Stock Rating Downgrade
During the last several trading days the Value Trend Rating for Casey’s General Stores Inc. (NASDAQ: CASY) weakened from B to C reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
Casey’s General Stores Inc. (NASDAQ: CASY) stock closed at $343.14 on 5/24/24 after an increase of 1.5%. However, unusually low trading volume at 64% of normal accompanied the advance. The stock has risen 2.8% during the last week and has been strong relative to the market over the last nine months.
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 C (High Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Casey’s General Stores has a slightly negative Appreciation Score of 38 but a good Power Rating of 84, triggering the High Neutral Value Trend Rating.
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