RBC upgrades Casey's General Stores stock to Outperform at USD 825.00

Published on 10/20/2026 at 20:28 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q1 revenue rose 24.30 percent to USD 5.68 billion. Casey's General Stores stock costs EUR 613.40 at Lang & Schwarz on October 20, 2026.

RBC rating and quarterly figures

RBC Capital Markets upgraded Casey's General Stores to Outperform and set a USD 825.00 target on October 15, 2026.
Fiscal 2027 first-quarter revenue reached USD 5.68 billion for the period ended July 31, 2026.
Casey's General Stores stock costs EUR 613.40 at Lang & Schwarz on October 20, 2026 at 8:21 p.m. CEST.

CASY, US1475281036, Illustration mit AI erstellt.

Casey's General Stores (ISIN US1475281036) received an upgraded RBC Capital Markets rating on October 15, 2026, as the firm moved its view from Sector Perform to Outperform while cutting its price target from USD 910.00 to USD 825.00, Markets Insider reported. Casey's stock was trading at EUR 613.40 at Lang & Schwarz on October 20, 2026 at 8:21 p.m. CEST, after the Xetra session.

RBC cuts target after first-quarter update

The rating change came with a lower target, but the new USD 825.00 level remained 19.74 percent above the USD 688.97 Nasdaq price at 2:26 p.m. ET on October 20, 2026. The calculation uses the US price and target in the same currency.

GuruFocus said RBC analyst Irene Nattel cited a slowdown in same-store sales and integration challenges tied to the Fikes acquisition. The October 15 note therefore paired a more positive rating with a lower valuation benchmark.

Revenue reached USD 5.68 billion

Casey's fiscal 2027 first-quarter revenue reached USD 5.68 billion and net income attributable to common shareholders was USD 273.72 million for the period ended July 31, 2026. Diluted earnings per share were USD 7.37, while operating profit totaled USD 369.09 million.

Revenue was USD 4.57 billion in the fiscal 2026 fourth quarter, and net income was USD 162.68 million. The sequential comparison puts the latest quarter's revenue USD 1.11 billion higher and net income USD 111.04 million higher. These figures come from the company's investor-relations materials and quarterly financial information, Casey's General Stores states.

Valuation remains tied to growth

Casey's market capitalization was USD 25.5 billion on October 20, 2026, with a trailing P/E ratio of 33.17 and a 52-week range of USD 497.38 to USD 927.85. The Nasdaq quote was USD 688.97 at 2:26 p.m. ET, down USD 4.76 from the prior close of USD 693.73.

Comparison with peers

Murphy USA showed a P/E ratio of 16.35 and a market capitalization of USD 9.9 billion on October 20, 2026. Alimentation Couche-Tard showed a P/E ratio of 17.72 and a market capitalization of CAD 78.4 billion on the same date.

Trading level and business scale

Casey's operates convenience stores and gasoline stations, with prepared food, groceries and fuel forming its main customer offer. The investor-relations page reported approximately 47,000 team members, 19 states of operation and data as of July 31, 2026.

The stock was trading at EUR 613.40 at Lang & Schwarz on October 20, 2026 at 8:21 p.m. CEST, in after-hours trading. The further course of trading is shown by the continuously updated real-time quote of Casey's General Stores stock.