TravelCenters of America LLC (NASDAQ:TA) has earned an average rating of “Hold” from the six brokerages that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $7.67.
A number of equities research analysts recently issued reports on TA shares. B. Riley set a $10.00 target price on TravelCenters of America and gave the company a “buy” rating in a research note on Thursday, November 30th. Citigroup raised TravelCenters of America from a “sell” rating to a “neutral” rating in a research note on Friday, December 8th. Zacks Investment Research lowered TravelCenters of America from a “buy” rating to a “hold” rating in a research note on Saturday, December 2nd. Finally, TheStreet raised TravelCenters of America from a “d” rating to a “c-” rating in a research note on Thursday, November 30th.
Hedge funds have recently added to or reduced their stakes in the company. Two Sigma Securities LLC acquired a new stake in TravelCenters of America in the 4th quarter valued at $113,000. Dynamic Technology Lab Private Ltd acquired a new stake in TravelCenters of America in the 3rd quarter valued at $126,000. Wells Fargo & Company MN increased its holdings in 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 valued at $166,000 after purchasing an additional 14,708 shares in the last quarter. Jane Street Group LLC acquired a new stake in TravelCenters of America in the 3rd quarter valued at $169,000. Finally, State Street Corp increased its holdings in TravelCenters of America by 29.5% in the 2nd quarter. State Street Corp now owns 41,685 shares of the specialty retailer’s stock valued at $171,000 after purchasing an additional 9,506 shares in the last quarter. Institutional investors and hedge funds own 32.62% of the company’s stock.
TravelCenters of America (NASDAQ TA) traded down $0.05 during mid-day trading on Tuesday, reaching $3.55. The company had a trading volume of 21,624 shares, compared to its average volume of 238,553. TravelCenters of America has a 12-month low of $2.95 and a 12-month high of $6.38. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.58 and a current ratio of 1.22.
TravelCenters of America (NASDAQ:TA) last posted its earnings results on Wednesday, February 28th. The specialty retailer reported ($0.52) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.47). TravelCenters of America had a net margin of 0.15% and a negative return on equity of 2.20%. The company had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.54 billion. During the same period in the previous year, the company posted ($0.17) EPS. TravelCenters of America’s quarterly revenue was up 12.5% compared to the same quarter last year. analysts expect that TravelCenters of America will post -0.12 earnings per share for the current year.
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TravelCenters of America Company Profile
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.
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