Crossamerica Partners (NYSE:CAPL) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Tuesday. The brokerage currently has a $19.00 price target on the oil and gas company’s stock. Zacks Investment Research‘s price target points to a potential upside of 15.22% from the stock’s current price.

According to Zacks, “CrossAmerica Partners LP engages in the wholesale distribution of motor fuels, consisting of gasoline and diesel fuel, and owns and leases real estate used in the retail distribution of motor fuels. CrossAmerica Partners LP, formerly known as Lehigh Gas Partners LP, is headquartered in Allentown, Pennsylvania. “

Several other analysts have also recently issued reports on CAPL. B. Riley set a $25.00 target price on Crossamerica Partners and gave the company a “buy” rating in a research report on Wednesday, August 15th. ValuEngine raised Crossamerica Partners from a “strong sell” rating to a “sell” rating in a research report on Tuesday, September 4th. Finally, Wells Fargo & Co increased their target price on Crossamerica Partners from $19.00 to $21.00 and gave the company a “market perform” rating in a research report on Tuesday, August 14th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Crossamerica Partners presently has an average rating of “Hold” and a consensus price target of $23.20.

NYSE CAPL traded up $0.33 during midday trading on Tuesday, hitting $16.49. 121,300 shares of the company traded hands, compared to its average volume of 62,768. The company has a current ratio of 0.71, a quick ratio of 0.55 and a debt-to-equity ratio of 4.60. The stock has a market capitalization of $552.14 million, a PE ratio of -206.13, a price-to-earnings-growth ratio of 50.09 and a beta of 1.23. Crossamerica Partners has a 52 week low of $15.31 and a 52 week high of $25.13.

Crossamerica Partners (NYSE:CAPL) last announced its earnings results on Tuesday, November 6th. The oil and gas company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.14. The business had revenue of $670.81 million for the quarter, compared to analysts’ expectations of $707.98 million. Crossamerica Partners had a return on equity of 4.95% and a net margin of 0.71%. On average, equities analysts predict that Crossamerica Partners will post 0.08 earnings per share for the current fiscal year.

Institutional investors have recently bought and sold shares of the company. UBS Group AG increased its position in shares of Crossamerica Partners by 8.7% during the 1st quarter. UBS Group AG now owns 66,620 shares of the oil and gas company’s stock valued at $1,370,000 after purchasing an additional 5,313 shares during the last quarter. LPL Financial LLC purchased a new stake in shares of Crossamerica Partners during the 1st quarter valued at $206,000. Bank of Montreal Can purchased a new stake in shares of Crossamerica Partners during the 2nd quarter valued at $338,000. Creative Planning purchased a new stake in shares of Crossamerica Partners during the 2nd quarter valued at $238,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of Crossamerica Partners during the 2nd quarter valued at $5,916,000. 32.51% of the stock is owned by hedge funds and other institutional investors.

About Crossamerica Partners

CrossAmerica Partners LP engages in the wholesale distribution of motor fuels, and ownership and leasing of real estate used in the retail distribution of motor fuels in the United States. The company operates in two segments, Wholesale and Retail. The wholesale segment engages in the wholesale distribution of motor fuels to lessee dealers, independent dealers, commission agents, operators of retail motor fuel stations, Circle K Stores Inc, and company operated retail sites.

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