Casey's General Stores (NASDAQ:CASY – Get Rating) had its price target raised by equities research analysts at Deutsche Bank Aktiengesellschaft from $285.00 to $294.00 in a research note issued to investors on Thursday, The Fly reports. Deutsche Bank Aktiengesellschaft's price objective suggests a potential upside of 34.62% from the stock's previous close.
Other analysts also recently issued reports about the company. Stephens reaffirmed an "overweight" rating and set a $280.00 price objective on shares of Casey's General Stores in a research note on Wednesday. StockNews.com downgraded Casey's General Stores from a "strong-buy" rating to a "buy" rating in a research note on Monday. JPMorgan Chase & Co. upgraded Casey's General Stores from an "underweight" rating to a "neutral" rating and boosted their target price for the stock from $173.00 to $211.00 in a research report on Friday, March 3rd. Wells Fargo & Company boosted their target price on Casey's General Stores to $270.00 in a research report on Monday, December 12th. Finally, Benchmark boosted their target price on Casey's General Stores from $230.00 to $275.00 and gave the stock a "buy" rating in a research report on Thursday, December 8th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $259.44.
Get Casey's General Stores alerts:Casey's General Stores Stock Up 0.3 %
NASDAQ CASY traded up $0.58 during trading on Thursday, reaching $218.40. 10,476 shares of the company's stock were exchanged, compared to its average volume of 253,275. The stock has a market cap of $8.14 billion, a P/E ratio of 18.16 and a beta of 0.82. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.65 and a current ratio of 1.08. The company has a 50 day moving average price of $221.79 and a two-hundred day moving average price of $222.81. Casey's General Stores has a 1 year low of $174.05 and a 1 year high of $249.90.
Casey's General Stores (NASDAQ:CASY – Get Rating) last announced its quarterly earnings results on Wednesday, March 8th. The company reported $2.36 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.83 by $0.53. Casey's General Stores had a return on equity of 18.45% and a net margin of 2.96%. The company had revenue of $3.33 billion during the quarter, compared to the consensus estimate of $3.35 billion. During the same period in the previous year, the business earned $1.71 EPS. Casey's General Stores's revenue for the quarter was up 9.3% on a year-over-year basis. On average, equities research analysts anticipate that Casey's General Stores will post 11.47 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in CASY. Vanguard Group Inc. raised its position in Casey's General Stores by 0.7% in the third quarter. Vanguard Group Inc. now owns 3,734,566 shares of the company's stock valued at $756,324,000 after purchasing an additional 25,687 shares during the period. State Street Corp raised its position in Casey's General Stores by 4.4% in the third quarter. State Street Corp now owns 1,432,889 shares of the company's stock valued at $290,189,000 after purchasing an additional 60,487 shares during the period. Morgan Stanley raised its position in Casey's General Stores by 430.5% in the fourth quarter. Morgan Stanley now owns 1,141,475 shares of the company's stock valued at $256,090,000 after purchasing an additional 926,324 shares during the period. Thrivent Financial for Lutherans raised its position in Casey's General Stores by 4.7% in the third quarter. Thrivent Financial for Lutherans now owns 657,498 shares of the company's stock valued at $133,156,000 after purchasing an additional 29,485 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in Casey's General Stores by 48.1% in the second quarter. Goldman Sachs Group Inc. now owns 569,116 shares of the company's stock valued at $105,276,000 after purchasing an additional 184,835 shares during the period. Hedge funds and other institutional investors own 84.74% of the company's stock.
About Casey's General Stores
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Casey's General Stores, Inc engages in the management and operation of convenience stores and gasoline stations. It provides self-service gasoline, a wide selection of grocery items and an array of freshly prepared food items. The firm offers food, beverages, tobacco products, health and beauty aids, automotive products, and other non-food items.
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