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Casey’s General Stores (NASDAQ:CASY) Rating Upgraded to Buy by Northcoast Research

Casey’s General Stores (NASDAQ:CASY) Rating Upgraded to Buy by Northcoast Research

Casey’s General Stores (NASDAQ:CASYGet a Free Report) It was upgraded to a “buy” rating from a “neutral” rating by analysts at Northcoast Research in a note sent to investors on Thursday, Market breakout reports. The company currently has a $410.00 target price on the stock. Northcoast Research’s target price suggests a potential upside of 12.77% from the company’s current price.

Other equities analysts have also recently issued reports on the company. Evercore ISI lowered their price target on Casey’s General Stores from $350.00 to $345.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 16. BMO Capital Markets raised their price target on shares of Casey’s General Stores from $305.00 to $400.00 and gave the stock a “market perform” rating in a research note on Thursday, June 13. Deutsche Bank Aktiengesellschaft raised their price target on shares of Casey’s General Stores from $375.00 to $420.00 and gave the stock a “buy” rating in a research note on Thursday, June 13. Jefferies Financial Group raised their price target on Casey’s General Stores from $342.00 to $445.00 and gave the company a “buy” rating in a report on Wednesday, June 12. Finally, Wells Fargo & Company raised their price target on shares of Casey’s General Stores from $340.00 to $415.00 and gave the company an “overweight” rating in a report on Thursday, June 13. Two investment analysts have rated the stock with a hold rating while nine have a buy rating on the company. The consensus rating for the stock is a “Moderate Buy” and the consensus price target is $383.10, according to data from MarketBeat.com.

Read Our Latest Research Report on CASY

Casey’s General Stores Stock Performance

Shares CASY stock It opened at $363.56 on Thursday. The stock’s fifty-day moving average is $349.46 and its 200-day moving average is $315.09. The company has a market cap of $13.49 billion, a price-to-earnings ratio of 27.07, a PEG ratio of 2.66 and a beta of 0.80. The company has a quick ratio of 0.42, a current ratio of 0.87 and a debt-to-equity ratio of 0.52. Casey’s General Stores has a 52-week low of $238.44 and a 52-week high of $389.43.

Casey’s General Stores (NASDAQ:CASYGet a Free Report) released its latest quarterly earnings data on Tuesday, June 11. The company reported $2.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.70 by $0.64. Casey’s General Stores had a return on equity of 17.25% and a net margin of 3.38%. The company had revenue of $3.60 billion for the quarter, compared to analysts’ estimates of $3.47 billion. The company earned $1.49 EPS in the same quarter last year. The company’s revenue for the quarter was up 8.2% from the prior-year period. As a group, research analysts expect Casey’s General Stores to report earnings per share of 14.2 for the current year.

Institutional Investors Share Their Views on Casey’s General Stores

Several institutional investors and hedge funds recently made changes to their positions in CASY. Park Place Capital Corp purchased a new share of Casey’s General Stores stock in the 2nd quarter worth $31,000. Rise Advisors LLC purchased a new share of Casey’s General Stores stock in the 1st quarter worth $30,000. Advisors Asset Management Inc. purchased a new share of Casey’s General Stores stock in the 1st quarter worth $32,000. Bank & Trust Co purchased a new share of Casey’s General Stores stock in the 2nd quarter worth approximately $40,000. Finally, BKM Wealth Management LLC purchased a new share of Casey’s General Stores stock in the 4th quarter worth approximately $29,000. 85.63% of the stock is currently in the hands of institutional investors and hedge funds.

About Casey’s General Stores

(Get a Free Report)

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 offer soft drinks, energy drinks, water, sports drinks, juices, coffee and tea, and dairy products; beer, wine and spirits; snacks, candy, packaged bakery items and other food items; ice, ice cream, meals and entrees; health and beauty products, automotive products, electronic accessories, housewares and pet supplies; and ATM, lottery/sweepstakes and prepaid cards.

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(tags to translate)Casey