Is Casey's General Stores (CASY) Stock Undervalued Right Now?

One stock to keep an eye on is Casey's General Stores (CASY) . CASY is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A. The stock holds a P/E ratio of 23.47, while its industry has an average P/E of 23.55. Over the last 12 months, CASY's Forward P/E has been as high as 24.86 and as low as 20.20, with a median of 22.13. Investors will also notice that CASY has a PEG ratio of 2.41. This popular figure is similar to the widely-used P/E ratio, but the PEG ratio also considers a compan ...