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Why This 1 Momentum Stock Could Be a Great Addition to Your Portfolio

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.

Achieving those goals is made easier with the Zacks Style Scores, a unique set of guidelines that rates stocks based on popular investing methodologies, namely value, growth, and momentum. The Style Scores can help you narrow down which stocks are better for your portfolio and which ones can beat the market over the long-term.

Is This 1 Momentum Stock a Screaming Buy Right Now?

Momentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.

廣告

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 Oct 31, 2023, there were a total of 2,592 stores in operation.

CASY boasts a Momentum Style Score of A and VGM Score of A, and holds a Zacks Rank #3 (Hold) rating. Shares of Casey's General Stores has seen some interesting price action recently; the stock is up 0.6% over the past one week and up 3.8% over the past four weeks. And in the last one-year period, CASY has gained 47.1%. As for the stock's trading volume, 346,574.31 shares on average were traded over the last 20 days.

Momentum investors also pay close attention to a company's earnings. For CASY, three analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.24 to $12.88 per share for 2024. CASY boasts an average earnings surprise of 12%.

Investors should take the time to consider CASY for their portfolios due to its solid Zacks Ranks, notable earnings metrics, and impressive Momentum and VGM Style Scores.

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Casey's General Stores, Inc. (CASY) : Free Stock Analysis Report

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