TravelCenters of America (NASDAQ:TA) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Friday, March 9th.
According to Zacks, “TRAVELCENTERS OF AMERICA, LLC. is a full-service national travel center chain in the U.S., with nationwide locations serving hundreds of thousands of professional drivers and other highway travelers each month – including virtually all major trucking fleets. Their travel centers operate under the TravelCenters of America, TA and Petro brand names and offer diesel and gasoline fueling services, restaurants, heavy truck repair facilities, stores and other services. “
TA has been the topic of several other reports. B. Riley set a $9.00 target price on TravelCenters of America and gave the stock a “buy” rating in a research report on Wednesday, February 28th. Citigroup set a $4.00 target price on TravelCenters of America and gave the stock a “hold” rating in a research report on Monday, March 5th. Finally, TheStreet upgraded TravelCenters of America from a “d” rating to a “c-” rating in a report on Thursday, November 30th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. TravelCenters of America presently has an average rating of “Hold” and an average target price of $7.00.
TravelCenters of America (NASDAQ:TA) last announced its quarterly earnings data on Wednesday, February 28th. The specialty retailer reported ($0.52) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.05) by ($0.47). TravelCenters of America had a negative return on equity of 2.20% and a net margin of 0.15%. The business had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.54 billion. During the same period in the prior year, the company earned ($0.17) EPS. The company’s revenue was up 12.5% on a year-over-year basis. sell-side analysts anticipate that TravelCenters of America will post -0.12 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently made changes to their positions in TA. Two Sigma Securities LLC bought a new stake in TravelCenters of America during the 4th quarter valued at $113,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of TravelCenters of America in the 3rd quarter worth $126,000. Jane Street Group LLC bought a new stake in shares of TravelCenters of America in the 3rd quarter worth $169,000. Wells Fargo & Company MN raised its stake in shares of TravelCenters of America by 57.0% in the 4th quarter. Wells Fargo & Company MN now owns 40,522 shares of the specialty retailer’s stock worth $166,000 after buying an additional 14,708 shares in the last quarter. Finally, State Street Corp raised its stake in shares of TravelCenters of America by 29.5% in the 2nd quarter. State Street Corp now owns 41,685 shares of the specialty retailer’s stock worth $171,000 after buying an additional 9,506 shares in the last quarter. 32.62% of the stock is currently owned by institutional investors and hedge funds.
TRADEMARK VIOLATION NOTICE: “TravelCenters of America (TA) Upgraded to Hold at Zacks Investment Research” was originally posted by Week Herald and is the sole property of of Week Herald. If you are reading this piece on another publication, it was illegally copied and republished in violation of US and international copyright & trademark law. The original version of this piece can be accessed at https://weekherald.com/2018/03/18/zacks-investment-research-upgrades-travelcenters-of-america-ta-to-hold.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for TravelCenters of America Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TravelCenters of America and related companies with MarketBeat.com's FREE daily email newsletter.