Casey’s General Stores, Inc. [CASY] stock is trading at $312.78, up 0.88%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The CASY shares have lost -0.14% over the last week, with a monthly amount glided 5.13%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Casey’s General Stores, Inc. [NASDAQ: CASY] stock has seen the most recent analyst activity on March 06, 2024, when Evercore ISI initiated its Outperform rating and assigned the stock a price target of $345. Previously, BMO Capital Markets downgraded its rating to Market Perform on December 08, 2023, and kept the price target unchanged to $290. On July 18, 2023, upgrade upgraded it’s rating to Outperform and revised its price target to $285 on the stock. Northcoast upgraded its rating to a Buy and increased its price target to $270 on April 14, 2023. JP Morgan upgraded its rating to a Neutral and raised its price target to $211 on March 03, 2023. Credit Suisse started tracking with a Neutral rating for this stock on December 20, 2022, and assigned it a price target of $254. In a note dated December 08, 2022, Northcoast downgraded an Neutral rating on this stock.
Casey’s General Stores, Inc. [CASY] stock has fluctuated between $212.50 and $324.40 over the past year. Currently, Wall Street analysts expect the stock to reach $302.44 within the next 12 months. Casey’s General Stores, Inc. [NASDAQ: CASY] shares were valued at $312.78 at the most recent close of the market. An investor can expect a potential drop of -3.31% based on the average CASY price forecast.
Analyzing the CASY fundamentals
Casey’s General Stores, Inc. [NASDAQ:CASY] reported sales of 14.59B for the trailing twelve months, which represents a drop of -0.10%. Gross Profit Margin for this corporation currently stands at 0.22% with Operating Profit Margin at 0.04%, Pretax Profit Margin comes in at 0.04%, and Net Profit Margin reading is 0.03%. To continue investigating profitability, this company’s Return on Assets is posted at 0.08, Equity is 0.17 and Total Capital is 0.12. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.56.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 310.79 points at the first support level, and at 308.79 for the second support level. However, for the 1st resistance point, the stock is sitting at 315.15, and for the 2nd resistance point, it is at 317.51.
Ratios To Look Out For
For context, Casey’s General Stores, Inc.’s Current Ratio is 0.89. Also, the Quick Ratio is 0.42, while the Cash Ratio stands at 0.2. Considering the valuation of this stock, the price to sales ratio is 0.79, the price to book ratio is 3.93 and price to earnings (TTM) ratio is 24.86.
Transactions by insiders
Recent insider trading involved Spanos Mike, Director, that happened on Jan 03 ’24 when 725.0 shares were purchased. Chief Merch. Officer, Brennan Thomas P JR completed a deal on Dec 13 ’23 to sell 1430.0 shares.
