Goldman Sachs Upgrades Casey's General Stores Inc to Buy with Price Target $145.00

Brokerage firm Goldman Sachs Upgrades its rating on Casey's General Stores Inc(NASDAQ:CASY). In a research note issued to the investors, the brokerage major Raises the price-target to $145.00 per share. The shares have been rated Buy. Previously, the analysts had a Neutral rating on the shares. The rating by Goldman Sachs was issued on Jun 29, 2016.

In a different note, On Jun 8, 2016, Jefferies said it Maintains its rating on Casey's General Stores Inc. In the research note, the firm Raises the price-target to $102.00 per share. The shares have been rated ‘Hold’ by the firm. Jefferies said it Initiates Coverage on Casey's General Stores Inc, according to a research note issued on Apr 7, 2016. The shares have been rated ‘Hold’ by the firm.

Casey's General Stores Inc (CASY) shares turned negative on Fridays trading session with the shares closing down -1.23 points or -0.94% at a volume of 7,06,820. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $132.35. The peak price level was also seen at $132.35 while the days lowest was $129.725. Finally the shares closed at $130.28. The 52-week high of the shares is $132.35 while the 52-week low is $95.3. According to the latest information available, the market cap of the company is $5,099 M.

Casey's General Stores Inc has also declared a cash dividend of $0.2400 on Jun 6, 2016. The shares will quote ex-dividend on Jul 28, 2016 and the record date has been fixed on Aug 1, 2016. The dividend payable date has been fixed on Aug 15, 2016.

Casey's General Stores Inc(CASY) last announced its earnings results on Jun 6, 2016 for Fiscal Year 2016 and Q4.Company reported revenue of $1.58B. Analysts had an estimated revenue of $1.56B. Earnings per share were $1.19. Analysts had estimated an EPS of $1.21.

Several Insider Transactions has been reported to the SEC. On Jun 22, 2016, Jeffrey M Lamberti (director) sold 8,400 shares at $118.21 per share price.Also, On Jun 20, 2016, Cindi Webb Summers (SVP, Human Resources) sold 1,163 shares at $117.04 per share price.On Jun 14, 2016, Terry W Handley (President & CEO) sold 15,000 shares at $118.54 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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