Shares of CrossAmerica Partners LP (NYSE:CAPL) have been given an average recommendation of “Buy” by the ten brokerages that are currently covering the company. Four analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $28.16.

Several research firms have weighed in on CAPL. Janney Montgomery Scott reissued a “buy” rating and issued a $27.00 price target on shares of CrossAmerica Partners in a report on Thursday, June 23rd. Bank of America Corp. initiated coverage on shares of CrossAmerica Partners in a research report on Wednesday, September 7th. They set a “buy” rating and a $27.00 target price on the stock. Zacks Investment Research lowered shares of CrossAmerica Partners from a “hold” rating to a “sell” rating in a research report on Tuesday, July 26th. FBR & Co initiated coverage on shares of CrossAmerica Partners in a research report on Friday, September 9th. They set an “outperform” rating and a $35.00 target price on the stock. Finally, Robert W. Baird decreased their target price on shares of CrossAmerica Partners from $36.00 to $30.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 23rd.

In related news, Director Joseph V. Jr. Topper bought 25,000 shares of the business’s stock in a transaction on Friday, August 26th. The shares were purchased at an average price of $25.97 per share, for a total transaction of $649,250.00. Following the completion of the transaction, the director now directly owns 159,334 shares of the company’s stock, valued at approximately $4,137,903.98. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Joseph V. Jr. Topper bought 15,000 shares of the business’s stock in a transaction on Thursday, September 1st. The stock was bought at an average price of $25.92 per share, for a total transaction of $388,800.00. Following the transaction, the director now directly owns 159,334 shares of the company’s stock, valued at $4,129,937.28. The disclosure for this purchase can be found here.

A number of hedge funds have recently modified their holdings of CAPL. Royal Bank of Canada raised its stake in shares of CrossAmerica Partners by 1.4% in the second quarter. Royal Bank of Canada now owns 19,512 shares of the company’s stock worth $479,000 after buying an additional 264 shares in the last quarter. State Street Corp raised its stake in shares of CrossAmerica Partners by 3.9% in the first quarter. State Street Corp now owns 16,036 shares of the company’s stock worth $390,000 after buying an additional 600 shares in the last quarter. US Bancorp DE raised its stake in shares of CrossAmerica Partners by 29.8% in the second quarter. US Bancorp DE now owns 7,023 shares of the company’s stock worth $172,000 after buying an additional 1,613 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of CrossAmerica Partners by 2.7% in the second quarter. Van ECK Associates Corp now owns 159,927 shares of the company’s stock worth $3,921,000 after buying an additional 4,204 shares in the last quarter. Finally, Raymond James & Associates raised its stake in shares of CrossAmerica Partners by 9.9% in the second quarter. Raymond James & Associates now owns 95,440 shares of the company’s stock worth $2,340,000 after buying an additional 8,598 shares in the last quarter. Hedge funds and other institutional investors own 35.86% of the company’s stock.

CrossAmerica Partners (NYSE:CAPL) opened at 25.75 on Thursday. CrossAmerica Partners has a 52-week low of $17.39 and a 52-week high of $27.69. The company has a market cap of $860.10 million, a PE ratio of 49.90 and a beta of 1.39. The company has a 50-day moving average of $25.83 and a 200 day moving average of $24.34.

CrossAmerica Partners (NYSE:CAPL) last released its quarterly earnings results on Friday, August 5th. The company reported $0.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by $0.05. The company earned $512.60 million during the quarter, compared to the consensus estimate of $650.10 million. CrossAmerica Partners had a net margin of 0.94% and a return on equity of 7.16%. Equities research analysts predict that CrossAmerica Partners will post $0.33 EPS for the current year.

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 Company’s sites are located in Pennsylvania, New Jersey, Ohio, New York, Massachusetts, Kentucky, New Hampshire, Maine, Florida, Maryland, Delaware, Tennessee, Virginia, Illinois, Indiana and West Virginia.

5 Day Chart for NYSE:CAPL

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