Cracking The Code: Understanding Analyst Reviews For Casey's General Stores

Analysts' ratings for Casey's General Stores CASY over the last quarter vary from bullish to bearish, as provided by 9 analysts.

The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.

The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $325.33, a high estimate of $355.00, and a low estimate of $305.00. This current average reflects an increase of 2.89% from the previous average price target of $316.20.

Deciphering Analyst Ratings: An In-Depth Analysis

The analysis of recent analyst actions sheds light on the perception of Casey's General Stores by financial experts. The following summary presents 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: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Casey's General Stores compared to the broader market.
• Price Targets: Gaining insights, analysts provide estimates for the future value of Casey's General Stores's stock. This comparison reveals trends in analysts' expectations over time.

Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Casey's General Stores's market position. Stay informed and make well-informed 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.

Financial Insights: Casey's General Stores

Market Capitalization Analysis: With a profound presence, the company's market capitalization is above industry averages. This reflects substantial size and strong market recognition.

Revenue Challenges: Casey's General Stores's revenue growth over 3 months faced difficulties. As of 31 January, 2024, the company experienced a decline of approximately -0.1%. This indicates a decrease in 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 2.61%. This signifies efficient cost management and strong financial health.

Return on Equity (ROE): Casey's General Stores's ROE stands out, surpassing industry averages. With an impressive ROE of 2.97%, the company demonstrates effective use of equity capital and strong financial performance.

Return on Assets (ROA): Casey's General Stores's ROA stands out, surpassing industry averages. With an impressive ROA of 1.4%, the company demonstrates effective utilization of assets and strong financial performance.

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.

How Are Analyst Ratings Determined?

Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.

Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.

Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

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