Deutsche Bank Maintains Casey's General Stores Inc to Buy with Price Target $135.00

Brokerage firm Deutsche Bank Maintains its rating on Casey's General Stores Inc(NASDAQ:CASY). In a research note issued to the investors, the brokerage major Lowers the price-target to $135.00 per share. The shares have been rated Buy. The rating by Deutsche Bank was issued on Sep 12, 2016.

In a different note, On Sep 8, 2016, Goldman Sachs said it Maintains its rating on Casey's General Stores Inc. In the research note, the firm Lowers the price-target to $5.98 per share. The shares have been rated ‘Buy’ by the firm. On Sep 6, 2016, Goldman Sachs said it Maintains its rating on Casey's General Stores Inc. In the research note, the firm Raises the price-target to $145.00 per share. The shares have been rated ‘Buy’ by the firm. On Aug 22, 2016, Jefferies said it Maintains its rating on Casey's General Stores Inc. In the research note, the firm Raises the price-target to $113.00 per share. The shares have been rated ‘Hold’ by the firm. Bank of America said it Initiates Coverage on Casey's General Stores Inc, according to a research note issued on Jul 25, 2016. The shares have been rated ‘Buy’ by the firm. On Jun 29, 2016, Goldman Sachs said it Upgrades its rating on Casey's General Stores Inc. In the research note, the firm Raises the price-target to $123.00 per share. The shares have been rated ‘Buy’ by the firm.

Casey's General Stores Inc (CASY) shares turned negative on Tuesdays trading session with the shares closing down -0.64 points or -0.53% at a volume of 3,10,155. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $120.35. The peak price level was also seen at $120.35 while the days lowest was $118.19. Finally the shares closed at $119.08. The 52-week high of the shares is $136.2199 while the 52-week low is $98.8. According to the latest information available, the market cap of the company is $4,666 M.

Casey's General Stores Inc(CASY) last announced its earnings results on Sep 6, 2016 for Fiscal Year 2017 and Q1.Company reported revenue of $1.97B. Analysts had an estimated revenue of $1.97B. Earnings per share were $1.70. Analysts had estimated an EPS of $1.81.

Several Insider Transactions has been reported to the SEC. On Jul 1, 2016, Julia L Jackowski (SVP, Corp Gen Counsel) sold 3,000 shares at $127.75 per share price.Also, 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.

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