Shares of Crossamerica Partners LP (NYSE:CAPL) have earned an average recommendation of “Buy” from the nine research firms that are currently covering the stock. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $27.52.
CAPL has been the topic of several analyst reports. FBR & Co reiterated a “buy” rating on shares of Crossamerica Partners in a report on Wednesday, March 15th. Zacks Investment Research lowered Crossamerica Partners from a “hold” rating to a “sell” rating in a report on Tuesday, January 17th. Finally, Royal Bank of Canada dropped their target price on Crossamerica Partners from $28.00 to $27.00 and set a “sector perform” rating on the stock in a report on Thursday, March 9th.
Crossamerica Partners (NYSE:CAPL) traded down 0.57% during trading on Monday, hitting $24.47. The company had a trading volume of 12,698 shares. The company has a market capitalization of $820.33 million, a price-to-earnings ratio of 111.74 and a beta of 1.36. The stock has a 50-day moving average of $25.99 and a 200 day moving average of $25.95. Crossamerica Partners has a one year low of $22.29 and a one year high of $27.94.
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A number of hedge funds have recently added to or reduced their stakes in CAPL. Welch Capital Partners LLC NY bought a new stake in Crossamerica Partners during the third quarter valued at about $3,103,000. Global X Management Co. LLC raised its stake in Crossamerica Partners by 13.3% in the third quarter. Global X Management Co. LLC now owns 321,914 shares of the company’s stock valued at $8,173,000 after buying an additional 37,822 shares during the last quarter. Mountain Lake Investment Management LLC raised its stake in Crossamerica Partners by 4.6% in the third quarter. Mountain Lake Investment Management LLC now owns 591,100 shares of the company’s stock valued at $15,008,000 after buying an additional 26,100 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in Crossamerica Partners by 1,111.1% in the third quarter. PNC Financial Services Group Inc. now owns 9,689 shares of the company’s stock valued at $246,000 after buying an additional 8,889 shares during the last quarter. Finally, Stephens Inc. AR bought a new stake in Crossamerica Partners during the third quarter valued at about $201,000. Institutional investors and hedge funds own 35.30% of the company’s stock.
About Crossamerica Partners
CrossAmerica Partners LP is a limited partnership engaged in the wholesale distribution of motor fuel, and the ownership and leasing of real estate used in the retail distribution of motor fuel. The Company operates in two segments: wholesale and retail. The Company’s sites are located in Pennsylvania, New Jersey, Ohio, New York, Massachusetts, Kentucky, New Hampshire, Maine, Florida, Maryland, Delaware, Tennessee, Virginia, Illinois, Indiana and West Virginia.
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