Raymond James Downgrades CST Brands Inc to Market Perform

Brokerage firm Raymond James Downgrades its rating on CST Brands Inc(NYSE:CST). The shares have been rated Market Perform. Previously, the analysts had a Outperform rating on the shares. The rating by Raymond James was issued on Jul 22, 2016.

CST Brands Inc (CST) shares turned negative on Thursdays trading session with the shares closing down -0.08 points or -0.18% at a volume of 3,21,142. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $44.36. The peak price level was also seen at $44.36 while the days lowest was $43.71. Finally the shares closed at $43.98. The 52-week high of the shares is $45.739 while the 52-week low is $29.73. According to the latest information available, the market cap of the company is $3,329 M.

CST Brands Inc(CST) last announced its earnings results on May 6, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $2.03B. Analysts had an estimated revenue of $2.30B. Earnings per share were $0.27. Analysts had estimated an EPS of $0.23.

Several Insider Transactions has been reported to the SEC. On Mar 11, 2016, Gerard J Sonnier (SVP, GC and Secretary) purchased 1,000 shares at $39.50 per share price.Also, On Mar 10, 2016, Rocky Dewbre (director) purchased 5,200 shares at $39.10 per share price.On Aug 25, 2015, William G Moll (director) purchased 1,000 shares at $34.14 per share price, according to the Form-4 filing with the securities and exchange commission.

CST Brands Inc. (CST) is a holding company. The Company is an independent retail and wholesale distributors of motor fuel and convenience merchandise and services in North America. Its retail operations include the sale of motor fuel at convenience stores commission agents and cardlocks; the sale of convenience merchandise items and services at convenience stores and the sale of heating oil to residential customers and heating oil and motor fuel to small commercial customers. The Company operates in three segments: U.S. Retail which is the Company owned and operated convenience store businesses; Canadian Retail which includes company owned and operated convenience stores commission agents cardlocks and heating oil operations located in Canada and CrossAmerica which distributes motor fuel to lessee dealers independent dealers affiliated dealers CST’s U.S. Retail Segment and sub-wholesalers retail commission agents and non-core Company operated convenience stores.

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