Casey's General Stores Inc (CASY) is Reiterated by Deutsche Bank to Buy, Raises Price Target to $ 141

Casey's General Stores Inc (CASY) was Reiterated by Deutsche Bank to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 141 from a previous price target of $130 . Deutsche Bank advised their investors in a research report released on Aug 19, 2016.

Many Wall Street Analysts have commented on Casey's General Stores Inc. Casey's General Stores Inc was Initiated by BofA/Merrill to “Buy” on Jul 25, 2016. Company shares were Upgraded by Goldman on Jun 29, 2016 to ” Buy”, Firm has raised the Price Target to $ 145 from a previous price target of $123 .

On the company’s financial health, Casey's General Stores Inc reported $1.19 EPS for the quarter, missing the analyst consensus estimate by $ -0.03 based on the information available during the earnings call on Jun 6, 2016. Analyst had a consensus of $1.22. The company had revenue of $1582.95 million for the quarter, compared to analysts expectations of $1570.74 million. The company’s revenue was down -4.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.05 EPS.

Casey's General Stores Inc opened for trading at $131.85 and hit $132.46 on the upside on Wednesday, eventually ending the session at $132.32, with a gain of 0.37% or 0.49 points. The heightened volatility saw the trading volume jump to 2,49,313 shares. Company has a market cap of $5,178 M.

In a different news, on Jul 1, 2016, Julia L Jackowski (SVP, Corp Gen Counsel) sold 3,000 shares at $127.75 per share price. According to the SEC, on Jun 22, 2016, Jeffrey M Lamberti (director) sold 8,400 shares at $118.21 per share price. On Jun 20, 2016, Cindi Webb Summers (SVP, Human Resources) sold 1,163 shares at $117.04 per share price, according to the Form-4 filing with the securities and exchange commission.

Casey’s General Stores Inc. and its wholly owned subsidiaries operate convenience stores under the name Casey’s General Store in 14 Midwestern states in Iowa Missouri and Illinois. The Company also operates one store selling primarily tobacco products. The stores carry food including freshly prepared foods such as pizza donuts and sandwiches beverages tobacco products health and beauty aids automotive products and other nonfood items. As of April 30 2015 the Company operated 1878 stores. The Company operates a central warehouse Casey’s Distribution Center in Ankeny Iowa through which it supplies grocery and general merchandise items to its stores. The Company’s subsidiary Casey’s Retail Company operates stores in Illinois Kansas Minnesota Nebraska North Dakota and South Dakota. Its subsidiary Casey’s Marketing Company owns and has responsibility for the operation of stores in Arkansas Indiana Iowa Kentucky Missouri Oklahoma Tennessee and Wisconsin.

Casey's General Stores Inc

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