Wells Fargo Sticks to Its Hold Rating for Casey’s General (CASY)

By Carrie Williams

In a report released yesterday, Bonnie Herzog from Wells Fargo maintained a Hold rating on Casey’s General (CASYResearch Report). The company’s shares closed last Monday at $169.96, close to its 52-week high of $173.31.

According to TipRanks.com, Herzog is a 4-star analyst with an average return of 3.6% and a 64.0% success rate. Herzog covers the Consumer Goods sector, focusing on stocks such as The Estée Lauder Companies Inc, Constellation Brands Inc, and Edgewell Personal Care.

Currently, the analyst consensus on Casey’s General is a Hold with an average price target of $160.50, a -2.6% downside from current levels. In a report issued on September 3, Sidoti also maintained a Hold rating on the stock with a $166 price target.

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The company has a one-year high of $173.31 and a one-year low of $116.23. Currently, Casey’s General has an average volume of 369.2K.

Based on the recent corporate insider activity of 39 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CASY in relation to earlier this year.

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 provides self-service gasoline, a wide selection of grocery items and an array of freshly prepared food items. The firm offers food, beverages, tobacco products, health and beauty aids, automotive products, and other non-food items.