CrossAmerica Partners (CAPL) – Research Analysts’ Recent Ratings Updates

CrossAmerica Partners (NYSE: CAPL) has recently received a number of price target changes and ratings updates:

5/22/2018 – CrossAmerica Partners had its price target lowered by analysts at B. Riley from $29.00 to $25.00. They now have a “buy” rating on the stock. 5/11/2018 – CrossAmerica Partners was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “CrossAmerica Partners LP engages in the wholesale distribution of motor fuels, consisting of gasoline and diesel fuel, and owns and leases real estate used in the retail distribution of motor fuels. CrossAmerica Partners LP, formerly known as Lehigh Gas Partners LP, is headquartered in Allentown, Pennsylvania. “ 5/8/2018 – CrossAmerica Partners was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating. 5/8/2018 – CrossAmerica Partners was given a new $29.00 price target on by analysts at B. Riley. They now have a “buy” rating on the stock. 5/1/2018 – CrossAmerica Partners was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “CrossAmerica Partners LP engages in the wholesale distribution of motor fuels, consisting of gasoline and diesel fuel, and owns and leases real estate used in the retail distribution of motor fuels. CrossAmerica Partners LP, formerly known as Lehigh Gas Partners LP, is headquartered in Allentown, Pennsylvania. “ 4/17/2018 – CrossAmerica Partners had its “hold” rating reaffirmed by analysts at Stephens. They now have a $23.00 price target on the stock.

Shares of CrossAmerica Partners traded down $0.05, hitting $17.38, during trading hours on Wednesday, according to MarketBeat Ratings. The company had a trading volume of 16,674 shares, compared to its average volume of 83,596. CrossAmerica Partners has a 52-week low of $17.25 and a 52-week high of $29.80. The firm has a market cap of $593.01 million, a PE ratio of -217.28, a P/E/G ratio of 12.18 and a beta of 1.20. The company has a debt-to-equity ratio of 3.54, a current ratio of 0.81 and a quick ratio of 0.65.

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CrossAmerica Partners (NYSE:CAPL) last released its quarterly earnings data on Monday, February 26th. The oil and gas company reported $0.06 EPS for the quarter, hitting the consensus estimate of $0.06. CrossAmerica Partners had a return on equity of 4.73% and a net margin of 0.84%. The company had revenue of $552.66 million during the quarter, compared to the consensus estimate of $572.48 million. sell-side analysts anticipate that CrossAmerica Partners will post 0.24 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 25th. Investors of record on Friday, May 18th will be paid a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 12.08%. The ex-dividend date of this dividend is Thursday, May 17th. CrossAmerica Partners’s dividend payout ratio (DPR) is currently -2,625.00%.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. OppenheimerFunds Inc. raised its stake in CrossAmerica Partners by 10.8% during the 1st quarter. OppenheimerFunds Inc. now owns 3,783,442 shares of the oil and gas company’s stock valued at $77,788,000 after acquiring an additional 367,320 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in CrossAmerica Partners by 1.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,079,155 shares of the oil and gas company’s stock valued at $25,630,000 after acquiring an additional 18,180 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in CrossAmerica Partners by 2,703.0% in the first quarter. Wells Fargo & Company MN now owns 550,487 shares of the oil and gas company’s stock valued at $11,318,000 after acquiring an additional 530,848 shares in the last quarter. Global X Management Co. LLC boosted its holdings in CrossAmerica Partners by 8.2% in the first quarter. Global X Management Co. LLC now owns 340,027 shares of the oil and gas company’s stock valued at $6,991,000 after acquiring an additional 25,811 shares in the last quarter. Finally, Deutsche Bank AG boosted its holdings in CrossAmerica Partners by 150.9% in the fourth quarter. Deutsche Bank AG now owns 241,552 shares of the oil and gas company’s stock valued at $5,736,000 after acquiring an additional 145,272 shares in the last quarter. Hedge funds and other institutional investors own 33.06% of the company’s stock.

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.