Casey's General Stores CASY has been analyzed by 14 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 7 | 3 | 3 | 1 | 0 |
| Last 30D | 0 | 0 | 0 | 1 | 0 |
| 1M Ago | 3 | 1 | 2 | 0 | 0 |
| 2M Ago | 3 | 1 | 1 | 0 | 0 |
| 3M Ago | 1 | 1 | 0 | 0 | 0 |
The 12-month price targets, analyzed by analysts, offer insights with an average target of $400.5, a high estimate of $444.00, and a low estimate of $300.00. Marking an increase of 2.41%, the current average surpasses the previous average price target of $391.08.
Deciphering Analyst Ratings: An In-Depth Analysis
A clear picture of Casey's General Stores's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| John Royall | JP Morgan | Raises | Underweight | $337.00 | $300.00 |
| John Lawrence | Benchmark | Maintains | Buy | $410.00 | $410.00 |
| Anthony Bonadio | Wells Fargo | Raises | Overweight | $425.00 | $415.00 |
| John Lawrence | Benchmark | Maintains | Buy | $410.00 | $410.00 |
| Irene Nattel | RBC Capital | Raises | Sector Perform | $403.00 | $393.00 |
| John Royall | JP Morgan | Raises | Neutral | $300.00 | $298.00 |
| John Lawrence | Benchmark | Maintains | Buy | $410.00 | $410.00 |
| Krisztina Katai | Deutsche Bank | Raises | Buy | $444.00 | $420.00 |
| Michael Montani | Evercore ISI Group | Raises | Outperform | $435.00 | $410.00 |
| John Lawrence | Benchmark | Maintains | Buy | $410.00 | $410.00 |
| Irene Nattel | RBC Capital | Maintains | Sector Perform | $393.00 | $393.00 |
| John Lawrence | Benchmark | Maintains | Buy | $410.00 | $410.00 |
| Michael Montani | Evercore ISI Group | Raises | Outperform | $410.00 | $405.00 |
| Charles Cerankosky | Northcoast Research | Announces | Buy | $410.00 | - |
Key Insights:
- Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Casey's General Stores. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Providing a comprehensive analysis, analysts offer 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.
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Casey's General Stores's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
Stay up to date on Casey's General Stores analyst ratings.
Discovering Casey's General Stores: A Closer Look
Casey's serves as the nation's third-largest convenience store chain with its more than 2,600 locations primarily positioned in the Midwest United States. About half of Casey's stores are located in rural towns with populations under 5,000. While fueling stations serve as a key traffic generator, about two thirds of the company's gross profit stems from in-store sales of grocery items, prepared meals, and general merchandise. Casey's owns more than 90% of its stores and operates most of its warehousing and distribution processes internally.
Casey's General Stores's Economic Impact: An Analysis
Market Capitalization: Positioned above industry average, the company's market capitalization underscores its superiority in size, indicative of a strong market presence.
Revenue Growth: Casey's General Stores's revenue growth over a period of 3 months has been noteworthy. As of 31 July, 2024, the company achieved a revenue growth rate of approximately 5.91%. This indicates a substantial increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Consumer Staples sector.
Net Margin: Casey's General Stores's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 4.4% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 5.83%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Casey's General Stores's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 2.81% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: Casey's General Stores's debt-to-equity ratio is below the industry average. With a ratio of 0.51, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
Analyst Ratings: Simplified
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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