Casey’s General (NASDAQ:CASY) Rating Reaffirmed
Casey’s General (NASDAQ:CASY) just had their share rating of a ‘Sector Perform’ issued by research analysts at RBC Capital Mkts, who now has a $125.0 Estimated Target Price on the $4.68B market cap company or a 4.16% upside potential. This key information was shown in a very recent research note on Tuesday morning.
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 $124.2 with a -8.36% below today’s ($125.49) stock price. Casey’s General Stores was the topic of 11 analyst reports since August 18, 2015 according to the firm StockzIntelligence Inc. RBC Capital Markets maintained shares on December 8 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 4.57% or $5.48 during the last trading session, striking $125.49. Approximately shares of stock traded hands. Casey’s General Stores Inc (NASDAQ:CASY) has risen 52.66% since May 6, 2015 and is uptrending. It has outperformed by 53.46% the S&P500.
The overall sentiment of institutions has decreased to 1.16 in Q2 2015. Its down 0.24, from 1.4 in 2015Q2. The ratio dropped, 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 insider 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 $4.68 billion. The Firm also operates one store selling primarily tobacco products. It has 22.29 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).