BidaskClub upgraded shares of CST Brands, Inc. (NYSE:CST) from a strong sell rating to a sell rating in a research note issued to investors on Saturday.
Separately, Jefferies Group LLC set a $49.00 price objective on shares of CST Brands and gave the stock a hold rating in a research note on Wednesday, April 19th. Two equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. CST Brands presently has an average rating of Hold and an average target price of $45.88.
CST Brands (NYSE:CST) traded up 0.08% during midday trading on Friday, reaching $48.49. 766,385 shares of the company’s stock were exchanged. CST Brands has a 52 week low of $40.43 and a 52 week high of $48.52. The stock’s 50 day moving average is $48.36 and its 200 day moving average is $48.27. The firm has a market capitalization of $3.68 billion, a P/E ratio of 12.02 and a beta of 1.04.
CST Brands (NYSE:CST) last released its quarterly earnings data on Monday, May 8th. The specialty retailer reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by $0.09. CST Brands had a return on equity of 5.70% and a net margin of 3.17%. The business had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.45 billion. During the same quarter in the prior year, the firm earned $0.24 earnings per share. CST Brands’s quarterly revenue was up 16.4% compared to the same quarter last year. On average, analysts expect that CST Brands will post $1.60 EPS for the current fiscal year.
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Several hedge funds and other institutional investors have recently made changes to their positions in CST. Alyeska Investment Group L.P. purchased a new position in shares of CST Brands during the fourth quarter valued at $489,000. First Republic Investment Management Inc. increased its position in shares of CST Brands by 31.0% in the fourth quarter. First Republic Investment Management Inc. now owns 5,491 shares of the specialty retailer’s stock valued at $264,000 after buying an additional 1,300 shares during the period. GSA Capital Partners LLP increased its position in shares of CST Brands by 457.3% in the fourth quarter. GSA Capital Partners LLP now owns 40,588 shares of the specialty retailer’s stock valued at $1,954,000 after buying an additional 33,305 shares during the period. New York State Teachers Retirement System increased its position in shares of CST Brands by 5.7% in the fourth quarter. New York State Teachers Retirement System now owns 127,267 shares of the specialty retailer’s stock valued at $6,128,000 after buying an additional 6,900 shares during the period. Finally, Renaissance Technologies LLC purchased a new position in shares of CST Brands during the fourth quarter valued at $279,000. Institutional investors and hedge funds own 85.74% of the company’s stock.
CST Brands Company Profile
CST Brands, Inc (CST) is a holding company. The Company is an independent retail of motor fuel and convenience merchandise in the United States and eastern Canada. Its segments include U.S. Retail, Canadian Retail and CrossAmerica. As of December 31, 2016, its U.S. Retail segment had 1,167 Company-operated retail sites located in Arkansas, Arizona, Colorado, Florida, Georgia, Louisiana, New Mexico, New York, Oklahoma and Texas.
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