Casey’s General (NASDAQ:CASY) Rating Change
New York-listed Casey’s General (NASDAQ:CASY), was lowered by expert analysts at RBC Capital. RBC Capital lowered its Rating on the $4.41 billion market cap company to “Sector Perform” from a previous “Outperform”, but maintained its PT of $123.0 on CASY shares.
Despite the stock downgrade NASDAQ:CASY is currently trading 0.25% higher at $114.20 as of 10:08 PM New York time. Casey’s General shares have [From2] 0% in the past 200 days, while the S&P500 Index has surged 16.00% in the same time.
According to data compiled by Thomson Reuters, Casey’s General (NASDAQ:CASY)’s stock is covered by 12 equity analysts across the Street, with 0 analysts giving it a Sell rating, 8 a Buy rating, while 4 consider it a Hold. The 12-month consensus target price for the stock is $131.17, which reflects an upside potential of 14.86% over the current price.
Incline Global Management Llc had the biggest stake with ownership of 262,633 shares as of Q2 2015 for 5.72% of the equity exposure. Chilton Investment Co Llc is another notably bullish investment manager who is having 998,841 shares of Casey’s General or 4.69% of their equity exposure. Furthermore, Paragon Capital Management Llc have 3.9% of their equity exposure invested in the company for 96,002 shares. The Pennsylvania-based fund Copeland Capital Management Llc disclosed it had bought so far a stake worth about 2.98% of the investment manager’s stock portfolio in Casey’s General. The Minnesota-based fund Speece Thorson Capital Group Inc is also positive about the stock, possessing 385,900 shares or 2.95% of their equity exposure.
Casey’s General (NASDAQ:CASY) Profile
Casey’s General Stores, Inc. and its subsidiaries, operate convenience stores under the name Casey’s General Store in approximately 10 Midwestern states, in Iowa, Missouri, and Illinois. The Company also operates approximately two stores selling primarily tobacco products. The stores carry a range of food, including freshly prepared foods such as pizza, donuts, and sandwiches, beverages, tobacco products, health and beauty aids, automotive products and other nonfood items.
Casey’s General (NASDAQ:CASY) traded up 0.25% on 7 March, hitting $114.2. A total of shares of the company’s stock traded hands. This is down from average of 570,958 shares. Casey’s General has a 52 week low of $98.80 and a 52 week high of $136.22. The company has a market cap of $4.41 billion and a P/E ratio of 21.55.
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The post New York: Casey’s General (NASDAQ:CASY) Rating Outlook Decreased to “Sector Perform” by Rbc Capital Keeping $123.0 Target Price per Share. Lost Its “Outperform” Rating appeared first on Octafinance.