FBR & Co Reiterates Buy Rating for TravelCenters of America LLC (TA)
TravelCenters of America LLC (NYSE:TA)‘s stock had its “buy” rating reaffirmed by research analysts at FBR & Co in a research report issued on Tuesday. They currently have a $10.00 target price on the specialty retailer’s stock, up from their prior target price of $9.00. FBR & Co’s price objective indicates a potential upside of 127.27% from the company’s current price.
TA has been the topic of a number of other reports. ValuEngine lowered TravelCenters of America from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. TheStreet lowered TravelCenters of America from a “c-” rating to a “d+” rating in a research note on Thursday, June 8th. Zacks Investment Research lowered TravelCenters of America from a “hold” rating to a “sell” rating in a research note on Tuesday, August 15th. Finally, Citigroup Inc. reaffirmed a “buy” rating and issued a $5.50 price target (down from $7.50) on shares of TravelCenters of America in a research note on Monday, May 15th. Two research analysts have rated the stock with a sell rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $7.75.
Shares of TravelCenters of America (TA) opened at 4.40 on Tuesday. The stock’s market cap is $174.05 million. The company’s 50-day moving average price is $3.54 and its 200 day moving average price is $4.62. TravelCenters of America has a 12-month low of $2.95 and a 12-month high of $7.75.
TravelCenters of America (NYSE:TA) last issued its quarterly earnings results on Tuesday, August 8th. The specialty retailer reported $0.03 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.01). The firm had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.55 billion. TravelCenters of America had a negative return on equity of 2.19% and a negative net margin of 0.20%. The business’s revenue was up 4.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.09 earnings per share. On average, equities analysts predict that TravelCenters of America will post ($0.69) earnings per share for the current year.
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Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Los Angeles Capital Management & Equity Research Inc. boosted its stake in TravelCenters of America by 18.0% during the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 16,414 shares of the specialty retailer’s stock worth $100,000 after buying an additional 2,500 shares during the last quarter. Highbridge Capital Management LLC acquired a new position in TravelCenters of America during the first quarter worth $106,000. Brandes Investment Partners LP acquired a new position in TravelCenters of America during the first quarter worth $109,000. Menta Capital LLC boosted its stake in TravelCenters of America by 71.0% during the first quarter. Menta Capital LLC now owns 30,113 shares of the specialty retailer’s stock worth $184,000 after buying an additional 12,505 shares during the last quarter. Finally, State Street Corp boosted its stake in TravelCenters of America by 29.5% during the second quarter. State Street Corp now owns 41,685 shares of the specialty retailer’s stock worth $171,000 after buying an additional 9,506 shares during the last quarter.
TravelCenters of America Company Profile
TravelCenters of America LLC (TravelCenters) operates and franchises travel centers and convenience store and restaurant locations. The Company’s segments include travel centers, convenience stores, and corporate and other. The Company offers a range of products and services, including diesel fuel and gasoline, as well as nonfuel products and services, such as truck repair and maintenance services, full service restaurants, quick service restaurants (QSRs), travel/convenience stores and various customer amenities.
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