Shares of CrossAmerica Partners LP (NYSE:CAPL) have been assigned a consensus recommendation of “Buy” from the six research firms that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $27.75.
Several research firms recently commented on CAPL. FBR & Co reaffirmed a “buy” rating on shares of CrossAmerica Partners in a report on Wednesday, March 15th. Zacks Investment Research raised shares of CrossAmerica Partners from a “sell” rating to a “hold” rating in a report on Wednesday, March 29th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and issued a $27.00 price objective on shares of CrossAmerica Partners in a report on Thursday, April 13th.
Large investors have recently made changes to their positions in the stock. Wells Fargo & Company MN boosted its position in shares of CrossAmerica Partners by 2.3% in the first quarter. Wells Fargo & Company MN now owns 18,635 shares of the oil and gas company’s stock worth $488,000 after buying an additional 412 shares during the period. Stephens Inc. AR boosted its position in shares of CrossAmerica Partners by 8.2% in the first quarter. Stephens Inc. AR now owns 8,994 shares of the oil and gas company’s stock worth $235,000 after buying an additional 685 shares during the period. Mutual of America Capital Management LLC boosted its position in shares of CrossAmerica Partners by 0.8% in the first quarter. Mutual of America Capital Management LLC now owns 101,901 shares of the oil and gas company’s stock worth $2,668,000 after buying an additional 760 shares during the period. Credit Suisse AG boosted its position in shares of CrossAmerica Partners by 6.8% in the first quarter. Credit Suisse AG now owns 23,954 shares of the oil and gas company’s stock worth $628,000 after buying an additional 1,523 shares during the period. Finally, Iridian Asset Management LLC CT boosted its position in shares of CrossAmerica Partners by 2.5% in the first quarter. Iridian Asset Management LLC CT now owns 159,681 shares of the oil and gas company’s stock valued at $4,180,000 after buying an additional 3,820 shares during the period. 37.44% of the stock is currently owned by hedge funds and other institutional investors.
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CrossAmerica Partners (NYSE:CAPL) traded up 0.16% during midday trading on Tuesday, hitting $24.69. The stock had a trading volume of 45,246 shares. The company has a market cap of $832.70 million, a price-to-earnings ratio of 118.13 and a beta of 1.34. The company’s 50 day moving average is $24.79 and its 200 day moving average is $25.58. CrossAmerica Partners has a 1-year low of $23.01 and a 1-year high of $27.94.
CrossAmerica Partners (NYSE:CAPL) last issued its quarterly earnings data on Monday, May 8th. The oil and gas company reported $0.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.03 by $0.01. CrossAmerica Partners had a return on equity of 3.91% and a net margin of 0.44%. The firm had revenue of $469.29 million during the quarter, compared to the consensus estimate of $494.04 million. On average, equities analysts anticipate that CrossAmerica Partners will post $0.30 earnings per share for the current fiscal year.
CrossAmerica Partners Company Profile
CrossAmerica Partners LP is a limited partnership engaged in the wholesale distribution of motor fuel, and the ownership and leasing of real estate used in the retail distribution of motor fuel. The Company operates in two segments: wholesale and retail. The wholesale segment is engaged in the wholesale distribution of motor fuel to lessee dealers, independent dealers, commission agents, Dunne Manning Stores LLC (DMS), CST Brands, Inc and subsidiaries (CST) and company operated retail sites.
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