CrossAmerica Partners LP (CAPL) Lowered to Sell at BidaskClub

BidaskClub lowered shares of CrossAmerica Partners LP (NYSE:CAPL) from a hold rating to a sell rating in a research note issued to investors on Saturday morning.

Other research analysts have also recently issued reports about the stock. Raymond James Financial, Inc. lifted their price objective on shares of CrossAmerica Partners from $28.00 to $30.00 and gave the company an outperform rating in a report on Thursday, July 27th. Bank of America Corporation cut shares of CrossAmerica Partners from a buy rating to a neutral rating and lifted their price objective for the company from $28.00 to $30.00 in a report on Wednesday, July 26th. Finally, Zacks Investment Research upgraded shares of CrossAmerica Partners from a hold rating to a buy rating and set a $28.00 price objective for the company in a report on Tuesday, July 11th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $30.00.

Shares of CrossAmerica Partners (NYSE CAPL) traded up 0.18% during trading on Friday, reaching $27.20. 26,478 shares of the company were exchanged. The firm’s market cap is $920.99 million. The stock’s 50-day moving average is $27.02 and its 200-day moving average is $25.94. CrossAmerica Partners has a 52-week low of $23.26 and a 52-week high of $29.80.

CrossAmerica Partners (NYSE:CAPL) last issued its quarterly earnings data on Monday, August 7th. The oil and gas company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). The business had revenue of $528.79 million for the quarter, compared to analyst estimates of $596.92 million. CrossAmerica Partners had a net margin of 0.06% and a return on equity of 4.11%. Equities research analysts predict that CrossAmerica Partners will post ($0.02) earnings per share for the current fiscal year.

WARNING: “CrossAmerica Partners LP (CAPL) Lowered to Sell at BidaskClub” was first posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this report on another domain, it was illegally copied and reposted in violation of U.S. & international copyright & trademark legislation. The correct version of this report can be read at https://ledgergazette.com/2017/10/08/crossamerica-partners-lp-capl-lowered-to-sell-at-bidaskclub.html.

In other CrossAmerica Partners news, Director Joseph V. Jr. Topper acquired 2,100 shares of CrossAmerica Partners stock in a transaction dated Wednesday, August 16th. The stock was purchased at an average cost of $26.24 per share, for a total transaction of $55,104.00. Following the completion of the acquisition, the director now directly owns 163,544 shares of the company’s stock, valued at $4,291,394.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director John B. Reilly III acquired 50,000 shares of CrossAmerica Partners stock in a transaction dated Thursday, August 10th. The shares were acquired at an average price of $26.00 per share, with a total value of $1,300,000.00. Following the completion of the acquisition, the director now directly owns 190,869 shares of the company’s stock, valued at $4,962,594. The disclosure for this purchase can be found here. Insiders have bought 122,235 shares of company stock valued at $3,257,064 over the last quarter.

A number of institutional investors have recently added to or reduced their stakes in the stock. Raymond James Financial Services Advisors Inc. boosted its holdings in CrossAmerica Partners by 0.3% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 92,698 shares of the oil and gas company’s stock worth $2,364,000 after purchasing an additional 303 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in CrossAmerica Partners by 2.3% during the first quarter. Wells Fargo & Company MN now owns 18,635 shares of the oil and gas company’s stock worth $488,000 after purchasing an additional 412 shares during the last quarter. Stephens Inc. AR boosted its holdings in CrossAmerica Partners by 8.2% during the first quarter. Stephens Inc. AR now owns 8,994 shares of the oil and gas company’s stock worth $235,000 after purchasing an additional 685 shares during the last quarter. Credit Suisse AG boosted its holdings in CrossAmerica Partners by 6.8% during the first quarter. Credit Suisse AG now owns 23,954 shares of the oil and gas company’s stock worth $628,000 after purchasing an additional 1,523 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its holdings in CrossAmerica Partners by 3.6% during the second quarter. Janney Montgomery Sc

Other research analysts have also recently issued reports about the stock. Raymond James Financial, Inc. lifted their price objective on shares of CrossAmerica Partners from $28.00 to $30.00 and gave the company an outperform rating in a report on Thursday, July 27th. Bank of America Corporation cut shares of CrossAmerica Partners from a buy rating to a neutral rating and lifted their price objective for the company from $28.00 to $30.00 in a report on Wednesday, July 26th. Finally, Zacks Investment Research upgraded shares of CrossAmerica Partners from a hold rating to a buy rating and set a $28.00 price objective for the company in a report on Tuesday, July 11th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $30.00.

Shares of CrossAmerica Partners (NYSE CAPL) traded up 0.18% during trading on Friday, reaching $27.20. 26,478 shares of the company were exchanged. The firm’s market cap is $920.99 million. The stock’s 50-day moving average is $27.02 and its 200-day moving average is $25.94. CrossAmerica Partners has a 52-week low of $23.26 and a 52-week high of $29.80.

CrossAmerica Partners (NYSE:CAPL) last issued its quarterly earnings data on Monday, August 7th. The oil and gas company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). The business had revenue of $528.79 million for the quarter, compared to analyst estimates of $596.92 million. CrossAmerica Partners had a net margin of 0.06% and a return on equity of 4.11%. Equities research analysts predict that CrossAmerica Partners will post ($0.02) earnings per share for the current fiscal year.

WARNING: “CrossAmerica Partners LP (CAPL) Lowered to Sell at BidaskClub” was first posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this report on another domain, it was illegally copied and reposted in violation of U.S. & international copyright & trademark legislation. The correct version of this report can be read at https://ledgergazette.com/2017/10/08/crossamerica-partners-lp-capl-lowered-to-sell-at-bidaskclub.html.

In other CrossAmerica Partners news, Director Joseph V. Jr. Topper acquired 2,100 shares of CrossAmerica Partners stock in a transaction dated Wednesday, August 16th. The stock was purchased at an average cost of $26.24 per share, for a total transaction of $55,104.00. Following the completion of the acquisition, the director now directly owns 163,544 shares of the company’s stock, valued at $4,291,394.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director John B. Reilly III acquired 50,000 shares of CrossAmerica Partners stock in a transaction dated Thursday, August 10th. The shares were acquired at an average price of $26.00 per share, with a total value of $1,300,000.00. Following the completion of the acquisition, the director now directly owns 190,869 shares of the company’s stock, valued at $4,962,594. The disclosure for this purchase can be found here. Insiders have bought 122,235 shares of company stock valued at $3,257,064 over the last quarter.

A number of institutional investors have recently added to or reduced their stakes in the stock. Raymond James Financial Services Advisors Inc. boosted its holdings in CrossAmerica Partners by 0.3% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 92,698 shares of the oil and gas company’s stock worth $2,364,000 after purchasing an additional 303 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in CrossAmerica Partners by 2.3% during the first quarter. Wells Fargo & Company MN now owns 18,635 shares of the oil and gas company’s stock worth $488,000 after purchasing an additional 412 shares during the last quarter. Stephens Inc. AR boosted its holdings in CrossAmerica Partners by 8.2% during the first quarter. Stephens Inc. AR now owns 8,994 shares of the oil and gas company’s stock worth $235,000 after purchasing an additional 685 shares during the last quarter. Credit Suisse AG boosted its holdings in CrossAmerica Partners by 6.8% during the first quarter. Credit Suisse AG now owns 23,954 shares of the oil and gas company’s stock worth $628,000 after purchasing an additional 1,523 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its holdings in CrossAmerica Partners by 3.6% during the second quarter. Janney Montgomery Scott LLC now owns 61,634 shares of the oil and gas company’s stock worth $1,572,000 after purchasing an additional 2,113 shares during the last quarter. Institutional investors and hedge funds own 35.05% of the company’s stock.

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.

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