Jefferies Group LLC Analysts Give Caseys General Stores, Inc. (CASY) a $139.00 Price Target

Caseys General Stores, Inc. (NASDAQ:CASY) has been given a $139.00 price objective by analysts at Jefferies Group LLC in a report released on Saturday. The firm currently has a “buy” rating on the stock. Jefferies Group LLC’s price objective points to a potential upside of 30.26% from the stock’s current price.

Several other equities research analysts also recently weighed in on CASY. William Blair began coverage on Caseys General Stores in a report on Wednesday, July 12th. They set an “outperform” rating on the stock. Royal Bank Of Canada cut their price target on Caseys General Stores from $121.00 to $118.00 and set a “sector perform” rating on the stock in a report on Tuesday, June 6th. Barclays PLC cut their price target on Caseys General Stores from $116.00 to $100.00 and set an “equal weight” rating on the stock in a report on Wednesday, June 7th. BMO Capital Markets set a $110.00 price target on Caseys General Stores and gave the stock a “market perform” rating in a report on Wednesday, June 7th. Finally, Deutsche Bank AG set a $120.00 price target on Caseys General Stores and gave the stock a “buy” rating in a report on Tuesday, June 6th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $120.50.

Shares of Caseys General Stores (NASDAQ:CASY) traded down 0.04% during mid-day trading on Friday, hitting $106.71. 480,931 shares of the stock traded hands. Caseys General Stores has a 1-year low of $101.89 and a 1-year high of $136.22. The company has a market capitalization of $4.11 billion, a PE ratio of 23.82 and a beta of 0.49. The company’s 50-day moving average price is $107.22 and its 200 day moving average price is $112.30.

Caseys General Stores (NASDAQ:CASY) last issued its quarterly earnings results on Monday, June 5th. The company reported $0.76 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.85 by $0.09. Caseys General Stores had a return on equity of 14.93% and a net margin of 2.36%. The company had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.88 billion. During the same quarter last year, the company earned $1.19 EPS. Caseys General Stores’s revenue for the quarter was up 16.6% compared to the same quarter last year. Equities research analysts forecast that Caseys General Stores will post $4.54 EPS for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This news story was first posted by Transcript Daily and is the property of of Transcript Daily. If you are accessing this news story on another publication, it was illegally copied and republished in violation of United States & international copyright & trademark legislation. The legal version of this news story can be viewed at https://transcriptdaily.com/2017/07/24/jefferies-group-llc-analysts-give-caseys-general-stores-inc-casy-a-139-00-price-target.html.

In related news, SVP Julia L. Jackowski sold 1,000 shares of the company’s stock in a transaction dated Monday, June 19th. The stock was sold at an average price of $108.09, for a total value of $108,090.00. Following the completion of the sale, the senior vice president now directly owns 21,902 shares of the company’s stock, valued at approximately $2,367,387.18. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.30% of the stock is owned by corporate insiders.

Hedge funds have recently made changes to their positions in the stock. Copeland Capital Management LLC boosted its stake in shares of Caseys General Stores by 3.9% in the second quarter. Copeland Capital Management LLC now owns 231,041 shares of the company’s stock worth $24,746,000 after buying an additional 8,768 shares during the period. Skylands Capital LLC boosted its stake in shares of Caseys General Stores by 16.7% in the second quarter. Skylands Capital LLC now owns 17,500 shares of the company’s stock worth $1,874,000 after buying an additional 2,500 shares during the period. US Bancorp DE boosted its stake in shares of Caseys General Stores by 2.3% in the second quarter. US Bancorp DE now owns 4,773 shares of the company’s stock worth $512,000 after buying an additional 107 shares during the period. Reilly Financial Advisors LLC boosted its stake in shares of Caseys General Stores by 7.0% in the second quarter. Reilly Financial Advisors LLC now owns 73,154 shares of the company’s stock worth $7,836,000 after buying an additional 4,756 shares during the period. Finally, State Treasurer State of Michigan boosted its stake in shares of Caseys General Stores by 1.9% in the second quarter. State Treasurer State of Michigan now owns 16,200 shares of the company’s stock worth $1,735,000 after buying an additional 300 shares during the period. 96.76% of the stock is owned by hedge funds and other institutional investors.

Caseys General Stores Company Profile

Casey’s General Stores, Inc and its subsidiaries, operate convenience stores under the name Casey’s General Store in approximately 10 Midwestern states, in Iowa, Missouri, and Illinois. The Company also operates approximately two stores selling primarily tobacco products. The stores carry a range of food, including freshly prepared foods such as pizza, donuts, and sandwiches, beverages, tobacco products, health and beauty aids, automotive products and other nonfood items.

Analyst Recommendations for Caseys General Stores (NASDAQ:CASY)

Receive News & Ratings for Caseys General Stores Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Caseys General Stores Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply