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Casey’s Analyst Recommendations Compared to Its Peers

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Wall Street’s view on Casey’s General Stores

In this final part of the series, we’ll look at Wall Street’s recommendations for Casey’s General Stores (CASY). Wall Street has a positive view on the company and has rated the stock 1.8 on a scale of 1.0 for “strong buy” to 5.0 for “sell.” In comparison, Walmart (WMT), Murphy USA (MUSA), and Kroger (KR) have received ratings of 2.7, 1.9, and 2.2, respectively.

Casey’s is covered by 13 Wall Street analysts. Of those analysts, 77.0% have recommended a “buy” for the company, and 23.0% have recommended a “hold.” None of the analysts have recommended a “sell.” Wall Street hasn’t given any “sell” ratings to CST Brands or Murphy USA, either.

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Analyst ratings and target price

Casey’s stock was trading at $122.67 on December 9, 2016. That price is 11.0% below its 52-week high. Analysts expect the stock to touch $135 per share within the next year. That indicates an upside of 10.0% from the company’s current stock price.

Murphy USA and Sunoco (SUN) have better potential upsides. Their stocks are expected to rise 24.0% and 37.0%, respectively, over the next 12 months. The two companies are currently trading ~20.0% and ~36.0%, respectively, below their 52-week highs.

Rating revisions after fiscal 2Q17 results

There have been no rating revisions since Casey’s posted its fiscal 2Q17 results. However, RBC Capital Markets revised its target price from $139 per share to $137 per share. The firm has given the company an “outperform” rating.

If you’re looking for exposure to Casey’s through ETFs, you can invest in the First Trust Consumer Staples AlphaDEX ETF (FXG). Casey’s makes up 1.1% of FXG.

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