TravelCenters of America (NASDAQ:TA) posted its quarterly earnings results on Sunday. The specialty retailer reported ($0.37) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.72) by $0.35, Fidelity Earnings reports. TravelCenters of America had a negative return on equity of 1.40% and a net margin of 0.69%.
TA traded down $2.36 on Tuesday, reaching $25.89. 3,299 shares of the company traded hands, compared to its average volume of 154,679. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.33 and a quick ratio of 0.96. The company has a market cap of $377.24 million, a price-to-earnings ratio of 6.63 and a beta of 2.04. TravelCenters of America has a 52-week low of $8.15 and a 52-week high of $35.99. The stock’s 50 day moving average price is $27.12 and its 200-day moving average price is $29.49.
Several research analysts have commented on TA shares. CIBC raised shares of TravelCenters of America to an “outperformer” rating and lifted their price objective for the stock from $10.00 to $13.00 in a research note on Wednesday, January 13th. Zacks Investment Research upgraded TravelCenters of America from a “strong sell” rating to a “hold” rating in a report on Tuesday. BTIG Research lifted their target price on TravelCenters of America from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Tuesday, April 27th. Finally, Credit Suisse Group upgraded shares of TravelCenters of America from a “neutral” rating to an “outperform” rating in a report on Monday. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. TravelCenters of America presently has a consensus rating of “Buy” and an average target price of $34.25.
TravelCenters of America Inc operates travel centers and standalone restaurants in the United States and Canada. Its travel centers offer a range of products and services, including diesel fuel and gasoline, diesel exhaust fluid, and truck repair and maintenance, and roadside services, as well as operates full service and quick service restaurants, and various customer amenities.
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