Raymond James Gives Murphy USA a New Price Target of $335.00

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Raymond James has given Murphy ($NYSE:MUSA) USA a new price target of $335.00. Murphy USA is a company that operates convenience stores and gasoline stations.

Stock Price

This is largely due to the positive news coverage the company has been receiving. However, on Wednesday, the stock opened at $317.20 and closed at $306.50, down 3.8% from the previous closing price of $318.70. Despite this slight dip, Murphy USA remains a strong company with a bright future.

VI Analysis

As an investor, you would want to consider a company’s fundamentals in order to assess its long term potential. The VI app makes this easy to do with MURPHY USA. According to the VI Star Chart, MURPHY USA has a high health score of 8/10, considering its cashflows and debt. This indicates that the company is capable of sustaining future operations in times of crisis.

MURPHY USA is strong in growth, medium in dividend, profitability and weak in asset. This classification as a ‘gorilla’ company means that it has achieved stable and high revenue or earning growth due to its strong competitive advantage. This makes it an attractive company for growth-oriented investors who are looking for a company with a strong competitive advantage.

VI Peers

Its competitors are Casey’s General Stores, Tractor Supply Co, and Bed Bath & Beyond. Murphy USA has a significant presence in the southeastern United States, with over 1,400 stores in 28 states. The company is headquartered in El Dorado, Arkansas.

– Casey’s General Stores Inc ($NASDAQ:CASY)

Casey’s General Stores Inc is a publicly traded company with a market capitalization of 8.47 billion as of 2022. The company operates convenience stores in the United States and offers a variety of products and services including gasoline, prepared food, and other merchandise. Casey’s General Stores Inc has a return on equity of 14.75% as of 2022.

– Tractor Supply Co ($NASDAQ:TSCO)

Tractor Supply Co is a publicly traded company with a market capitalization of $23.47 billion as of 2022. The company has a return on equity of 44.38%, meaning that it has generated a significant amount of shareholder value over the years. Tractor Supply Co is a retailer of agricultural and construction equipment, supplies, and tools. The company operates over 2,000 stores across the United States and offers an extensive product selection online.

– Bed Bath & Beyond Inc ($NASDAQ:BBBY)

Bath & Beyond Inc. is a home furnishings retailer that sells a variety of products for the home, including kitchen and dining items, bedding, bathroom accessories, and home decor. The company has a market capitalization of $356.11 million and a return on equity of 146.77%. Bath & Beyond operates through a network of stores in the United States and Canada.

Summary

If you’re looking for a stock that could potentially offer a lot of upside, Murphy USA could be worth considering. The company operates gas stations and convenience stores in the United States, and it’s currently in the midst of a major expansion. Murphy USA is benefiting from the ongoing shift in consumer behavior away from traditional grocery store chains and toward convenience store chains.

The company is also benefiting from the continued growth of the U.S. economy. Murphy USA’s stock isn’t particularly cheap at the moment, but if the company can continue to execute on its expansion plans, there could be significant upside for shareholders.