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Casey’s General Stores, Inc. (NASDAQ:CASY) stock soared to an all-time high, reaching a price level of $509.73. According to InvestingPro data, technical indicators suggest the stock is in overbought territory, with the company now commanding a market capitalization of $18.8 billion and trading at a P/E ratio of 34.3. This milestone underscores a period of robust performance for the convenience store chain, which has seen its stock value climb by an impressive 35.89% over the past year, supported by revenue growth of 7.25%. Investors attribute this surge to the company’s strategic expansion efforts and strong financial results, which have consistently outpaced market expectations. The all-time high represents a significant achievement for Casey’s General, reflecting investor confidence and the company’s solid position within the competitive retail landscape. InvestingPro analysis suggests the stock may be overvalued at current levels, with 13 additional exclusive ProTips available to subscribers, including detailed insights on dividend history and financial health metrics.
In other recent news, Casey’s General Stores has seen several analyst firms adjust their price targets following its fourth-quarter results. KeyBanc increased its price target to $550, highlighting strong fuel margins and market share gains. BMO Capital raised its target to $515, citing Casey’s consistent double-digit EBITDA growth, although it maintained a Market Perform rating due to valuation concerns. Jefferies also increased its target to $575, noting the company’s 11% year-over-year revenue growth and better-than-expected margins. Evercore ISI raised its price target to $530, attributing the increase to Casey’s solid execution and successful mergers and acquisitions. Goldman Sachs adjusted its target to $450, following a fourth-quarter earnings per share of $2.63, which exceeded expectations. Analysts across these firms project Casey’s to achieve 10-12% EBITDA growth in fiscal year 2026, maintaining confidence in the company’s business model. Despite some concerns over valuation, Casey’s is generally viewed favorably by analysts, with its strategic acquisitions and strong earnings performance being key highlights.
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