Here's Why Casey's General Stores (CASY) is a Strong Value Stock
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.
Achieving those goals is made easier with the Zacks Style Scores, a unique set of guidelines that rates stocks based on popular investing methodologies, namely value, growth, and momentum. The Style Scores can help you narrow down which stocks are better for your portfolio and which ones can beat the market over the long-term.
Why Investors Should Pay Attention to This Value Stock
Different than growth or momentum investors, value-focused investors are all about finding good stocks at good prices, and discovering which companies are trading under what their true value is before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, and Price/Cash Flow to help pick out the most attractive and discounted stocks.
Casey's General Stores (CASY)
Founded in 1959 and based in Ankeny, IA, Casey's General Stores, Inc. operates convenience stores under the Casey's and Casey's General Store names in 16 states, mainly Iowa, Missouri and Illinois. As of Jul 31, 2023, there were a total of 2,536 stores in operation.
CASY is a Zacks Rank #1 (Strong Buy) stock, with a Value Style Score of B and VGM Score of A. Shares are currently trading at a forward P/E of 22.5X for the current fiscal year compared to the Retail - Convenience Stores industry's P/E of 22.5X. Additionally, CASY has a PEG Ratio of 2.1 and a Price/Cash Flow ratio of 14.1X. Value investors should also note CASY's Price/Sales ratio of 0.7X.
A company's earnings performance is important for value investors as well. For fiscal 2024, six analysts revised their earnings estimate higher in the last 60 days for CASY, while the Zacks Consensus Estimate has increased $1.18 to $12.64 per share. CASY also holds an average earnings surprise of 17.8%.
With strong valuation and earnings metrics, a good Zacks Rank, and top-tier Value and VGM Style Scores, investors should strongly think about adding CASY to their portfolios.
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Casey's General Stores, Inc. (CASY) : Free Stock Analysis Report
