ValuEngine Upgrades CrossAmerica Partners (CAPL) to “Hold”

ValuEngine upgraded shares of CrossAmerica Partners (NYSE:CAPL) from a sell rating to a hold rating in a report released on Tuesday morning.

Several other equities research analysts have also recently commented on the stock. BidaskClub cut shares of CrossAmerica Partners from a buy rating to a hold rating in a research report on Thursday, September 21st. Royal Bank of Canada dropped their price target on shares of CrossAmerica Partners from $30.00 to $28.00 and set a sector perform rating on the stock in a research report on Thursday, November 9th. Finally, B. Riley set a $30.00 price target on shares of CrossAmerica Partners and gave the stock a buy rating in a research report on Monday, December 18th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of $29.00.

CrossAmerica Partners (CAPL) traded down $0.33 during mid-day trading on Tuesday, reaching $23.97. 34,431 shares of the company traded hands, compared to its average volume of 36,871. The firm has a market capitalization of $822.44, a P/E ratio of 2,397.00, a P/E/G ratio of 10.45 and a beta of 1.29. CrossAmerica Partners has a 1-year low of $22.57 and a 1-year high of $29.80. The company has a quick ratio of 0.57, a current ratio of 0.70 and a debt-to-equity ratio of 2.69.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Harvest Fund Advisors LLC raised its holdings in CrossAmerica Partners by 4.8% during the 3rd quarter. Harvest Fund Advisors LLC now owns 3,075,007 shares of the oil and gas company’s stock worth $83,794,000 after buying an additional 141,143 shares during the period. Goldman Sachs Group Inc. raised its holdings in CrossAmerica Partners by 2.9% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,089,908 shares of the oil and gas company’s stock worth $27,793,000 after buying an additional 30,751 shares during the period. Ameriprise Financial Inc. raised its holdings in CrossAmerica Partners by 71.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 17,339 shares of the oil and gas company’s stock worth $442,000 after buying an additional 7,217 shares during the period. Arrow Investment Advisors LLC acquired a new stake in CrossAmerica Partners during the 2nd quarter worth about $705,000. Finally, Global X MANAGEMENT CO LLC raised its holdings in CrossAmerica Partners by 3.5% during the 3rd quarter. Global X MANAGEMENT CO LLC now owns 308,664 shares of the oil and gas company’s stock worth $8,411,000 after buying an additional 10,312 shares during the period. Hedge funds and other institutional investors own 34.45% of the company’s stock.

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CrossAmerica Partners Company Profile

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for CrossAmerica Partners (NYSE:CAPL)

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