Cass Information Faces Revenue Pressure From Volatile Freight Rates and Economic Headwinds

Cass Information (CASS) has disclosed a new risk, in the Costs category.

Cass Information is exposed to fluctuations in freight rates that directly affect its accounts and drafts payable, payments made in advance of funding, and the associated interest income and financial fees. Because freight rates are highly sensitive to carrier capacity, economic conditions, and other external factors, a sustained decline would likely reduce the company’s revenues and materially pressure its operating results.

The average CASS stock price target is $50.00, implying 11.61% upside potential.

To learn more about Cass Information’s risk factors, click here.