Investment analysts at RBC Capital upped their price target on shares of Casey’s General Stores (NASDAQ:CASY) from $66.00 to $70.00 in a note issued to investors on Wednesday, AnalystRatingsNetwork.com reports. The firm currently has a “sector perform” rating on the stock. RBC Capital’s target price would indicate a potential downside of 3.69% from the stock’s previous close.
Shares of Casey’s General Stores (NASDAQ:CASY) traded up 2.34% on Wednesday, hitting $72.68. 128,204 shares of the company’s stock traded hands. Casey’s General Stores has a one year low of $46.15 and a one year high of $72.81. The stock’s 50-day moving average is $67.67 and its 200-day moving average is $62.02. The company has a market cap of $2.791 billion and a price-to-earnings ratio of 21.63.
Casey’s General Stores (NASDAQ:CASY) last announced its earnings results on Monday, September 9th. The company reported $1.43 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.26 by $0.17. The company had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.10 billion. During the same quarter last year, the company posted $1.01 earnings per share. Casey’s General Stores’s revenue was up 13.2% compared to the same quarter last year. Analysts expect that Casey’s General Stores will post $3.68 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on CASY. Analysts at Benchmark Co. raised their price target on shares of Casey’s General Stores (NASDAQ:CASY) from $73.00 to $79.00 in a research note to investors on Wednesday, September 11th. They now have a “buy” rating on the stock. Separately, analysts at Feltl & Co. raised their price target on shares of Casey’s General Stores (NASDAQ:CASY) from $74.00 to $79.00 in a research note to investors on Tuesday, September 10th. They now have a “buy” rating on the stock. Finally, analysts at Goldman Sachs Group Inc. reiterated a “hold” rating on shares of Casey’s General Stores (NASDAQ:CASY) in a research note to investors on Wednesday, July 17th. They now have a $62.00 price target on the stock.
Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Casey’s General Stores presently has an average rating of “Hold” and a consensus price target of $70.60.
The company also recently announced a quarterly dividend, which is scheduled for Friday, November 15th. Shareholders of record on Friday, November 1st will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 0.99%. The ex-dividend date is Wednesday, October 30th.
Casey’s General Stores, Inc and its wholly owned subsidiaries (NASDAQ:CASY), operate convenience stores under the name Casey’s General Store in 11 Midwestern states, primarily Iowa, Missouri, and Illinois.