TravelCenters of America (NASDAQ:TA) had its price objective increased by analysts at B. Riley to $10.00 in a research note issued to investors on Wednesday, The Fly reports. The firm currently has a “buy” rating on the specialty retailer’s stock. B. Riley’s price target suggests a potential upside of 78.57% from the company’s current price. B. Riley also issued estimates for TravelCenters of America’s Q2 2019 earnings at $0.13 EPS.
TA has been the subject of several other reports. Craig Hallum boosted their price target on TravelCenters of America from $6.50 to $10.00 in a research note on Wednesday. Zacks Investment Research cut TravelCenters of America from a “hold” rating to a “strong sell” rating in a research note on Thursday, June 21st. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. TravelCenters of America has an average rating of “Buy” and a consensus price target of $7.80.
TravelCenters of America stock opened at $5.60 on Wednesday. TravelCenters of America has a 12 month low of $3.05 and a 12 month high of $6.10. The company has a debt-to-equity ratio of 1.29, a quick ratio of 0.67 and a current ratio of 1.22.
TravelCenters of America (NASDAQ:TA) last posted its earnings results on Monday, August 6th. The specialty retailer reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.21 by ($0.26). TravelCenters of America had a negative net margin of 0.04% and a negative return on equity of 6.19%. The firm had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.86 billion. During the same period in the previous year, the company posted ($0.08) EPS. TravelCenters of America’s revenue for the quarter was up 22.7% compared to the same quarter last year. sell-side analysts anticipate that TravelCenters of America will post -0.68 earnings per share for the current fiscal year.
Several hedge funds have recently modified their holdings of TA. Connor Clark & Lunn Investment Management Ltd. lifted its stake in TravelCenters of America by 48.4% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 37,706 shares of the specialty retailer’s stock worth $132,000 after purchasing an additional 12,290 shares during the last quarter. Wells Fargo & Company MN lifted its stake in TravelCenters of America by 57.0% during the fourth quarter. Wells Fargo & Company MN now owns 40,522 shares of the specialty retailer’s stock worth $166,000 after purchasing an additional 14,708 shares during the last quarter. Braun Bostich & Associates Inc. lifted its stake in TravelCenters of America by 10.7% during the second quarter. Braun Bostich & Associates Inc. now owns 206,244 shares of the specialty retailer’s stock worth $722,000 after purchasing an additional 20,000 shares during the last quarter. Citadel Advisors LLC lifted its stake in TravelCenters of America by 300.4% during the second quarter. Citadel Advisors LLC now owns 30,349 shares of the specialty retailer’s stock worth $106,000 after purchasing an additional 22,770 shares during the last quarter. Finally, Ancora Advisors LLC lifted its stake in TravelCenters of America by 64.0% during the first quarter. Ancora Advisors LLC now owns 61,624 shares of the specialty retailer’s stock worth $222,000 after purchasing an additional 24,048 shares during the last quarter. Institutional investors and hedge funds own 31.35% of the company’s stock.
TravelCenters of America Company Profile
TravelCenters of America LLC operates travel centers and convenience stores in the United States and Canada. It operates in two segments, Travel Centers and Convenience Stores. Its travel centers offer 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 (QSR), and various customer amenities.
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