Casey’s General Stores Inc. (NASDAQ: CASY) has reported E.P.S. of $4.86 for its first fiscal quarter (ending July 31) versus $4.54 for the same period a year ago — an increase of 7%. For the latest four quarters through July 31, E.P.S. were $13.82 compared to $12.42 a year ago — an increase of 11%.
Recent Price Action
On 9/4/24, Casey’s General Stores Inc. (NASDAQ: CASY) stock declined slightly by -0.1%, closing at $354.52. Moreover, this decline was accompanied by unusually high trading volume at 153% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -5.6% 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). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Casey’s General Stores has a neutral Appreciation Score of 41 but a very high Power Rating of 91, 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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