Zacks Investment Research Upgrades TravelCenters of America LLC (TA) to “Buy”
Zacks Investment Research upgraded shares of TravelCenters of America LLC (NYSE:TA) from a sell rating to a buy rating in a research note released on Wednesday. Zacks Investment Research currently has $6.00 price objective on the specialty retailer’s stock.
According to Zacks, “TRAVELCENTERS OF AMERICA, LLC. is a full-service national travel center chain in the U.S., with nationwide locations serving hundreds of thousands of professional drivers and other highway travelers each month – including virtually all major trucking fleets. Their travel centers operate under the TravelCenters of America, TA and Petro brand names and offer diesel and gasoline fueling services, restaurants, heavy truck repair facilities, stores and other services. “
Several other brokerages have also recently commented on TA. FBR & Co restated a buy rating and set a $10.00 target price (up previously from $9.00) on shares of TravelCenters of America in a report on Tuesday, September 12th. Citigroup Inc. lowered shares of TravelCenters of America from a buy rating to a sell rating and set a $4.50 price target on the stock. in a research report on Wednesday. Two research analysts have rated the stock with a sell rating and two have given a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of $6.83.
TravelCenters of America (TA) opened at 4.70 on Wednesday. The company’s market cap is $185.91 million. TravelCenters of America has a 12-month low of $2.95 and a 12-month high of $7.75. The stock’s 50 day moving average is $4.19 and its 200-day moving average is $4.39.
TravelCenters of America (NYSE:TA) last announced its earnings results on Tuesday, August 8th. The specialty retailer reported $0.03 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.01). TravelCenters of America had a negative return on equity of 2.19% and a negative net margin of 0.20%. The business had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same quarter in the previous year, the company posted $0.09 EPS. The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. Analysts predict that TravelCenters of America will post ($0.69) earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Los Angeles Capital Management & Equity Research Inc. raised its position 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 acquiring an additional 2,500 shares in the last quarter. Highbridge Capital Management LLC bought a new stake in TravelCenters of America during the first quarter worth $106,000. Menta Capital LLC raised its position 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 acquiring an additional 12,505 shares in the last quarter. State Street Corp raised its position 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 acquiring an additional 9,506 shares in the last quarter. Finally, Oppenheimer & Co. Inc. raised its position in TravelCenters of America by 6.8% during the first quarter. Oppenheimer & Co. Inc. now owns 79,700 shares of the specialty retailer’s stock worth $486,000 after acquiring an additional 5,100 shares in 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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