Casey’s General (NASDAQ:CASY) Rating Reaffirmed
The brokerage has just set a TP of $125 on Casey’s General (NASDAQ:CASY) shares. This is 4.16% from the stock close price. In a very recent research note finalized on 8 December, RBC Capital Mkts has decided to reaffirm their Sector Perform rating on shares of CASY.
From a total of 10 analysts covering Casey’s General Stores (NASDAQ:CASY) stock, 6 rate it a ”Buy”, 0 a “Sell”, and 5 a ”Hold”. This means that 55% of the ratings are positive. The highest target price is $137 while the lowest target price is $105. The mean of all analyst targets is $119.3 with a -4.67% below today’s ($120.01) stock price. Casey’s General Stores was the topic of 10 analyst reports since August 18, 2015 according to the firm StockzIntelligence Inc. RBC Capital Markets maintained shares on November 17 with “Sector Perform” rating. BMO Capital Markets upgraded shares to “Market Perform” rating and $105 target share price in a report from a September 11. Deutsche Bank maintained CASY stock in a recent report from September 10 with “Hold” rating.
The stock increased 0.18% or $0.22 during the last trading session, striking $120.01. Approximately shares of stock traded hands. Casey’s General Stores Inc (NASDAQ:CASY) has risen 45.78% since May 5, 2015 and is uptrending. It has outperformed by 46.38% the S&P500.
Analysts await Casey’s General Stores Inc (NASDAQ:CASY) to reports earnings on December, 9. They expect $1.35 EPS, up 5.47% or $0.07 from last year’s $1.28 per share. CASY’s profit will be $52.53M for 22.22 P/E if the $1.35 EPS becomes reality. After $1.57 actual EPS reported by Casey’s General Stores Inc for the previous quarter, Wall Street now forecasts -14.01% negative EPS growth.
The overall sentiment of institutions has decreased to 1.16 in Q2 2015. Its down 0.24, from 1.4 in 2015Q2. The ratio is negative, as 20 institutions have sold all the shares of Casey’s General Stores Inc that they owned while 103 funds have taken shares off the table. 46 funds have purchased shares for the first time while 97 added to their positions. These institutions now hold 42.13 million shares or 27.45% more than the 33.06 million shares they owned in 2015Q2.
The Fund Speece Thorson Capital Group Inc currently is holding shares equating to 3.71% of its total portfolio in Casey’s General Stores Inc representing a total of 144,998 shares. Another fund,Perkins Investment Management Llc, is holding a total of 2.23 million shares equating to 3.1% of their holdings. Additionally, Gw Capital Inc has a 407,945 share stake in Casey’s General Stores Inc which represents 2.73% of their total portfolio. The Fund, Lloyds Banking Group Plc, based out of United Kingdom, has also built up a stake in the stock, which represents a total of 2.5% of their total portfolio. Finally Netols Asset Management Inc., a fund which is based in the state of Wisconsin reported a total holdings of 91,738 shares.
Insider activity is a very important aspect to track on any stock. Going back to March 16, 2015, shareholders of Casey’s General Stores Inc have witnessed 0 buys, and a total of 3 selling transactions equating to a net activity of approximately $1.28 million . Handley Terry W sold 6,500 shares worth approximately $720,590. Haynie Kenneth H sold 4,000 shares worth approximately $373,040. Walljasper William J sold 7,715 shares worth approximately $675,988. Bridgewater Diane C sold 6,000 shares worth approximately $530,700. The company insider Kimball William C sold 2,000 shares worth $176,880.
Casey’s General Stores, Inc. and its wholly owned subsidiaries operate convenience stores under the name Casey’s General Store in 14 Midwestern states, in Iowa, Missouri, and Illinois. The company has a market cap of $4.67 billion. The Firm also operates one store selling primarily tobacco products. It has 24.49 P/E ratio. The stores carry food, including freshly prepared foods, such as pizza, donuts, and sandwiches, beverages, tobacco products, health and beauty aids, automotive products and other nonfood items.
According to Zacks Investment Research, “Casey’s General Stores, Inc. operate convenience stores under the name Casey’s General Store in Midwestern states, primarily Iowa, Missouri and Illinois. The stores carry a broad selection of food (including freshly prepared foods such as pizza, donuts and sandwiches), beverages, tobacco products, health and beauty aids, automotive products and other non-food items. In addition, all stores offer gasoline for sale on a self-service basis.” Get a free copy of the Zacks research report on Casey’s General Stores Inc (CASY).