CASY stock: buy or sell?

CASY stock price: $152.32 -1.51% At close on June 26th, 2019

Updated on:
June 26th, 2019

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Caseys General Stores slightly fell -1.51% today to $152.32 after topping to all time highs on Friday.

Casey's General Stores, Inc., together with its subsidiaries, operates convenience stores under the Casey's and Casey's General Store names.

Should I buy CASY stock?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to choose and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.

These 2 buy setups work for Caseys General Stores stock now:

Buy setupElegible
New all-time highYes
New 52 week highYes
Price crossing up 200d MANo
100d MA crossing up 200d MANo

Is Caseys General Stores stock a buy?

Banks and financial institutions publish stock ratings everyday. At Stocks2.com, we collected 8 ratings published for CASY stock in the last 30 days.

Is CASY a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-6-17Deutsche Bankn/aBuy
2019-6-14JPMorgan Chase & Co.n/aNeutral
2019-6-13Stephensn/aOverweight
2019-6-12Wells Fargo & Con/aMarket Perform
2019-6-12Jefferies Financial Groupn/aBuy
2019-6-12BMO Capital Marketsn/aMarket Perform
2019-6-12Barclaysn/aEqual Weight
2019-4-25JPMorgan Chase & Co.n/aNeutral

CASY stock analysis

Daily outlook

After reaching all time highs on Friday, Caseys General Stores slightly fell -1.51% today to $152.32.

After several days of continuous hikes in past weeks, Caseys General Stores slightly fell -1.51% to $152.32. Since price and SMA100d lines crossed up on Jun/6, CASY climbed $21.17 (16.14%). On June/5, SMA50d and SMA100d crossed up triggering a rise of 15.74%. On Friday, CASY hit new all time highs, pushing higher previous ATH of $155.32 recorded on Thursday. New ATHs are usual entry points for many trading setups as there aren't higher resistences.

CASY stock chart (daily)

Weekly outlook

Caseys General Stores ended this week at $152.32 and depreciated a lame -1.11%. By mid June CASY skyrocketed an astounding 11.90% in just one week.

Caseys General Stores stock is trading in the range of its last top and last bottom. Loosing would mean breaking the current uptrend. Breakdowns under last bottom are selling point signals for some trading strategies. Not so far away is the last all-time high Caseys General Stores marked last week. Since SMA20d and SMA40w crossed up early October, CASY price climbed $24.08 per share (18.78%). Since late July 2018 when CASY stock price broke up the SMA40w line, it gained $44.45 (41.21%).

CASY stock chart (weekly)

CASY stock price history

CASY IPO was on October 20th, 1983 at $0.85 per share1. Since then, CASY stock surged a 17,820.00%, with an average of 509.10% per year. If you had invested right after CASY's IPO a $1,000 in CASY stock in 1983, it would worth $178,200.00 today.

1: Adjusted price after possible price splits or reverse-splits.

CASY stock historical price chart

CASY stock reached all-time highs on Friday with a price of $155.68.

CASY stock price target is $152.90

Nobody can reliably foresee how stock prices may evolve in the future. However, banks and other financial institutions analysts, with the help of lots of data and algorithms do their best to predict the stock prices movement. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. For the last 30 days we found 7 price forecasts for CASY stock:
CASY stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-6-17Deutsche BankRaises Target$147.00$166.0012.9%
2019-6-14JPMorgan Chase & Co.Raises Target$140.00$152.008.6%
2019-6-13StephensRaises Target$143.00$165.0015.4%
2019-6-12Wells Fargo & CoReiterates$130.00$140.007.7%
2019-6-12Jefferies Financial GroupRaises Target$151.00$167.0010.6%
2019-6-12BMO Capital MarketsRaises Target$5.64$140.002382.3%
2019-6-12BarclaysRaises Target$123.00$140.0013.8%
(in average)$119.90$152.9028.0%
Moving in a range from $167.00 and $140.00, the price forecast for Caseys General Stores stock is $152.90. In average, analysts' outlook on CASY price target is positive, increasing the forecast by a 28.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

Caseys General Stores reported super good results for 2019-Q1 on March. Caseys General Stores climbed Earnings per Share (EPS) by 25.60%, beating analysts consensus of $0.90. Caseys General Stores posted $1.13.
CASY earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q2-n/a0.76n/a
2017-Q3-n/a1.46n/a
2017-Q42018-03-070.630.48-23.8%
2018-Q12018-03-070.590.48-18.6%
2018-Q22018-06-120.680.51-25.0%
2018-Q32018-09-101.681.913.1%
2018-Q42018-12-101.551.816.1%
2019-Q12019-03-110.91.1325.6%
2019-Q2-n/an/an/a
2019-Q3-n/an/an/a

Annual financial results

In 2018, Caseys General Stores annual sales remained stable a tight 0.01% to $8,391.12 million USD from $8,390.00 marked in 2018. When comparing 2018 vs 2018, aligned with this, profit margin (that is, the net income divided by revenues) remained stable a 0.00% to 3.79%.

To have an up to date view of the financial situation of Caseys General Stores, we have calculated the trailing twelve month (TTM) sales and income figures. TTM values are the sum of the last 4 quarters and aproximate to an annual fiscal report ending in 2019-Q1 that can be compared to 2018 fiscal year results. Annual Caseys General Stores TTM sales up to January 2019 were $9,263.55 and income was $197.94 million USD. When comparing this TTM figures with the last reported annuality, we can review Caseys General Stores business evolution since April 2018: Annual sales up to January, compared to lastest yearly report, climbed a brilliant 10.40%. On the other hand, profit margin (net income/sales) decreased at 3.79%.

CASY annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2014$7,840 M-$135 M1.7%-
2014$7,840 M0.00%$135 M1.7%0.00%
2015$7,770 M-0.89%$181 M2.3%34.29%
2015$7,767 M-0.04%$181 M2.3%0.00%
2016$7,120 M-8.33%$226 M3.2%25.11%
2016$7,122 M0.03%$226 M3.2%0.00%
2017$7,510 M5.45%$177 M2.4%-21.46%
2017$7,507 M-0.05%$177 M2.4%0.00%
2018$8,390 M11.77%$318 M3.8%79.11%
2018$8,391 M0.01%$318 M3.8%0.00%
TTM $9,264 M10.40%$198 M2.1%-37.74%

Quarterly financial results

Caseys General Stores posted $2,048.08 million in sales for 2019-Q1, a -19.30% decline compared to previous quarter. Reported quarter income marked $41.84 M with a profit margin of 2.04%. Profit margin remained steady a -0.58% compared to previous quarter when profit margin was 2.62%. When comparing revenues to same quarter last year, Caseys General Stores sales marked a tight move and stayed stable a -0.32%. Looking back to recent quarterly results, Caseys General Stores posted 2 negative quarters in a row.
CASY quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q2$1,850 M-$30 M1.6%-
2017-Q3$2,090 M12.97%$57 M2.7%88.70%
2017-Q4$2,154 M3.05%$49 M2.3%-13.82%
2018-Q1$2,055 M-4.60%$193 M9.4%294.47%
2018-Q2$2,089 M1.68%$19 M0.9%-90.02%
2018-Q3$2,588 M23.91%$70 M2.7%264.57%
2018-Q4$2,538 M-1.95%$67 M2.6%-5.14%
2019-Q1$2,048 M-19.30%$42 M2.0%-37.20%

Caseys General Stores ownership

When you are planning to invest in shares of a stock, it's worth to check its ownership structure.

Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For Caseys General Stores, 1.15% of all outstanding shares are owned by its staff.

Bearish positions for CASY stock account 0.00%, no big difference from last month.

For a better context understanding, the following table shows ownership data compared to other related companies:

CASYIMKTAKRMUSATA
Market cap$5.6 B$439.7 M$17.1 B$2.7 B$138.9 M
Total shares36.6 M14.2 M798.4 M32.2 M40.4 M
Float shares36.3 M14.1 M791.8 M30.2 M36.7 M
  - Institutional holdings (%)89.6%91.9%84.5%88.3%59.5%
  - Insider holdings (%)1.1%0.4%0.7%7.9%0.2%
Shares in short selling0.0%0.0%0.0%0.0%0.0%

CASY summary

Wednesday, June 26th, 2019
Open$154.63
Close$152.32
Day range$152.19 - $154.63
Previous close$154.66
Session gain-1.51%
Average true range$3.93
50d mov avg$136.97
100d mov avg$133.75
200d mov avg$130.48
Daily pattern
Weekly pattern lt06a

Caseys General Stores performance

Performance as an absolute value is never valid if it's not benchmarked against competitors or related stocks in the industry. We picked Ingles Markets, Kroger, Murphy USA, TravelCenters of America and Weis Markets as the bechmarking frame for Caseys General Stores stock.
Stock3m6m12m
CASYCaseys General St...18.55%20.71%46.32%
IMKTAIngles Markets12.97%18.36%-0.29%
KRKroger-12.39%-21.50%-23.19%
MUSAMurphy USA-3.06%10.56%11.72%
TATravelCenters of ...-16.30%-7.53%-1.71%
WMKWeis Markets-10.91%-21.93%-30.57%

Caseys General Stores competitors

We picked a few stocks to conform a list of Caseys General Stores competitors to examine if you are interested in investing in CASY: