Jefferies Believes Casey’s General (CASY) Won’t Stop Here


Jefferies analyst Christopher Mandeville maintained a Buy rating on Casey’s General (NASDAQ: CASY) today and set a price target of $142. The company’s shares closed yesterday at $124.78, close to its 52-week high of $130.50.

According to TipRanks.com, Mandeville is a 4-star analyst with an average return of 9.3% and a 62.2% success rate. Mandeville covers the Services sector, focusing on stocks such as Core-Mark Holding Company, Performance Food Group, and US Food Holdings Corp.

Currently, the analyst consensus on Casey’s General is a Moderate Buy with an average price target of $134.20, implying a 7.5% upside from current levels. In a report released yesterday, Deutsche Bank also maintained a Buy rating on the stock with a $142 price target.

.

See today’s analyst top recommended stocks >>

The company has a one-year high of $130.50 and a one-year low of $90.42. Currently, Casey’s General has an average volume of 417.9K.

Based on the recent corporate insider activity of 23 insiders, corporate insider sentiment is negative on the stock. Most recently, in June 2018, Terry Handley, the President & CEO of CASY sold 1,342 shares for a total of $134,361.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Casey’s General Stores, Inc. engages in the management and operation of convenience stores and gasoline stations. It offers food, beverages, tobacco products, health and beauty aids, automotive products, and other nonfood items. The company was founded by Donald F. Lamberti in 1959 and is headquartered in Ankeny, IA.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts