#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, together with its subsidiaries, operates convenience stores under the Casey's and Casey's General Store names. Its stores offer pizza, donuts, breakfast items, and sandwiches; and tobacco and nicotine products. The company's stores provide soft drinks, energy, water, sports drinks, juices, coffee, and tea and dairy products; beer, wine, and spirits; snacks, candy, packaged bakery, and other food items; ice, ice cream, meals, and appetizers; health and beauty aids, automotive products, electronic accessories, housewares, and pet supplies; and ATM, lotto/lottery, and prepaid cards.
Read More - Current Price
- $427.88
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 8 Buy Ratings, 3 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $408.25 (4.6% Downside)
