Yesway (NASDAQ:YSWY) Shares Up 6% – Still a Buy?

Yesway, Inc. (NASDAQ:YSWYGet Free Report)’s stock price shot up 6% during mid-day trading on Wednesday . The stock traded as high as $21.44 and last traded at $21.20. 89,388 shares traded hands during trading, a decline of 81% from the average session volume of 469,046 shares. The stock had previously closed at $20.00.

Analysts Set New Price Targets

Several brokerages recently issued reports on YSWY. Morgan Stanley began coverage on Yesway in a research report on Monday, May 18th. They set an “equal weight” rating and a $28.00 target price on the stock. The Goldman Sachs Group started coverage on Yesway in a research report on Monday, May 18th. They set a “neutral” rating and a $28.00 target price on the stock. Zacks Research upgraded shares of Yesway to a “hold” rating in a research note on Tuesday, May 19th. KeyCorp started coverage on shares of Yesway in a research note on Monday, May 18th. They set an “overweight” rating and a $31.00 price target on the stock. Finally, Raymond James Financial started coverage on shares of Yesway in a research note on Monday, May 18th. They set an “outperform” rating and a $30.00 price target on the stock. Three analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $29.63.

Read Our Latest Research Report on Yesway

Yesway Price Performance

Yesway Company Profile

(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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