Casey’s General Stores Inc. (NASDAQ: CASY) has reported earnings for its second fiscal quarter (ending October 31) of $4.27 versus $3.69 for the same period a year ago — an increase of 16%. For the latest four quarters through October 31, E.P.S. were $12.99 compared to $11.13 a year ago — an increase of 17%.
Recent Price Action
Casey’s General Stores Inc. (NASDAQ: CASY) stock enjoyed a large increase of 2.2% on 12/11/23. The stock closed at $273.81. Moreover, exceptionally high trading volume at 245% of normal accompanied the advance. The stock has been exceptionally strong relative to the market over the last nine months but has declined -0.9% during the last week.
Current PriceTarget Research Rating
CASY is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Casey’s General Stores has a current Value Trend Rating of B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Casey’s General Stores has a neutral Appreciation Score of 48 but a very high Power Rating of 96, triggering the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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