They now have a Dollars 48.53 price target on the stock.
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Several hedge funds and institutional investors have recently bought and sold shares of the company. Quantitative Systematic Strategies LLC purchased a new position in shares of CST Brands during the second quarter worth about $771,000.
On Monday Goldman Sachs upgraded its target price on L Brands Inc (NYSE:LB) shares issuing the company with a “Buy” rating. Financial Architects Inc now owns 1,749 shares of the company’s stock worth $117,000 after buying an additional 631 shares in the last quarter. First Republic Investment Management Inc. purchased a new position in CST Brands during the first quarter worth about $222,000. The investment firm sold 16,761 shares of LB which is valued $1,234,615.Brown Advisory Inc reduced its stake in LB by selling 158 shares or 3.07% in the most recent quarter. Envestnet Asset Management Inc. now owns 7,075 shares of the company’s stock worth $271,000 after buying an additional 3,081 shares during the last quarter. LLC IN increased its position in shares of CST Brands by 0.8% in the second quarter. Gateway Investment Advisers LLC now owns 10,977 shares of the company’s stock worth $473,000 after buying an additional 2,300 shares during the last quarter. The stock has a market cap of $22.43 billion and a P/E ratio of 19.02. Post opening the session at $47.43, the shares hit an intraday low of $47.23 and an intraday high of $48 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red. The company’s 50-day moving average is $72.39 and its 200-day moving average is $75.96.
Earnings per share for the second quarter ended July 30, 2016, were $0.87 compared to $0.68 for the quarter ended August 1, 2015. The business had revenue of $2.52 billion for the quarter, compared to analyst estimates of $2.57 billion. During the same quarter in the previous year, the company posted $0.68 EPS. The company’s revenue was up 4.5% compared to the same quarter previous year.
A number of other research firms also recently commented on CST. Zacks Investment Research lowered CST Brands from a buy rating to a hold rating in a research note on Monday, May 2nd. Piper Jaffray Cos. cut shares of L Brands from a neutral rating to an underweight rating and set a $65.00 price objective on the stock.in a research note on Thursday, May 5th. Credit Suisse Group AG reissued a “hold” rating and set a $39.00 target price on shares of CST Brands in a research report on Wednesday, August 17th.
Goldman Sachs gave the share price of L Brands Inc a price target of 94 meaning the broker expects a potential upside of 20.88% from L Brands Inc’s current market price of 77.76. Two equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and thirteen have assigned a buy rating to the company’s stock.
On 7/25/2016, Raymond James released a statement about CST Brands (NYSE:CST) held the target price at $0.00.
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CST Brands, Inc. (CST) is a holding company. The Company is an independent retail and wholesale distributors of motor fuel and convenience merchandise and services in North America.
