Casey's General Stores Reaches New 52-Week High (CASY)

NEW YORK ( TheStreet) -- Casey's General Stores (Nasdaq: CASY) hit a new 52-week high Tuesday as it is currently trading at $56.48, above its previous 52-week high of $56.44 with 25,954 shares traded as of 12:25 p.m. ET. Average volume has been 227,800 shares over the past 30 days.

Casey's General Stores has a market cap of $2 billion and is part of the services sector and retail industry. Shares are up 7.7% year to date as of the close of trading on Monday.

Casey's General Stores, Inc., together with its subsidiaries, operates convenience stores under the Casey's General Store, HandiMart, and Just Diesel names in 11 Midwestern states, primarily Iowa, Missouri, and Illinois. The company has a P/E ratio of 18.3, above the average retail industry P/E ratio of 17.9 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Casey's General Stores as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, compelling growth in net income, good cash flow from operations and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full Casey's General Stores Ratings Report.

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