TravelCenters of America LLC (NASDAQ:TA) has received a consensus rating of “Buy” from the six ratings firms that are currently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $8.50.
TA has been the subject of several research reports. Craig Hallum boosted their price objective on TravelCenters of America from $6.50 to $10.00 in a research note on Wednesday. Zacks Investment Research upgraded TravelCenters of America from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 10th. Finally, B. Riley upped their price target on TravelCenters of America to $10.00 and gave the company a “buy” rating in a research report on Wednesday.
NASDAQ:TA opened at $5.60 on Tuesday. TravelCenters of America has a 12 month low of $3.05 and a 12 month high of $6.10. The company has a quick ratio of 0.67, a current ratio of 1.22 and a debt-to-equity ratio of 1.29. The company has a market cap of $234.65 million, a price-to-earnings ratio of -18.67 and a beta of 1.58.
TravelCenters of America (NASDAQ:TA) last posted its quarterly earnings data on Monday, August 6th. The specialty retailer reported ($0.05) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.26). TravelCenters of America had a negative return on equity of 6.19% and a negative net margin of 0.04%. The firm had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.86 billion. During the same quarter last year, the firm posted ($0.08) earnings per share. TravelCenters of America’s quarterly revenue was up 22.7% on a year-over-year basis. equities research analysts forecast that TravelCenters of America will post -0.68 earnings per share for the current year.
Hedge funds have recently bought and sold shares of the company. Wells Fargo & Company MN grew its holdings in TravelCenters of America by 57.0% during the 4th quarter. Wells Fargo & Company MN now owns 40,522 shares of the specialty retailer’s stock valued at $166,000 after buying an additional 14,708 shares in the last quarter. BlackRock Inc. grew its holdings in TravelCenters of America by 586.6% during the 1st quarter. BlackRock Inc. now owns 121,749 shares of the specialty retailer’s stock valued at $438,000 after buying an additional 104,016 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in TravelCenters of America by 38.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 966,914 shares of the specialty retailer’s stock valued at $3,481,000 after buying an additional 270,736 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in TravelCenters of America by 8.6% during the 1st quarter. Russell Investments Group Ltd. now owns 955,678 shares of the specialty retailer’s stock valued at $3,440,000 after buying an additional 75,276 shares in the last quarter. Finally, Southpaw Asset Management LP purchased a new position in TravelCenters of America during the 1st quarter valued at about $1,667,000. 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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