TransMontaigne Partners L.P. (TLP) Receives $47.67 Average PT from Brokerages
Shares of TransMontaigne Partners L.P. (NYSE:TLP) have been given a consensus recommendation of “Buy” by the six analysts that are currently covering the company. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $47.50.
Several research firms have weighed in on TLP. Zacks Investment Research upgraded TransMontaigne Partners L.P. from a “hold” rating to a “strong-buy” rating and set a $47.00 price target for the company in a report on Friday. DA Davidson restated a “hold” rating on shares of TransMontaigne Partners L.P. in a report on Wednesday. FBR & Co began coverage on TransMontaigne Partners L.P. in a report on Friday, September 9th. They set an “outperform” rating and a $49.00 price target for the company. Mitsubishi UFJ Financial Group began coverage on TransMontaigne Partners L.P. in a report on Thursday, September 1st. They set a “neutral” rating and a $47.00 price target for the company. Finally, Stifel Nicolaus lifted their target price on TransMontaigne Partners L.P. from $45.00 to $47.00 and gave the stock a “buy” rating in a report on Wednesday, August 10th.
Large investors have recently modified their holdings of the company. Global X Management Co. LLC raised its stake in shares of TransMontaigne Partners L.P. by 7.8% in the third quarter. Global X Management Co. LLC now owns 4,077 shares of the company’s stock worth $168,000 after buying an additional 294 shares in the last quarter. Cypress Capital Management LLC WY raised its stake in shares of TransMontaigne Partners L.P. by 256.0% in the third quarter. Cypress Capital Management LLC WY now owns 4,450 shares of the company’s stock worth $184,000 after buying an additional 3,200 shares in the last quarter. Eqis Capital Management Inc. acquired a new stake in shares of TransMontaigne Partners L.P. during the third quarter worth about $207,000. NEXT Financial Group Inc raised its stake in shares of TransMontaigne Partners L.P. by 48.8% in the third quarter. NEXT Financial Group Inc now owns 6,100 shares of the company’s stock worth $252,000 after buying an additional 2,000 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake 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 worth $256,000 after buying an additional 4,689 shares in the last quarter.
TransMontaigne Partners L.P. (NYSE:TLP) opened at 41.95 on Thursday. The company has a market cap of $676.78 million, a P/E ratio of 20.07 and a beta of 0.48. The company’s 50 day moving average price is $40.60 and its 200-day moving average price is $40.87. TransMontaigne Partners L.P. has a one year low of $20.26 and a one year high of $46.45.
TransMontaigne Partners L.P. (NYSE:TLP) last released its quarterly earnings results on Tuesday, November 8th. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.12. The firm had revenue of $40.60 million for the quarter, compared to analysts’ expectations of $40.39 million. The business’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.37 EPS. On average, analysts forecast that TransMontaigne Partners L.P. will post $2.01 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, November 7th. Stockholders of record on Monday, October 31st were issued a $0.70 dividend. This is a boost from TransMontaigne Partners L.P.’s previous quarterly dividend of $0.69. The ex-dividend date of this dividend was Thursday, October 27th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 6.67%.
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.
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