Unveiling 8 Analyst Insights On Casey's General Stores

In the latest quarter, 8 analysts provided ratings for Casey's General Stores (NASDAQ:CASY), showcasing a mix of bullish and bearish perspectives.

The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.

Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish
Total Ratings 2 4 2 0 0
Last 30D 1 0 0 0 0
1M Ago 0 0 0 0 0
2M Ago 0 1 0 0 0
3M Ago 1 3 2 0 0

Analysts have recently evaluated Casey's General Stores and provided 12-month price targets. The average target is $336.12, accompanied by a high estimate of $375.00 and a low estimate of $305.00. This current average reflects an increase of 1.5% from the previous average price target of $331.14.

Investigating Analyst Ratings: An Elaborate Study

The perception of Casey's General Stores by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.

Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target
Krisztina Katai Deutsche Bank Raises Buy $375.00 $337.00
Michael Montani Evercore ISI Group Lowers Outperform $345.00 $350.00
Michael Montani Evercore ISI Group Lowers Outperform $350.00 $355.00
Michael Montani Evercore ISI Group Raises Outperform $355.00 $345.00
Kelly Bania BMO Capital Raises Market Perform $305.00 $290.00
Michael Montani Evercore ISI Group Lowers Outperform $342.00 $345.00
Irene Nattel RBC Capital Raises Sector Perform $305.00 $296.00
John Lawrence Benchmark Maintains Buy $312.00 -

Key Insights: Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Casey's General Stores. This insight gives a snapshot of analysts' perspectives on the current state of the company. Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Casey's General Stores compared to the broader market. Price Targets: Delving into movements, analysts provide estimates for the future value of Casey's General Stores's stock. This analysis reveals shifts in analysts' expectations over time.

Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Casey's General Stores's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.

Stay up to date on Casey's General Stores analyst ratings.

Get to Know Casey's General Stores Better

Casey's General Stores Inc owns and operates over 2,500 convenience stores in multiple Midwestern states of the U.S. The stores provide self-service gasoline, grocery items, and processed foods such as pizza, donuts, and sandwiches. Casey's operates its own distribution centres, delivering its in-store products and fuel supplies. The company owns of its real estate, including nearly all of the stores, distribution centres, and some of its subsidiaries' facilities. More than half of the company's stores are located in areas with populations of fewer than 5,000 people.

Casey's General Stores: A Financial Overview

Market Capitalization: Boasting an elevated market capitalization, the company surpasses industry averages. This signals substantial size and strong market recognition.

Decline in Revenue: Over the 3 months period, Casey's General Stores faced challenges, resulting in a decline of approximately -0.1% in revenue growth as of 31 January, 2024. This signifies a reduction in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Consumer Staples sector.

Net Margin: The company's net margin is a standout performer, exceeding industry averages. With an impressive net margin of 2.61%, the company showcases strong profitability and effective cost control.

Return on Equity (ROE): Casey's General Stores's ROE excels beyond industry benchmarks, reaching 2.97%. This signifies robust financial management and efficient use of shareholder equity capital.

Return on Assets (ROA): Casey's General Stores's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 1.4%, the company showcases efficient use of assets and strong financial health.

Debt Management: Casey's General Stores's debt-to-equity ratio is below the industry average. With a ratio of 0.56, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.

Analyst Ratings: What Are They?

Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.

In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Latest Ratings for CASY

DateFirmActionFromTo
Mar 2022Deutsche BankMaintainsBuy
Mar 2022RBC CapitalMaintainsSector Perform
Feb 2022Deutsche BankMaintainsBuy

View More Analyst Ratings for CASY

View the Latest Analyst Ratings

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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