TransMontaigne (NYSE:TLP) has been assigned an average rating of “Hold” from the seven research firms that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $49.20.
Several research analysts recently issued reports on the stock. Stifel Nicolaus increased their price target on shares of TransMontaigne from $42.00 to $47.00 and gave the stock a “buy” rating in a report on Tuesday, March 20th. UBS reissued a “buy” rating and set a $59.00 price target (up from $53.00) on shares of TransMontaigne in a report on Friday, March 2nd. Zacks Investment Research raised shares of TransMontaigne from a “sell” rating to a “hold” rating in a report on Saturday, February 10th. Finally, B. Riley set a $45.00 price target on shares of TransMontaigne and gave the stock a “hold” rating in a report on Monday, March 19th.
A number of hedge funds and other institutional investors have recently bought and sold shares of TLP. Two Sigma Securities LLC purchased a new position in TransMontaigne in the fourth quarter valued at about $220,000. Icon Wealth Partners LLC purchased a new position in TransMontaigne in the fourth quarter valued at about $345,000. GSA Capital Partners LLP increased its holdings in TransMontaigne by 88.7% in the third quarter. GSA Capital Partners LLP now owns 10,979 shares of the pipeline company’s stock valued at $469,000 after buying an additional 5,161 shares in the last quarter. Searle & CO. increased its holdings in TransMontaigne by 7.6% in the fourth quarter. Searle & CO. now owns 19,855 shares of the pipeline company’s stock valued at $783,000 after buying an additional 1,400 shares in the last quarter. Finally, Stifel Financial Corp increased its holdings in TransMontaigne by 32.7% in the third quarter. Stifel Financial Corp now owns 24,786 shares of the pipeline company’s stock valued at $1,051,000 after buying an additional 6,110 shares in the last quarter. 61.95% of the stock is owned by hedge funds and other institutional investors.
Shares of NYSE:TLP opened at $36.27 on Friday. TransMontaigne has a one year low of $33.97 and a one year high of $47.45. The company has a debt-to-equity ratio of 1.63, a current ratio of 1.31 and a quick ratio of 1.31. The stock has a market capitalization of $586.74, a PE ratio of 16.49, a price-to-earnings-growth ratio of 2.43 and a beta of 0.19.
TransMontaigne (NYSE:TLP) last announced its earnings results on Thursday, March 15th. The pipeline company reported $0.41 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.11). TransMontaigne had a net margin of 24.56% and a return on equity of 12.16%. The business had revenue of $47.61 million during the quarter, compared to analysts’ expectations of $45.09 million. sell-side analysts predict that TransMontaigne will post 2.49 EPS for the current year.
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TransMontaigne Partners L.P. provides integrated terminaling, storage, transportation, and related services. The company offers its services to customers engaged in the trading, distribution, and marketing of light and heavy refined petroleum products, crude oil, chemicals, fertilizers, and other liquid products.
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