Casey’s General Stores, Inc. (CASY) Draws Price Target Hikes From KeyBanc and RBC Capital

Casey's General Stores, Inc. (NASDAQ:CASY) is included among 13 Best Long Term Low Risk Stocks to Buy Now.

On January 26, KeyBanc Capital Markets raised its terms proposal connected Casey's General Stores, Inc. (NASDAQ:CASY) to $680 from $650. The steadfast kept an Overweight rating, pointing to an improving outlook for the business.

A fewer days earlier, connected January 23, RBC Capital Markets besides lifted its terms people connected Casey’s, raising it to $662 from $591, portion maintaining a Sector Perform rating. In a broader enactment connected the convenience store space, the steadfast said stronger state margins, Casey’s agelong past of unchangeable demand, and coagulated momentum heading into the 4th fourth supported its affirmative view. That stance held adjacent arsenic consumers stay cautious and focused connected worth amid ongoing economical and geopolitical uncertainty.

The company’s President, CEO, and Board Chair said diluted net per stock reached $5.53, portion nett income roseate to $206 million, representing a 14% summation from a twelvemonth earlier connected some measures. EBITDA came successful astatine $410 million, up 17.5% twelvemonth implicit year.

He highlighted continued spot successful prepared foods and dispensed beverages, noting that customers responded good to caller paper items and promotional activity. Grocery and wide merchandise margins besides improved, supported by higher store postulation and effectual merchandising. He added that disciplined execution of the substance strategy, combined with a beardown in-store offering, delivered a 4th consecutive 4th of maturation successful substance gallons.

Casey's General Stores, Inc. (NASDAQ:CASY) operates astir 2,900 convenience stores crossed 19 states, offering self-service fuel, mundane market items, and a wide enactment of freshly prepared food.

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