Shares of TransMontaigne Partners L.P. (NYSE:TLP) have earned a consensus rating of “Buy” from the six ratings firms that are currently covering the firm. Three equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $46.38.

A number of research analysts have issued reports on the stock. FBR & Co assumed coverage on shares of TransMontaigne Partners L.P. in a report on Friday, September 9th. They issued an “outperform” rating and a $49.00 price target for the company. DA Davidson assumed coverage on shares of TransMontaigne Partners L.P. in a report on Thursday, August 18th. They issued a “neutral” rating and a $42.50 price target for the company. Stifel Nicolaus raised their price target on shares of TransMontaigne Partners L.P. from $45.00 to $47.00 and gave the stock a “buy” rating in a report on Wednesday, August 10th. Mitsubishi UFJ Financial Group assumed coverage on shares of TransMontaigne Partners L.P. in a report on Thursday, September 1st. They issued a “neutral” rating and a $47.00 price target for the company. Finally, Zacks Investment Research raised shares of TransMontaigne Partners L.P. from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 6th.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Acrospire Investment Management LLC acquired a new position in shares of TransMontaigne Partners L.P. during the first quarter valued at about $141,000. Eqis Capital Management Inc. acquired a new position in shares of TransMontaigne Partners L.P. during the third quarter valued at about $207,000. Cypress Wealth Advisors LLC acquired a new position in shares of TransMontaigne Partners L.P. during the first quarter valued at about $253,000. JPMorgan Chase & Co. boosted its position in shares of TransMontaigne Partners L.P. by 304.7% in the second quarter. JPMorgan Chase & Co. now owns 6,228 shares of the company’s stock valued at $256,000 after buying an additional 4,689 shares during the period. Finally, Commonwealth Equity Services Inc boosted its position in shares of TransMontaigne Partners L.P. by 1.5% in the second quarter. Commonwealth Equity Services Inc now owns 6,872 shares of the company’s stock valued at $282,000 after buying an additional 102 shares during the period.

Shares of TransMontaigne Partners L.P. (NYSE:TLP) traded up 1.21% on Thursday, reaching $41.78. 39,404 shares of the company traded hands. The company has a 50-day moving average of $42.38 and a 200-day moving average of $40.50. TransMontaigne Partners L.P. has a 1-year low of $20.26 and a 1-year high of $46.45. The stock has a market capitalization of $673.99 million, a price-to-earnings ratio of 22.28 and a beta of 0.48.

TransMontaigne Partners L.P. (NYSE:TLP) last posted its earnings results on Tuesday, August 9th. The company reported $0.50 EPS for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.01. The firm had revenue of $41.14 million for the quarter, compared to analysts’ expectations of $39.80 million. During the same period in the previous year, the company earned $0.64 EPS. The company’s revenue was up 11.1% on a year-over-year basis. Analysts anticipate that TransMontaigne Partners L.P. will post $1.91 earnings per share for the current fiscal year.

TransMontaigne Partners L.P. Company Profile

TransMontaigne Partners L.P. (TransMontaigne Partners) is a terminaling and transportation company with operations in the United States along the Gulf Coast, in the Midwest, in Brownsville, Texas, along the Mississippi and Ohio Rivers, and in the Southeast. Its segments are Gulf Coast terminals, Midwest terminals and pipeline system, Brownsville terminals, River terminals and Southeast terminals.

5 Day Chart for NYSE:TLP

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