ValuEngine upgraded shares of Crossamerica Partners (NYSE:CAPL) from a strong sell rating to a sell rating in a research report report published on Tuesday morning.
Several other equities analysts have also issued reports on CAPL. B. Riley set a $29.00 target price on Crossamerica Partners and gave the stock a buy rating in a research report on Tuesday, May 8th. Zacks Investment Research upgraded Crossamerica Partners from a sell rating to a hold rating in a research report on Friday, May 11th. Finally, Wells Fargo & Co boosted their target price on Crossamerica Partners from $19.00 to $21.00 and gave the stock a market perform rating in a research report on Tuesday, August 14th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of $25.33.
Crossamerica Partners stock opened at $18.35 on Tuesday. The stock has a market cap of $633.23 million, a PE ratio of 183.90 and a beta of 1.25. Crossamerica Partners has a 1 year low of $15.50 and a 1 year high of $28.10. The company has a debt-to-equity ratio of 4.15, a current ratio of 0.77 and a quick ratio of 0.61.
The business also recently announced a quarterly dividend, which was paid on Monday, August 13th. Stockholders of record on Monday, August 6th were given a dividend of $0.525 per share. The ex-dividend date was Friday, August 3rd. This represents a $2.10 annualized dividend and a dividend yield of 11.44%. Crossamerica Partners’s payout ratio is currently -2,625.00%.
In other Crossamerica Partners news, Director John B. Reilly III acquired 10,695 shares of the firm’s stock in a transaction that occurred on Friday, August 10th. The stock was acquired at an average cost of $18.20 per share, for a total transaction of $194,649.00. Following the transaction, the director now owns 199,916 shares of the company’s stock, valued at $3,638,471.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Several institutional investors and hedge funds have recently modified their holdings of CAPL. LPL Financial LLC acquired a new position in shares of Crossamerica Partners in the 1st quarter valued at approximately $206,000. Creative Planning bought a new stake in Crossamerica Partners in the 2nd quarter valued at approximately $238,000. BB&T Securities LLC bought a new stake in Crossamerica Partners in the 1st quarter valued at approximately $325,000. Bank of Montreal Can bought a new stake in Crossamerica Partners in the 2nd quarter valued at approximately $338,000. Finally, Quadrant Private Wealth Management LLC lifted its stake in Crossamerica Partners by 9.4% in the 2nd quarter. Quadrant Private Wealth Management LLC now owns 69,474 shares of the oil and gas company’s stock valued at $1,173,000 after acquiring an additional 5,996 shares in the last quarter. Institutional investors and hedge funds own 32.72% of the company’s stock.
About Crossamerica Partners
CrossAmerica Partners LP engages in the wholesale distribution of motor fuels, and ownership and leasing of real estate used in the retail distribution of motor fuels in the United States. The company operates in two segments, Wholesale and Retail. The wholesale segment engages in the wholesale distribution of motor fuels to lessee dealers, independent dealers, commission agents, operators of retail motor fuel stations, Circle K Stores Inc, and company operated retail sites.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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