#6 - Casey’s General Stores (NASDAQ:CASY)
Casey’s General Stores (NASDAQ: CASY) operates a chain of gas stations and convenience stores in the United States. But if you want to see what may drive CASY stock, you can look overseas.
The Covid-19 lockdowns in China has been a drag on many stocks. But it may serve as a catalyst for a company that relies on business development in the United States. Right now, the U.S. heartland is expected to see an infrastructure bump as companies attempt to “onshore” their supply chains.
That puts many of these businesses where Casey’s operates the bulk of its 2,400 stores. That should be enough to build on its revenue and earnings growth at record levels. CASY stock is up over 75% in the last five years. In addition to that, the company has an impressive track record of dividend growth. The company has increased its dividend in each of the last 22 years.
About Casey's General Stores
Casey's General Stores, Inc engages in the provision of 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.
More- Current Price
- $429.42
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 7 Buy Ratings, 3 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $424.00 (1.3% Downside)
