Crossamerica Partners LP (NYSE:CAPL) – Investment analysts at Jefferies Group decreased their Q1 2018 earnings estimates for Crossamerica Partners in a report issued on Tuesday, Zacks Investment Research reports. Jefferies Group analyst C. Mandeville now expects that the oil and gas company will earn $0.03 per share for the quarter, down from their prior estimate of $0.06. Jefferies Group currently has a “Buy” rating and a $28.00 price target on the stock. Jefferies Group also issued estimates for Crossamerica Partners’ Q2 2018 earnings at $0.08 EPS, Q3 2018 earnings at $0.08 EPS, Q4 2018 earnings at $0.12 EPS, FY2019 earnings at $0.41 EPS and FY2020 earnings at $0.48 EPS.
Other equities research analysts also recently issued reports about the company. B. Riley set a $30.00 price target on Crossamerica Partners and gave the company a “buy” rating in a report on Monday, February 26th. Zacks Investment Research upgraded Crossamerica Partners from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a report on Tuesday, January 9th. ValuEngine upgraded Crossamerica Partners from a “sell” rating to a “hold” rating in a report on Tuesday, January 9th. Finally, Robert W. Baird downgraded Crossamerica Partners from an “outperform” rating to a “neutral” rating in a report on Wednesday, February 28th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $28.67.
Shares of Crossamerica Partners stock traded down $0.31 during midday trading on Thursday, hitting $20.57. The stock had a trading volume of 22,887 shares, compared to its average volume of 63,133. Crossamerica Partners has a 1-year low of $20.54 and a 1-year high of $29.80. The company has a quick ratio of 0.70, a current ratio of 0.86 and a debt-to-equity ratio of 3.09. The company has a market cap of $712.93, a P/E ratio of 38.35, a price-to-earnings-growth ratio of 14.82 and a beta of 1.17.
Large investors have recently added to or reduced their stakes in the stock. Kayne Anderson Capital Advisors LP acquired a new position in Crossamerica Partners during the 3rd quarter valued at approximately $272,000. Virtu Financial LLC acquired a new position in Crossamerica Partners during the 4th quarter valued at approximately $391,000. Ameriprise Financial Inc. boosted its position 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 valued at $442,000 after purchasing an additional 7,217 shares during the period. Royal Bank of Canada boosted its position in Crossamerica Partners by 17.1% during the 2nd quarter. Royal Bank of Canada now owns 21,216 shares of the oil and gas company’s stock worth $541,000 after acquiring an additional 3,098 shares during the period. Finally, Neuberger Berman Group LLC acquired a new position in Crossamerica Partners during the 3rd quarter worth $602,000. Institutional investors and hedge funds own 33.67% of the company’s stock.
About Crossamerica Partners
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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