Benchmark Starts Casey's General Stores (CASY) at Buy
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Price: $855.00 -1.73%
Rating Summary:
20 Buy, 9 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 7 | Down: 16 | New: 37
Rating Summary:
20 Buy, 9 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 7 | Down: 16 | New: 37
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Benchmark initiates coverage on Casey's General Stores (NASDAQ: CASY) with a Buy rating and $73 price target on the stock.
"We contend that the shares have upside potential, given the Company's growth and operating margin opportunities," analyst Ronald Bookbinder states. "We believe over the next couple years, Casey's could continue to increase its store base, drive comps, and expand operating margins through Company specific initiatives, which could lead to years of revenue and earnings growth."
Bookbinder highlightedL Casey's small town opportunity; store growth of 4%-6% per year on its 1,700+ store base; Casey's most profitable product offering is the prepared food & fountain category; Casey's is increasing its competitiveness by offering extended hours in many of its locations.
The firm set FY 2013 EPS estimate of $2.86 and FY 2014 EPS estimate of $3.49.
For an analyst ratings summary and ratings history on Casey's General Stores click here. For more ratings news on Casey's General Stores click here.
Shares of Casey's General Stores closed at $63.40 yesterday.
"We contend that the shares have upside potential, given the Company's growth and operating margin opportunities," analyst Ronald Bookbinder states. "We believe over the next couple years, Casey's could continue to increase its store base, drive comps, and expand operating margins through Company specific initiatives, which could lead to years of revenue and earnings growth."
Bookbinder highlightedL Casey's small town opportunity; store growth of 4%-6% per year on its 1,700+ store base; Casey's most profitable product offering is the prepared food & fountain category; Casey's is increasing its competitiveness by offering extended hours in many of its locations.
The firm set FY 2013 EPS estimate of $2.86 and FY 2014 EPS estimate of $3.49.
For an analyst ratings summary and ratings history on Casey's General Stores click here. For more ratings news on Casey's General Stores click here.
Shares of Casey's General Stores closed at $63.40 yesterday.
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