TransMontaigne Partners L.P. (TLP) Given Consensus Rating of “Hold” by Analysts

TransMontaigne Partners L.P. (NYSE:TLP) has been given an average rating of “Hold” by the eight brokerages that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $49.00.

A number of analysts recently commented on TLP shares. UBS Group boosted their target price on shares of TransMontaigne Partners from $52.00 to $53.00 and gave the stock a “buy” rating in a report on Thursday, November 9th. Wells Fargo & Co started coverage on shares of TransMontaigne Partners in a report on Thursday, November 30th. They issued a “market perform” rating and a $44.00 target price on the stock. Zacks Investment Research downgraded shares of TransMontaigne Partners from a “buy” rating to a “hold” rating in a report on Wednesday, October 11th. Finally, B. Riley set a $45.00 target price on shares of TransMontaigne Partners and gave the stock a “neutral” rating in a report on Monday, December 18th.

In other news, Director Steven A. Blank bought 1,000 shares of the company’s stock in a transaction dated Friday, November 17th. The shares were acquired at an average cost of $39.56 per share, with a total value of $39,560.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 20.40% of the stock is owned by insiders.

Several institutional investors have recently added to or reduced their stakes in TLP. Tower Research Capital LLC TRC purchased a new position in shares of TransMontaigne Partners in the second quarter worth approximately $154,000. Hillsdale Investment Management Inc. purchased a new position in TransMontaigne Partners during the second quarter valued at approximately $231,000. Archford Capital Strategies LLC grew its position in TransMontaigne Partners by 1,058.0% during the second quarter. Archford Capital Strategies LLC now owns 2,895 shares of the pipeline company’s stock valued at $237,000 after purchasing an additional 2,645 shares in the last quarter. GSA Capital Partners LLP purchased a new position in TransMontaigne Partners during the second quarter valued at approximately $244,000. Finally, Blair William & Co. IL grew its position in TransMontaigne Partners by 0.4% during the second quarter. Blair William & Co. IL now owns 9,444 shares of the pipeline company’s stock valued at $397,000 after purchasing an additional 34 shares in the last quarter. 62.17% of the stock is currently owned by institutional investors and hedge funds.

Shares of TransMontaigne Partners (NYSE:TLP) opened at $39.57 on Friday. TransMontaigne Partners has a 52-week low of $37.40 and a 52-week high of $49.31. The company has a market cap of $630.59, a PE ratio of 16.22 and a beta of 0.21. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.85 and a current ratio of 0.85.

TransMontaigne Partners (NYSE:TLP) last released its earnings results on Wednesday, November 8th. The pipeline company reported $0.47 EPS for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.25). TransMontaigne Partners had a return on equity of 13.16% and a net margin of 27.49%. The business had revenue of $45.45 million during the quarter, compared to the consensus estimate of $46.10 million. During the same quarter in the previous year, the firm earned $0.58 earnings per share. The firm’s revenue for the quarter was up 11.8% compared to the same quarter last year. sell-side analysts anticipate that TransMontaigne Partners will post 2.31 earnings per share for the current fiscal year.

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About TransMontaigne Partners

TransMontaigne Partners L.P. is a terminaling and transportation company with operations in the United States along the Gulf Coast, in the Midwest, in Houston and Brownsville, Texas, along the Mississippi and Ohio Rivers, and in the Southeast. The Company operates its business in five principal business segments: Gulf Coast terminals, Midwest terminals and pipeline system, Brownsville terminals, River terminals and Southeast terminals.

Analyst Recommendations for TransMontaigne Partners (NYSE:TLP)

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