Robert W. Baird cut shares of Crossamerica Partners (NYSE:CAPL) from an outperform rating to a neutral rating in a research report report published on Wednesday, MarketBeat Ratings reports.

Other analysts also recently issued research reports about the company. B. Riley set a $30.00 target price on Crossamerica Partners and gave the stock a buy rating in a research report on Monday, February 26th. Zacks Investment Research upgraded Crossamerica Partners from a hold rating to a buy rating and set a $27.00 target price for the company in a research report on Tuesday, January 9th. ValuEngine upgraded Crossamerica Partners from a sell rating to a hold rating in a research report on Tuesday, January 9th. Finally, Royal Bank of Canada lowered their price objective on Crossamerica Partners from $30.00 to $28.00 and set a sector perform rating for the company in a research report on Thursday, November 9th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. Crossamerica Partners has a consensus rating of Hold and a consensus price target of $28.83.

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Shares of Crossamerica Partners (CAPL) opened at $23.02 on Wednesday. The firm has a market capitalization of $796.50, a P/E ratio of 41.86, a P/E/G ratio of 13.25 and a beta of 1.17. Crossamerica Partners has a 12-month low of $21.31 and a 12-month high of $29.80. The company has a debt-to-equity ratio of 3.09, a current ratio of 0.86 and a quick ratio of 0.57.

The business also recently disclosed a dividend, which was paid on Monday, February 12th. Shareholders of record on Monday, February 5th were given a $0.6275 dividend. The ex-dividend date was Friday, February 2nd. This represents a yield of 0.0261785565289946%. This is an increase from Crossamerica Partners’s previous dividend of $0.51. Crossamerica Partners’s payout ratio is presently 456.37%.

Hedge funds have recently made changes to their positions in the business. Kayne Anderson Capital Advisors LP bought a new stake in Crossamerica Partners in the third quarter valued at approximately $272,000. Virtu Financial LLC bought a new stake in Crossamerica Partners in the fourth quarter valued at approximately $391,000. Ameriprise Financial Inc. lifted its position in Crossamerica Partners by 71.3% in the second quarter. Ameriprise Financial Inc. now owns 17,339 shares of the oil and gas company’s stock valued at $442,000 after purchasing an additional 7,217 shares during the last quarter. Royal Bank of Canada lifted its position in Crossamerica Partners by 17.1% in the second quarter. Royal Bank of Canada now owns 21,216 shares of the oil and gas company’s stock valued at $541,000 after purchasing an additional 3,098 shares during the last quarter. Finally, Neuberger Berman Group LLC bought a new stake in Crossamerica Partners in the third quarter valued at approximately $602,000. Hedge funds and other institutional investors own 34.26% of the company’s stock.

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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 wholesale segment is engaged in the wholesale distribution of motor fuel to lessee dealers, independent dealers, commission agents, Dunne Manning Stores LLC (DMS), CST Brands, Inc and subsidiaries (CST) and company operated retail sites.

Analyst Recommendations for Crossamerica Partners (NYSE:CAPL)

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