Stephens Believes Casey’s General (NASDAQ: CASY) Won’t Stop Here

By Carrie Williams

Stephens analyst Ben Bienvenu reiterated a Buy rating on Casey’s General (NASDAQ: CASY) today and set a price target of $150. The company’s shares closed yesterday at $122.21, close to its 52-week high of $125.35.

According to TipRanks.com, Bienvenu is a 2-star analyst with an average return of 0.6% and a 56.3% success rate. Bienvenu covers the Services sector, focusing on stocks such as Core-Mark Holding Company, Kar Auction Services Inc, and Crossamerica Partners.

Currently, the analyst consensus on Casey’s General is Moderate Buy and the average price target is $127.20, representing a 4.1% upside.

In a report issued on January 5, Jefferies also maintained a Buy rating on the stock with a $143 price target.

The company has a one-year high of $125.35 and a one-year low of $99.76. Currently, Casey’s General has an average volume of 493.8K.

Based on the recent corporate insider activity of 24 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CASY in relation to earlier this year. Earlier this month, Terry Handley, the President & CEO of CASY bought 6,210 shares for a total of $199,945.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Casey’s General Stores, Inc. engages in the management and operation of convenience stores and gasoline stations. It offers food and beverages, health and beauty products, and school supplies. The company was founded by Donald F. Lamberti in 1959 and is headquartered in Ankeny, IA.