Analysts Set Crossamerica Partners LP (CAPL) Target Price at $27.52
Crossamerica Partners LP (NYSE:CAPL) has earned an average rating of “Buy” from the six research firms that are currently covering the company. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $27.75.
A number of equities analysts have issued reports on CAPL shares. FBR & Co reissued a “buy” rating on shares of Crossamerica Partners in a research report on Wednesday, March 15th. Royal Bank of Canada reissued a “hold” rating and set a $27.00 price target on shares of Crossamerica Partners in a research report on Thursday, April 13th. Finally, Zacks Investment Research raised shares of Crossamerica Partners from a “sell” rating to a “hold” rating in a research report on Wednesday, March 29th.
Several institutional investors have recently bought and sold shares of CAPL. Stephens Inc. AR purchased a new position in Crossamerica Partners during the third quarter valued at $201,000. PNC Financial Services Group Inc. raised its position in Crossamerica Partners by 1,111.1% in the third quarter. PNC Financial Services Group Inc. now owns 9,689 shares of the oil and gas company’s stock valued at $246,000 after buying an additional 8,889 shares during the period. Wells Fargo & Company MN raised its position in Crossamerica Partners by 12.9% in the third quarter. Wells Fargo & Company MN now owns 13,250 shares of the oil and gas company’s stock valued at $336,000 after buying an additional 1,519 shares during the period. Royal Bank of Canada raised its position in Crossamerica Partners by 1.4% in the second quarter. Royal Bank of Canada now owns 19,512 shares of the oil and gas company’s stock valued at $479,000 after buying an additional 264 shares during the period. Finally, GSA Capital Partners LLP raised its position in Crossamerica Partners by 16.8% in the fourth quarter. GSA Capital Partners LLP now owns 36,700 shares of the oil and gas company’s stock valued at $924,000 after buying an additional 5,274 shares during the period. 35.30% of the stock is owned by hedge funds and other institutional investors.
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Crossamerica Partners (NYSE:CAPL) traded up 0.08% on Monday, reaching $25.55. 9,671 shares of the company traded hands. The stock has a market capitalization of $856.54 million, a price-to-earnings ratio of 116.67 and a beta of 1.36. The stock’s 50-day moving average is $25.22 and its 200-day moving average is $25.87. Crossamerica Partners has a 1-year low of $22.50 and a 1-year high of $27.94.
Crossamerica Partners (NYSE:CAPL) last released its earnings results on Tuesday, February 28th. The oil and gas company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by $0.04. The company earned $501.47 million during the quarter, compared to analyst estimates of $477.76 million. Crossamerica Partners had a return on equity of 4.43% and a net margin of 0.60%. Equities research analysts expect that Crossamerica Partners will post $0.41 EPS for the current year.
About Crossamerica Partners
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.
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