CASY stock: buy or sell?
June 26th, 2019
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:
|New all-time high||Yes|
|New 52 week high||Yes|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
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.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-6-14||JPMorgan Chase & Co.||n/a||Neutral|
|2019-6-12||Wells Fargo & Co||n/a||Market Perform|
|2019-6-12||Jefferies Financial Group||n/a||Buy|
|2019-6-12||BMO Capital Markets||n/a||Market Perform|
|2019-4-25||JPMorgan Chase & Co.||n/a||Neutral|
CASY stock analysis
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.
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 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 $152.90Nobody 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:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-6-17||Deutsche Bank||Raises Target||$147.00||$166.00||12.9%|
|2019-6-14||JPMorgan Chase & Co.||Raises Target||$140.00||$152.00||8.6%|
|2019-6-12||Wells Fargo & Co||Reiterates||$130.00||$140.00||7.7%|
|2019-6-12||Jefferies Financial Group||Raises Target||$151.00||$167.00||10.6%|
|2019-6-12||BMO Capital Markets||Raises Target||$5.64||$140.00||2382.3%|
Financials and fundamental analysis
Earnings date and Earnings per ShareCaseys 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.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsIn 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%.
|2014||$7,840 M||-||$135 M1.7%||-|
|2014||$7,840 M||0.00%||$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 M||0.03%||$226 M3.2%||0.00%|
|2017||$7,510 M||5.45%||$177 M2.4%||-21.46%|
|2017||$7,507 M||-0.05%||$177 M2.4%||0.00%|
|2018||$8,390 M||11.77%||$318 M3.8%||79.11%|
|2018||$8,391 M||0.01%||$318 M3.8%||0.00%|
|TTM||$9,264 M||10.40%||$198 M2.1%||-37.74%|
Quarterly financial resultsCaseys 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.
|2017-Q2||$1,850 M||-||$30 M1.6%||-|
|2017-Q3||$2,090 M||12.97%||$57 M2.7%||88.70%|
|2017-Q4||$2,154 M||3.05%||$49 M2.3%||-13.82%|
|2018-Q1||$2,055 M||-4.60%||$193 M9.4%||294.47%|
|2018-Q2||$2,089 M||1.68%||$19 M0.9%||-90.02%|
|2018-Q3||$2,588 M||23.91%||$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 ownershipWhen 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:
|Market cap||$5.6 B||$439.7 M||$17.1 B||$2.7 B||$138.9 M|
|Total shares||36.6 M||14.2 M||798.4 M||32.2 M||40.4 M|
|Float shares||36.3 M||14.1 M||791.8 M||30.2 M||36.7 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 selling||0.0%||0.0%||0.0%||0.0%||0.0%|
|Wednesday, June 26th, 2019|
|Day range||$152.19 - $154.63|
|Average true range||$3.93|
|50d mov avg||$136.97|
|100d mov avg||$133.75|
|200d mov avg||$130.48|
Caseys General Stores performancePerformance 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.
|CASYCaseys General St...||18.55%||20.71%||46.32%|
|TATravelCenters of ...||-16.30%||-7.53%||-1.71%|