Analysts Set Crossamerica Partners LP (CAPL) PT at $24.17

Shares of Crossamerica Partners LP (NYSE:CAPL) have earned a consensus rating of “Hold” from the nine analysts that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $24.17.

A number of equities analysts have issued reports on CAPL shares. Wells Fargo & Co upped their target price on Crossamerica Partners from $19.00 to $21.00 and gave the stock a “market perform” rating in a report on Tuesday, August 14th. ValuEngine raised Crossamerica Partners from a “strong sell” rating to a “sell” rating in a report on Tuesday, September 4th. B. Riley set a $25.00 target price on Crossamerica Partners and gave the stock a “buy” rating in a report on Wednesday, August 15th. Finally, Zacks Investment Research raised Crossamerica Partners from a “sell” rating to a “hold” rating in a report on Wednesday, July 25th.

In other news, Director John B. Reilly III bought 10,695 shares of the stock in a transaction on Friday, August 10th. The stock was acquired at an average price of $18.20 per share, with a total value of $194,649.00. Following the acquisition, the director now directly owns 199,916 shares in the company, valued at $3,638,471.20. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Institutional investors and hedge funds have recently modified their holdings of the business. LPL Financial LLC acquired a new position in Crossamerica Partners in the 1st quarter worth about $206,000. Creative Planning bought a new stake in shares of Crossamerica Partners in the 2nd quarter valued at about $238,000. BB&T Securities LLC bought a new stake in shares of Crossamerica Partners in the 1st quarter valued at about $325,000. Bank of Montreal Can bought a new stake in shares of Crossamerica Partners in the 2nd quarter valued at about $338,000. Finally, UBS Group AG grew its position in shares of Crossamerica Partners by 8.7% in the 1st quarter. UBS Group AG now owns 66,620 shares of the oil and gas company’s stock valued at $1,370,000 after buying an additional 5,313 shares during the last quarter. 32.72% of the stock is owned by institutional investors and hedge funds.

Crossamerica Partners stock opened at $17.88 on Friday. The company has a quick ratio of 0.61, a current ratio of 0.77 and a debt-to-equity ratio of 4.15. Crossamerica Partners has a 52 week low of $15.50 and a 52 week high of $26.52. The firm has a market cap of $623.25 million, a PE ratio of -223.50 and a beta of 1.24.

Crossamerica Partners (NYSE:CAPL) last posted its quarterly earnings results on Monday, August 6th. The oil and gas company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.09). Crossamerica Partners had a return on equity of 3.27% and a net margin of 0.66%. The business had revenue of $673.30 million for the quarter, compared to analyst estimates of $667.48 million. As a group, research analysts forecast that Crossamerica Partners will post -0.26 EPS for the current year.

About Crossamerica Partners

CrossAmerica Partners LP engages in the wholesale distribution of motor fuels, and ownership and leasing of real estate used in the retail distribution of motor fuels in the United States. The company operates in two segments, Wholesale and Retail. The wholesale segment engages in the wholesale distribution of motor fuels to lessee dealers, independent dealers, commission agents, operators of retail motor fuel stations, Circle K Stores Inc, and company operated retail sites.

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Analyst Recommendations for Crossamerica Partners (NYSE:CAPL)

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