TravelCenters of America LLC (NYSE:TA) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday. The brokerage presently has a $5.00 price objective on the specialty retailer’s stock. Zacks Investment Research‘s price objective would indicate a potential upside of 7.53% from the stock’s current price.
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. “
Other analysts have also recently issued research reports about the stock. FBR & Co reaffirmed a “buy” rating and set a $10.00 price objective (up previously from $9.00) on shares of TravelCenters of America in a research note on Tuesday, September 12th. B. Riley reaffirmed a “buy” rating and set a $10.00 price objective on shares of TravelCenters of America in a research note on Wednesday, November 8th. Finally, Citigroup Inc. lowered shares of TravelCenters of America from a “buy” rating to a “sell” rating and set a $4.50 target price on the stock. in a report on Wednesday, October 11th. Two equities research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $7.38.
Shares of TravelCenters of America (NYSE:TA) opened at $4.65 on Friday. TravelCenters of America has a one year low of $2.95 and a one year high of $7.75.
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Hedge funds have recently modified their holdings of the company. Highbridge Capital Management LLC acquired a new position in shares of TravelCenters of America in the 1st quarter worth approximately $106,000. Dynamic Technology Lab Private Ltd purchased a new stake in TravelCenters of America during the 3rd quarter worth approximately $126,000. State Street Corp increased its stake in TravelCenters of America by 29.5% during the 2nd 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 period. Hanson & Doremus Investment Management increased its stake in TravelCenters of America by 144.7% during the 3rd quarter. Hanson & Doremus Investment Management now owns 54,430 shares of the specialty retailer’s stock worth $231,000 after buying an additional 32,185 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in TravelCenters of America by 354.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 65,876 shares of the specialty retailer’s stock worth $276,000 after buying an additional 51,374 shares during the period.
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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