CST Brands Inc (CST) was Downgraded by Raymond James to ” Mkt Perform”. Earlier the firm had a rating of “Outperform ” on the company shares. Raymond James advised their investors in a research report released on Jul 25, 2016.
On the company’s financial health, CST Brands Inc reported $0.24 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on May 6, 2016. Analyst had a consensus of $0.23. The company had revenue of $2034.00 million for the quarter, compared to analysts expectations of $2260.66 million. The company’s revenue was down -8.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.20 EPS.
CST Brands Inc closed down -0.05 points or -0.11% at $45.26 with 4,40,008 shares getting traded on Wednesday. Post opening the session at $45.5, the shares hit an intraday low of $45.055 and an intraday high of $45.67 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Mar 11, 2016, Gerard J Sonnier (SVP, GC and Secretary) purchased 1,000 shares at $39.50 per share price. According to the SEC, on Mar 10, 2016, Rocky Dewbre (director) purchased 5,200 shares at $39.10 per share price. On Aug 25, 2015, William G Moll (director) purchased 1,000 shares at $34.14 per share price, according to the Form-4 filing with the securities and exchange commission.
CST Brands Inc. (CST) is a holding company. The Company is an independent retail and wholesale distributors of motor fuel and convenience merchandise and services in North America. Its retail operations include the sale of motor fuel at convenience stores commission agents and cardlocks; the sale of convenience merchandise items and services at convenience stores and the sale of heating oil to residential customers and heating oil and motor fuel to small commercial customers. The Company operates in three segments: U.S. Retail which is the Company owned and operated convenience store businesses; Canadian Retail which includes company owned and operated convenience stores commission agents cardlocks and heating oil operations located in Canada and CrossAmerica which distributes motor fuel to lessee dealers independent dealers affiliated dealers CSTs U.S. Retail Segment and sub-wholesalers retail commission agents and non-core Company operated convenience stores.