CrossAmerica Partners LP (NYSE:CAPL) has earned a consensus recommendation of “Buy” from the twelve brokerages that are presently covering the firm. Six research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $28.13.

A number of equities research analysts have recently issued reports on the company. Zacks Investment Research lowered CrossAmerica Partners from a “hold” rating to a “sell” rating in a research report on Thursday, October 20th. Royal Bank Of Canada assumed coverage on CrossAmerica Partners in a research report on Thursday, October 27th. They issued a “sector perform” rating and a $28.00 price target for the company. RBC Capital Markets assumed coverage on CrossAmerica Partners in a research report on Thursday, October 27th. They issued a “sector perform” rating and a $28.00 price target for the company. Robert W. Baird lowered their price objective on CrossAmerica Partners from $36.00 to $30.00 and set an “outperform” rating for the company in a research report on Tuesday, August 23rd. Finally, Bank of America Corp. assumed coverage on CrossAmerica Partners in a research report on Wednesday, September 7th. They issued a “buy” rating and a $27.00 price objective for the company.

CrossAmerica Partners (NYSE:CAPL) opened at 25.31 on Thursday. The stock has a 50 day moving average price of $26.00 and a 200 day moving average price of $24.75. The company has a market capitalization of $845.40 million, a price-to-earnings ratio of 49.05 and a beta of 1.37. CrossAmerica Partners has a 52-week low of $17.39 and a 52-week high of $27.91.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 15th. Stockholders of record on Friday, November 4th will be given a dividend of $0.6075 per share. This is a positive change from CrossAmerica Partners’s previous quarterly dividend of $0.51. This represents a $2.43 annualized dividend and a dividend yield of 9.60%. The ex-dividend date is Wednesday, November 2nd. CrossAmerica Partners’s dividend payout ratio (DPR) is currently 867.86%.

In related news, Director Joseph V. Jr. Topper acquired 25,000 shares of CrossAmerica Partners stock in a transaction dated Friday, August 26th. The shares were acquired at an average cost of $25.97 per share, for a total transaction of $649,250.00. Following the completion of the purchase, the director now owns 159,334 shares in the company, valued at $4,137,903.98. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Joseph V. Jr. Topper acquired 15,000 shares of CrossAmerica Partners stock in a transaction dated 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 completion of the purchase, the director now owns 159,334 shares of the company’s stock, valued at approximately $4,129,937.28. The disclosure for this purchase can be found here.

Several hedge funds have recently made changes to their positions in CAPL. Mountain Lake Investment Management LLC boosted its stake in shares of CrossAmerica Partners by 4.6% in the third quarter. Mountain Lake Investment Management LLC now owns 591,100 shares of the company’s stock valued at $15,008,000 after buying an additional 26,100 shares during the last quarter. KCG Holdings Inc. bought a new stake in shares of CrossAmerica Partners during the third quarter valued at about $355,000. Stephens Inc. AR bought a new stake in shares of CrossAmerica Partners during the third quarter valued at about $201,000. Ameriprise Financial Inc. bought a new stake in shares of CrossAmerica Partners during the third quarter valued at about $200,000. Finally, Global X Management Co. LLC boosted its stake in shares of CrossAmerica Partners by 13.3% in the third quarter. Global X Management Co. LLC now owns 321,914 shares of the company’s stock valued at $8,173,000 after buying an additional 37,822 shares during the last quarter. Institutional investors and hedge funds own 35.56% of the company’s stock.

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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