Other equities analysts have also recently issued research reports about the company. Zacks Investment Research cut Crossamerica Partners from a hold rating to a sell rating in a research report on Tuesday, January 17th. Royal Bank of Canada dropped their price target on Crossamerica Partners from $28.00 to $27.00 and set a sector perform rating on the stock in a research report on Thursday, March 9th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of Buy and an average target price of $28.59.
Crossamerica Partners (NYSE:CAPL) opened at 24.61 on Wednesday. The stock has a 50 day moving average price of $25.99 and a 200 day moving average price of $25.95. The stock has a market cap of $825.03 million, a P/E ratio of 112.37 and a beta of 1.36. Crossamerica Partners has a 52-week low of $22.29 and a 52-week high of $27.94.
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A number of institutional investors have recently added to or reduced their stakes in CAPL. Stephens Inc. AR acquired a new position in Crossamerica Partners during the third quarter valued at about $201,000. PNC Financial Services Group Inc. boosted its position 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. Wells Fargo & Company MN boosted its position in Crossamerica Partners by 12.9% in the third quarter. Wells Fargo & Company MN now owns 13,250 shares of the company’s stock valued at $336,000 after buying an additional 1,519 shares during the last quarter. Royal Bank of Canada boosted its position in Crossamerica Partners by 1.4% in the second quarter. Royal Bank of Canada now owns 19,512 shares of the company’s stock valued at $479,000 after buying an additional 264 shares during the last quarter. Finally, GSA Capital Partners LLP boosted its position in Crossamerica Partners by 16.8% in the fourth quarter. GSA Capital Partners LLP now owns 36,700 shares of the company’s stock valued at $924,000 after buying an additional 5,274 shares during the last quarter. Institutional investors own 35.30% of the company’s stock.
Crossamerica Partners Company Profile
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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