Why Casey's General Stores (CASY) is a Top Value Stock for the Long-Term
It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors.
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
Value investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, and Price/Cash Flow, the Value Style Score identifies the most attractive and most 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 Oct 31, 2023, there were a total of 2,592 stores in operation .
CASY is a Zacks Rank #1 (Strong Buy) stock, with a Value Style Score of B and VGM Score of B. 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 14.2X. Value investors should also note CASY's Price/Sales ratio of 0.7X.
Many value investors pay close attention to a company's earnings as well. For CASY, five analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.79 to $12.64 per share for 2024. Per share CASY boasts an average earnings surprise of 17.8%.
Investors should take the time to consider CASY for their portfolios due to its solid Zacks Ranks, notable earnings and valuation metrics, and impressive Value and VGM Style Scores.
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Casey's General Stores, Inc. (CASY) : Free Stock Analysis Report
