Casey’s General Stores (NASDAQ:CASY) PT Raised to $435.00

Casey’s General Stores (NASDAQ:CASY) had its target price upped by investment analysts at Evercore ISI from $410.00 to $435.00 in a research note issued on Monday, Benzinga reports. The firm currently has an “outperform” rating on the stock. Evercore ISI’s price target would suggest a potential upside of 12.11% from the stock’s current price.

Several other brokerages have also issued reports on CASY. Wells Fargo & Company raised their target price on Casey’s General Stores from $340.00 to $415.00 and gave the company an “overweight” rating in a research report on Thursday, June 13th. Northcoast Research upgraded Casey’s General Stores from a “neutral” rating to a “buy” rating and set a $410.00 price target for the company in a research report on Thursday, July 11th. Jefferies Financial Group upped their price objective on shares of Casey’s General Stores from $342.00 to $445.00 and gave the company a “buy” rating in a research note on Wednesday, June 12th. BMO Capital Markets boosted their price objective on shares of Casey’s General Stores from $305.00 to $400.00 and gave the company a “market perform” rating in a research report on Thursday, June 13th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $393.00 price objective on shares of Casey’s General Stores in a research report on Monday. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $410.22.

Casey’s General Stores Price Performance

Shares of CASY traded down $3.16 during trading hours on Monday, reaching $388.00. The stock had a trading volume of 100,122 shares, compared to its average volume of 288,323. The stock has a market capitalization of $14.40 billion, a PE ratio of 28.95, a PEG ratio of 2.83 and a beta of 0.80. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.42 and a current ratio of 0.87. The company’s 50-day moving average is $360.95 and its two-hundred day moving average is $323.84. Casey’s General Stores has a 12 month low of $238.44 and a 12 month high of $401.07.

Casey’s General Stores (NASDAQ:CASY) last announced its earnings results on Tuesday, June 11th. The company reported $2.34 earnings per share for the quarter, topping analysts’ consensus estimates of $1.70 by $0.64. The business had revenue of $3.60 billion during the quarter, compared to the consensus estimate of $3.47 billion. Casey’s General Stores had a net margin of 3.38% and a return on equity of 17.25%. Casey’s General Stores’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.49 earnings per share. Research analysts expect that Casey’s General Stores will post 14.2 EPS for the current year.

Hedge Funds Weigh In On Casey’s General Stores

Institutional investors have recently made changes to their positions in the company. Rise Advisors LLC purchased a new position in Casey’s General Stores in the 1st quarter worth $30,000. Park Place Capital Corp acquired a new position in Casey’s General Stores during the second quarter worth $31,000. Advisors Asset Management Inc. purchased a new position in Casey’s General Stores during the 1st quarter valued at about $32,000. V Square Quantitative Management LLC purchased a new position in Casey’s General Stores in the 4th quarter valued at approximately $35,000. Finally, Bank & Trust Co acquired a new stake in Casey’s General Stores in the 2nd quarter valued at about $40,000. Hedge funds and other institutional investors own 85.63% of the company’s stock.

Casey’s General Stores Company Profile

Casey's General Stores, Inc, together with its subsidiaries, operates convenience stores under the Casey's and Casey's General Store names. Its stores offer pizza, donuts, breakfast items, and sandwiches; and tobacco and nicotine products. The company's stores provide soft drinks, energy, water, sports drinks, juices, coffee, and tea and dairy products; beer, wine, and spirits; snacks, candy, packaged bakery, and other food items; ice, ice cream, meals, and appetizers; health and beauty aids, automotive products, electronic accessories, housewares, and pet supplies; and ATM, lotto/lottery, and prepaid cards.