CrossAmerica Partners (NYSE:CAPL) Upgraded to “Hold” at ValuEngine

CrossAmerica Partners (NYSE:CAPL) was upgraded by ValuEngine from a “sell” rating to a “hold” rating in a report released on Tuesday, January 9th.

Several other brokerages have also recently weighed in on CAPL. BidaskClub cut shares of CrossAmerica Partners from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 25th. Royal Bank of Canada dropped their price target on shares of CrossAmerica Partners from $30.00 to $28.00 and set a “sector perform” rating on the stock in a research report on Thursday, November 9th. Finally, B. Riley set a $30.00 price target on shares of CrossAmerica Partners and gave the company a “buy” rating in a research report on Monday, December 18th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $29.00.

Shares of CrossAmerica Partners (NYSE:CAPL) traded down $0.22 during trading on Tuesday, reaching $23.96. The company’s stock had a trading volume of 23,990 shares, compared to its average volume of 35,545. The company has a debt-to-equity ratio of 2.69, a quick ratio of 0.57 and a current ratio of 0.70. The firm has a market cap of $815.05, a P/E ratio of 2,396.00, a P/E/G ratio of 10.62 and a beta of 1.29. CrossAmerica Partners has a 52-week low of $22.57 and a 52-week high of $29.80.

CrossAmerica Partners (NYSE:CAPL) last issued its earnings results on Tuesday, November 7th. The oil and gas company reported $0.09 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.02. CrossAmerica Partners had a return on equity of 5.03% and a net margin of 0.11%. analysts forecast that CrossAmerica Partners will post 0.02 earnings per share for the current fiscal year.

Large investors have recently bought and sold shares of the stock. Harvest Fund Advisors LLC raised its holdings in shares of CrossAmerica Partners by 4.8% in the 3rd quarter. Harvest Fund Advisors LLC now owns 3,075,007 shares of the oil and gas company’s stock worth $83,794,000 after purchasing an additional 141,143 shares during the period. Goldman Sachs Group Inc. grew its stake in CrossAmerica Partners by 2.9% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,089,908 shares of the oil and gas company’s stock valued at $27,793,000 after buying an additional 30,751 shares in the last quarter. Ameriprise Financial Inc. grew its stake in CrossAmerica Partners by 71.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 17,339 shares of the oil and gas company’s stock valued at $442,000 after buying an additional 7,217 shares in the last quarter. Arrow Investment Advisors LLC purchased a new position in CrossAmerica Partners in the 2nd quarter valued at approximately $705,000. Finally, Global X MANAGEMENT CO LLC grew its stake in CrossAmerica Partners by 3.5% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 308,664 shares of the oil and gas company’s stock valued at $8,411,000 after buying an additional 10,312 shares in the last quarter. 34.45% of the stock is currently owned by institutional investors.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for CrossAmerica Partners (NYSE:CAPL)

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