Trade-Ideas LLC identified Casey's General Stores ( CASY) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Casey's General Stores as such a stock due to the following factors:

  • CASY has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $46.9 million.
  • CASY has traded 10,758 shares today.
  • CASY is trading at a new lifetime high.

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More details on CASY:

Casey's General Stores, Inc., together with its subsidiaries, operates convenience stores under the Casey's General Store name in 14 Midwestern states, primarily in Iowa, Missouri, and Illinois. The stock currently has a dividend yield of 0.7%. CASY has a PE ratio of 23. Currently there are 5 analysts that rate Casey's General Stores a buy, no analysts rate it a sell, and 3 rate it a hold.

The average volume for Casey's General Stores has been 526,100 shares per day over the past 30 days. Casey's General Stores has a market cap of $5.2 billion and is part of the services sector and retail industry. The stock has a beta of 0.35 and a short float of 7.6% with 4.35 days to cover. Shares are up 9.7% year-to-date as of the close of trading on Thursday.

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TheStreetRatings.com Analysis:

TheStreet Quant Ratings rates Casey's General Stores as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, increase in net income, notable return on equity and good cash flow from operations. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

Highlights from the ratings report include:
  • Investors have apparently begun to recognize positive factors similar to those we have mentioned in this report, including earnings growth. This has helped drive up the company's shares by a sharp 32.80% over the past year, a rise that has exceeded that of the S&P 500 Index. Regarding the stock's future course, although almost any stock can fall in a broad market decline, CASY should continue to move higher despite the fact that it has already enjoyed a very nice gain in the past year.
  • CASEYS GENERAL STORES INC has improved earnings per share by 13.3% in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, CASEYS GENERAL STORES INC increased its bottom line by earning $5.73 versus $4.62 in the prior year. This year, the market expects an improvement in earnings ($5.79 versus $5.73).
  • The net income growth from the same quarter one year ago has exceeded that of the S&P 500 and greatly outperformed compared to the Food & Staples Retailing industry average. The net income increased by 13.8% when compared to the same quarter one year prior, going from $41.34 million to $47.04 million.
  • The return on equity has improved slightly when compared to the same quarter one year prior. This can be construed as a modest strength in the organization. Compared to other companies in the Food & Staples Retailing industry and the overall market, CASEYS GENERAL STORES INC's return on equity exceeds that of both the industry average and the S&P 500.
  • Net operating cash flow has increased to $122.63 million or 20.43% when compared to the same quarter last year. Despite an increase in cash flow, CASEYS GENERAL STORES INC's average is still marginally south of the industry average growth rate of 28.37%.

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