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Why Casey's General Stores (CASY) is a Top Value Stock for the Long-Term

Zacks Equity Research
·2-min read

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.

While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.

Why Investors Should Pay Attention to This Value Stock

Finding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, and Price/Cash Flow to highlight the most attractive and discounted stocks.

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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 Jan 31, 2024, there were a total of 2,639 stores in operation.

CASY boasts a Value Style Score of A and VGM Score of B, and holds a Zacks Rank #3 (Hold) rating. Shares of Casey's General Stores are trading at a forward earnings multiple of 23.2X, as well as a PEG Ratio of 2.4, a Price/Cash Flow ratio of 16.3X, and a Price/Sales ratio of 0.8X.

A company's earnings performance is important for value investors as well. For fiscal 2024, two analysts revised their earnings estimate higher in the last 60 days for CASY, while the Zacks Consensus Estimate has increased $0.08 to $12.81 per share. CASY also holds an average earnings surprise of 12%.

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

To read this article on Zacks.com click here.

Zacks Investment Research