FBR & Co Reaffirms Buy Rating for TravelCenters of America LLC (TA)

FBR & Co restated their buy rating on shares of TravelCenters of America LLC (NYSE:TA) in a report published on Tuesday. The brokerage currently has a $10.00 price target on the specialty retailer’s stock, up from their previous price target of $9.00.

A number of other equities research analysts have also weighed in on the company. Zacks Investment Research lowered TravelCenters of America from a hold rating to a sell rating in a report on Tuesday, August 15th. TheStreet lowered TravelCenters of America from a c- rating to a d+ rating in a report on Thursday, June 8th. ValuEngine lowered TravelCenters of America from a hold rating to a sell rating in a report on Friday, June 2nd. Finally, Citigroup Inc. reaffirmed a buy rating and issued a $5.50 price objective (down previously from $7.50) on shares of TravelCenters of America in a report on Monday, May 15th. Two analysts have rated the stock with a sell rating and two have assigned a buy rating to the company. The stock has an average rating of Hold and an average target price of $7.75.

TravelCenters of America (TA) opened at 4.50 on Tuesday. The firm’s market cap is $178.00 million. The company has a 50-day moving average price of $3.58 and a 200-day moving average price of $4.61. TravelCenters of America has a 12-month low of $2.95 and a 12-month high of $7.75.

TravelCenters of America (NYSE:TA) last announced its quarterly earnings data on Tuesday, August 8th. The specialty retailer reported $0.03 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.01). TravelCenters of America had a negative net margin of 0.20% and a negative return on equity of 2.19%. The business had revenue of $1.50 billion during the quarter, compared to analysts’ expectations of $1.55 billion. During the same period in the prior year, the firm posted $0.09 EPS. TravelCenters of America’s revenue for the quarter was up 4.8% compared to the same quarter last year. On average, equities analysts predict that TravelCenters of America will post ($0.68) earnings per share for the current year.

COPYRIGHT VIOLATION NOTICE: “FBR & Co Reaffirms Buy Rating for TravelCenters of America LLC (TA)” was originally published by Week Herald and is the sole property of of Week Herald. If you are accessing this piece of content on another website, it was copied illegally and republished in violation of US & international copyright laws. The correct version of this piece of content can be viewed at https://weekherald.com/2017/09/15/fbr-co-reaffirms-buy-rating-for-travelcenters-of-america-llc-ta.html.

Several hedge funds have recently bought and sold shares of the company. Royce & Associates LP lifted its position in shares of TravelCenters of America by 3.6% during the 1st quarter. Royce & Associates LP now owns 1,849,710 shares of the specialty retailer’s stock valued at $11,283,000 after acquiring an additional 64,889 shares during the period. Sterneck Capital Management LLC lifted its position in shares of TravelCenters of America by 42.5% during the 2nd quarter. Sterneck Capital Management LLC now owns 816,871 shares of the specialty retailer’s stock valued at $3,349,000 after acquiring an additional 243,673 shares during the period. Signia Capital Management LLC lifted its position in shares of TravelCenters of America by 494.1% during the 2nd quarter. Signia Capital Management LLC now owns 667,202 shares of the specialty retailer’s stock valued at $2,736,000 after acquiring an additional 554,894 shares during the period. Russell Investments Group Ltd. lifted its position in shares of TravelCenters of America by 78.1% during the 2nd quarter. Russell Investments Group Ltd. now owns 483,912 shares of the specialty retailer’s stock valued at $1,984,000 after acquiring an additional 212,201 shares during the period. Finally, Boston Partners lifted its position in shares of TravelCenters of America by 0.5% during the 2nd quarter. Boston Partners now owns 404,594 shares of the specialty retailer’s stock valued at $1,659,000 after acquiring an additional 2,047 shares during the period.

About TravelCenters of America

TravelCenters of America LLC (TravelCenters) operates and franchises travel centers and convenience store and restaurant locations. The Company’s segments include travel centers, convenience stores, and corporate and other. The Company offers 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 (QSRs), travel/convenience stores and various customer amenities.

Receive News & Ratings for TravelCenters of America LLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TravelCenters of America LLC and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply