The Analyst Verdict: Casey's General Stores In The Eyes Of 4 Experts

Analysts' ratings for Casey's General Stores CASY over the last quarter vary from bullish to bearish, as provided by 4 analysts.

The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months.

Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $309.5, a high estimate of $340.00, and a low estimate of $290.00. This current average reflects an increase of 3.86% from the previous average price target of $298.00.

Analyzing Analyst Ratings: A Detailed Breakdown

A comprehensive examination of how financial experts perceive Casey's General Stores is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.

Key Insights:

• Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Casey's General Stores. This information offers a snapshot of how analysts perceive the current state of the company.
• Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Casey's General Stores compared to the broader market.
• Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Casey's General Stores's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.

Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Casey's General Stores's market standing. Stay informed and make data-driven decisions with our Ratings Table.

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

Discovering Casey's General Stores: A Closer Look

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's Economic Impact: An Analysis

Market Capitalization Analysis: The company's market capitalization surpasses industry averages, showcasing a dominant size relative to peers and suggesting a strong market position.

Revenue Growth: Casey's General Stores displayed positive results in 3 months. As of 31 October, 2023, the company achieved a solid revenue growth rate of approximately 2.16%. This indicates a notable increase 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: Casey's General Stores's net margin excels beyond industry benchmarks, reaching 3.91%. This signifies efficient cost management and strong financial health.

Return on Equity (ROE): Casey's General Stores's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 5.6% ROE, the company effectively utilizes shareholder equity capital.

Return on Assets (ROA): Casey's General Stores's ROA excels beyond industry benchmarks, reaching 2.58%. This signifies efficient management of assets and strong financial health.

Debt Management: Casey's General Stores's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.57.

The Core of Analyst Ratings: What Every Investor Should Know

Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.

Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.

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