B. Riley set a $45.00 target price on TransMontaigne Partners (NYSE:TLP) in a research report report published on Monday, December 18th, MarketBeat reports. The firm currently has a neutral rating on the pipeline company’s stock.
Other analysts have also recently issued reports about the stock. UBS Group lifted their target price on shares of TransMontaigne Partners from $52.00 to $53.00 and gave the stock a buy rating in a research note on Thursday, November 9th. Zacks Investment Research lowered shares of TransMontaigne Partners from a buy rating to a hold rating in a research report on Wednesday, October 11th. Finally, Wells Fargo & Co assumed coverage on shares of TransMontaigne Partners in a report on Thursday, November 30th. They set a market perform rating and a $44.00 target price for the company. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. TransMontaigne Partners presently has an average rating of Hold and a consensus price target of $49.00.
TransMontaigne Partners (NYSE TLP) traded down $0.30 during mid-day trading on Monday, reaching $41.17. 14,838 shares of the company traded hands, compared to its average volume of 31,120. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.82. The stock has a market cap of $670.88, a P/E ratio of 16.87 and a beta of 0.22. TransMontaigne Partners has a 52 week low of $37.40 and a 52 week high of $49.31.
TransMontaigne Partners (NYSE:TLP) last posted 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 net margin of 27.49% and a return on equity of 13.16%. The business had revenue of $45.45 million for the quarter, compared to analysts’ expectations of $46.10 million. During the same period last year, the business posted $0.58 EPS. The company’s revenue for the quarter was up 11.8% on a year-over-year basis. analysts predict that TransMontaigne Partners will post 2.31 earnings per share for the current fiscal year.
In other news, Director Steven A. Blank purchased 1,000 shares of the stock in a transaction dated Friday, November 17th. The shares were purchased at an average price of $39.56 per share, with a total value of $39,560.00. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 20.40% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. First Eagle Investment Management LLC lifted its position in TransMontaigne Partners by 9.3% in the second quarter. First Eagle Investment Management LLC now owns 732,203 shares of the pipeline company’s stock valued at $30,753,000 after buying an additional 62,500 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in TransMontaigne Partners by 29.7% during the second quarter. Goldman Sachs Group Inc. now owns 697,928 shares of the pipeline company’s stock worth $29,313,000 after purchasing an additional 159,993 shares during the period. River Road Asset Management LLC increased its stake in TransMontaigne Partners by 22.5% during the third quarter. River Road Asset Management LLC now owns 467,588 shares of the pipeline company’s stock worth $19,971,000 after purchasing an additional 85,754 shares during the period. Wells Fargo & Company MN increased its stake in TransMontaigne Partners by 18.8% during the second quarter. Wells Fargo & Company MN now owns 314,852 shares of the pipeline company’s stock worth $13,224,000 after purchasing an additional 49,780 shares during the period. Finally, Global X MANAGEMENT CO LLC increased its stake in TransMontaigne Partners by 1.8% during the third quarter. Global X MANAGEMENT CO LLC now owns 191,797 shares of the pipeline company’s stock worth $8,192,000 after purchasing an additional 3,310 shares during the period. 62.17% of the stock is currently owned by institutional investors.
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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.
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