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Caseys General Stores Inc. stock reached an all-time high, closing at 512.96 USD, with a market capitalization now exceeding $19 billion. According to InvestingPro analysis, the stock appears to be trading above its Fair Value, with analysts setting price targets ranging from $333 to $584. This milestone reflects a significant upward trajectory, with the stock experiencing a 34.47% increase over the past year. The steady climb in share price underscores investor confidence in the company’s performance and strategic direction, supported by 25 consecutive years of dividend increases and a strong financial health score of "GREAT" on InvestingPro. As Caseys General continues to expand its footprint in the convenience store sector, the stock’s impressive rise highlights its resilience and potential for further growth in a competitive market. The company maintains a moderate debt level and has achieved a 7.25% revenue growth in the last twelve months. For deeper insights into CASY’s growth prospects and comprehensive analysis, investors can access the detailed Pro Research Report available on InvestingPro, which covers over 1,400 top US stocks.
In other recent news, Casey’s General (NASDAQ:CASY) Stores has reported strong financial results for its fourth quarter, with revenues increasing 11% year-over-year. The company’s adjusted EBITDA and earnings per share exceeded consensus estimates, with both fuel and inside margins performing better than expected. Analysts have responded favorably to these results, with Jefferies raising its price target on Casey’s stock to $575, while maintaining a Buy rating. Similarly, KeyBanc increased its price target to $550, citing strong fuel margins and market share gains as key drivers of the company’s performance.
BMO Capital raised its price target to $515, noting Casey’s "meaningful outperformance" compared to its peers, although it maintained a Market Perform rating due to valuation concerns. Evercore ISI also raised its price target to $530, highlighting Casey’s solid execution and accretive mergers and acquisitions as factors contributing to its strength. Goldman Sachs increased its price target to $450, acknowledging the company’s strong earnings growth but maintaining a Neutral rating due to its valuation premium.
Casey’s management has issued guidance for fiscal year 2026, projecting 10-12% EBITDA growth, aligning with consensus estimates. Analysts from various firms, including Evercore ISI and Goldman Sachs, noted potential risks such as wage inflation and commodity volatility but generally expressed confidence in Casey’s business model and growth prospects. Overall, the company is positioned for continued growth, driven by strategic acquisitions and strong operational performance.
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