Yesway (NASDAQ:YSWY) Sets New 1-Year Low – Here’s Why

Yesway, Inc. (NASDAQ:YSWYGet Free Report)’s stock price hit a new 52-week low during trading on Wednesday . The company traded as low as $18.92 and last traded at $18.96, with a volume of 190148 shares. The stock had previously closed at $20.14.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. KeyCorp began coverage on Yesway in a research report on Monday, May 18th. They set an “overweight” rating and a $31.00 price target on the stock. Zacks Research raised Yesway to a “hold” rating in a research report on Tuesday, May 19th. Raymond James Financial began coverage on Yesway in a research note on Monday, May 18th. They set an “outperform” rating and a $30.00 target price on the stock. Guggenheim reiterated a “buy” rating on shares of Yesway in a research note on Wednesday, June 3rd. Finally, Barclays initiated coverage on Yesway in a research note on Monday, May 18th. They set an “overweight” rating and a $31.00 price target on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Yesway presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.12.

Get Our Latest Stock Analysis on YSWY

Yesway Stock Up 7.0%

The firm’s fifty day moving average price is $22.11.

About Yesway

(Get Free Report)

Yesway, traded on NASDAQ under the ticker YSWY, is a U.S.-based convenience store and fuel retail company that operates retail locations under the Yesway brand. The company’s core business is the operation of neighborhood convenience stores that provide quick-purchase retail items, on-site prepared foods, beverages and other convenience merchandise. Many locations also feature fuel dispensing, making Yesway a combined convenience and gasoline retailer for everyday consumers and motorists.

Yesway’s stores focus on high-turnover product categories typical of the convenience-retail sector, including snacks, cold beverages, coffee, single-serve and prepared food offerings, and commonly purchased household items.

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