC now owns 1,225 shares of the company’s stock worth $131,000 after buying an additional 100 shares during the period. Zions Bancorporation bought a new position in Casey's General Stores in the 3rd quarter worth $164,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Casey's General Stores by 46.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,779 shares of the company’s stock worth $191,000 after buying an additional 566 shares during the period. Crossmark Global Holdings Inc. bought a new position in Casey's General Stores in the 3rd quarter worth $264,000. Finally, Neuberger Berman Group LLC boosted its holdings in Casey's General Stores by 0.9% in the 2nd quarter. Neuberger Berman Group LLC now owns 2,474 shares of the company’s stock worth $265,000 after buying an additional 23 shares during the period. 97.15% of the stock is owned by institutional investors.
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About Casey's General Stores
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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