Could Casey's General Stores, Inc. (CASY) Go Up After Making 52-Week Low?

April 23, 2018 - By Clifton Ray

Casey's General Stores, Inc. (NASDAQ:CASY) Logo

Investors sentiment increased to 1.1 in Q4 2017. Its up 0.32, from 0.78 in 2017Q3. It increased, as 28 investors sold Casey's General Stores, Inc. shares while 83 reduced holdings. 43 funds opened positions while 79 raised stakes. 34.66 million shares or 2.38% less from 35.50 million shares in 2017Q3 were reported.
American Group holds 0.03% or 79,133 shares. Amundi Pioneer Asset owns 1,185 shares for 0% of their portfolio. Principal Financial Gru reported 162,308 shares. Manufacturers Life Insurance The invested 0.01% of its portfolio in Casey's General Stores, Inc. (NASDAQ:CASY). Peak6 Invests Lp holds 0% of its portfolio in Casey's General Stores, Inc. (NASDAQ:CASY) for 8,150 shares. Cwm Limited Liability Corp has invested 0% of its portfolio in Casey's General Stores, Inc. (NASDAQ:CASY). Prescott Grp Cap Management Limited Liability Corp invested in 0.23% or 10,087 shares. Amalgamated Commercial Bank owns 7,687 shares. Employees Retirement System Of Ohio holds 0.03% or 54,951 shares. Eastern Financial Bank has invested 0.03% of its portfolio in Casey's General Stores, Inc. (NASDAQ:CASY). Barclays Pcl invested in 0% or 4,946 shares. Maverick Capital Ltd owns 138,810 shares. 4,709 were accumulated by Advantus Cap Mgmt Incorporated. Bessemer Group has invested 0% of its portfolio in Casey's General Stores, Inc. (NASDAQ:CASY). Frontfour Cap Gp Lc reported 1.39% stake.

Since March 8, 2018, it had 2 buys, and 2 insider sales for $437,587 activity. HANDLEY TERRY W sold $148,495 worth of Casey's General Stores, Inc. (NASDAQ:CASY) on Thursday, March 15. Shares for $108,850 were sold by Walljasper William J. $439,080 worth of Casey's General Stores, Inc. (NASDAQ:CASY) was bought by Heiden Cara Kay.

The stock of Casey's General Stores, Inc. (NASDAQ:CASY) hit a new 52-week low and has $92.80 target or 6.00 % below today’s $98.72 share price. The 9 months bearish chart indicates high risk for the $3.71B company. The 1-year low was reported on Apr, 23 by Barchart.com. If the $92.80 price target is reached, the company will be worth $222.36M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 2.03% or $2.05 during the last trading session, reaching $98.72. About 214,847 shares traded. Casey's General Stores, Inc. (NASDAQ:CASY) has declined 3.24% since April 23, 2017 and is downtrending. It has underperformed by 14.79% the S&P500.

Analysts await Casey's General Stores, Inc. (NASDAQ:CASY) to report earnings on June, 4. They expect $0.80 EPS, up 5.26 % or $0.04 from last year’s $0.76 per share. CASY’s profit will be $30.03 million for 30.85 P/E if the $0.80 EPS becomes a reality. After $0.48 actual EPS reported by Casey's General Stores, Inc. for the previous quarter, Wall Street now forecasts 66.67 % EPS growth.

Casey's General Stores, Inc. (NASDAQ:CASY) Ratings Coverage

Among 7 analysts covering Casey’s General (NASDAQ:CASY), 3 have Buy rating, 0 Sell and 4 Hold. Therefore 43% are positive. Casey’s General had 17 analyst reports since December 6, 2017 according to SRatingsIntel. The firm has “Buy” rating by Stephens given on Friday, January 12. The firm has “Market Perform” rating given on Thursday, March 8 by Wells Fargo. RBC Capital Markets maintained it with “Hold” rating and $112.0 target in Monday, February 26 report. Gabelli initiated Casey's General Stores, Inc. (NASDAQ:CASY) rating on Friday, February 16. Gabelli has “Buy” rating and $162.0 target. The rating was maintained by RBC Capital Markets on Thursday, March 8 with “Hold”. The firm has “Hold” rating by BMO Capital Markets given on Wednesday, March 7. Stephens maintained Casey's General Stores, Inc. (NASDAQ:CASY) rating on Thursday, March 8. Stephens has “Buy” rating and $140.0 target. RBC Capital Markets maintained the stock with “Hold” rating in Tuesday, December 5 report. The rating was maintained by Stephens with “Buy” on Wednesday, March 21. The firm has “Hold” rating given on Monday, December 11 by RBC Capital Markets.

Casey??s General Stores, Inc., together with its subsidiaries, operates convenience stores under the Casey's and Casey??s General Store names. The company has market cap of $3.71 billion. The company??s stores offer a selection of food, including freshly prepared foods, such as pizza, donuts, and sandwiches; beverage and tobacco products; health and beauty aids; automotive products; school supplies, housewares, and pet supplies; and other nonfood items. It has a 11.59 P/E ratio. The Company’s stores also offer fuel for sale on a self-service basis.

Casey's General Stores, Inc. (NASDAQ:CASY) Institutional Positions Chart

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