CrossAmerica Partners LP (CAPL) Receives $29.33 Average PT from Analysts

Shares of CrossAmerica Partners LP (NYSE:CAPL) have earned a consensus recommendation of “Hold” from the seven ratings firms that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $29.33.

A number of research analysts have issued reports on CAPL shares. Raymond James Financial, Inc. lifted their target price on CrossAmerica Partners from $28.00 to $30.00 and gave the company an “outperform” rating in a research report on Thursday, July 27th. Royal Bank Of Canada decreased their target price on CrossAmerica Partners from $30.00 to $28.00 and set a “sector perform” rating on the stock in a research report on Thursday, November 9th. BidaskClub cut CrossAmerica Partners from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 25th. Finally, Zacks Investment Research cut CrossAmerica Partners from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd.

In other news, Director Joseph V. Jr. Topper purchased 3,400 shares of CrossAmerica Partners stock in a transaction dated Friday, September 8th. The shares were bought at an average cost of $26.50 per share, for a total transaction of $90,100.00. Following the completion of the acquisition, the director now owns 163,544 shares in the company, valued at approximately $4,333,916. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Joseph V. Jr. Topper purchased 6,300 shares of CrossAmerica Partners stock in a transaction dated Wednesday, September 6th. The shares were purchased at an average price of $26.48 per share, for a total transaction of $166,824.00. Following the completion of the acquisition, the director now owns 163,544 shares of the company’s stock, valued at approximately $4,330,645.12. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 64,670 shares of company stock worth $1,759,355.

Several large investors have recently added to or reduced their stakes in the company. Harvest Fund Advisors LLC lifted its stake in shares of CrossAmerica Partners by 4.8% in the third quarter. Harvest Fund Advisors LLC now owns 3,075,007 shares of the oil and gas company’s stock worth $83,794,000 after acquiring an additional 141,143 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of CrossAmerica Partners by 2.9% in the second quarter. Goldman Sachs Group Inc. now owns 1,089,908 shares of the oil and gas company’s stock worth $27,793,000 after acquiring an additional 30,751 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of CrossAmerica Partners by 2.3% in the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 315,232 shares of the oil and gas company’s stock worth $8,590,000 after acquiring an additional 6,946 shares during the period. Global X MANAGEMENT CO LLC lifted its stake in shares of CrossAmerica Partners by 3.5% in the third quarter. Global X MANAGEMENT CO LLC now owns 308,664 shares of the oil and gas company’s stock worth $8,411,000 after acquiring an additional 10,312 shares during the period. Finally, Global X Management Co. LLC lifted its stake in shares of CrossAmerica Partners by 5.5% in the second quarter. Global X Management Co. LLC now owns 298,352 shares of the oil and gas company’s stock worth $7,608,000 after acquiring an additional 15,577 shares during the period. Institutional investors own 36.06% of the company’s stock.

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CrossAmerica Partners (CAPL) traded up $0.15 during trading on Tuesday, reaching $24.79. The company’s stock had a trading volume of 24,100 shares, compared to its average volume of 45,593. CrossAmerica Partners has a 1 year low of $23.26 and a 1 year high of $29.80. The company has a debt-to-equity ratio of 2.69, a quick ratio of 0.57 and a current ratio of 0.70. The company has a market capitalization of $847.59, a PE ratio of 112.68, a PEG ratio of 371.85 and a beta of 1.33.

The company also recently declared a quarterly dividend, which was paid on Monday, November 13th. Stockholders of record on Monday, November 6th were issued a dividend of $0.6275 per share. This is a boost from CrossAmerica Partners’s previous quarterly dividend of $0.62. This represents a $2.51 annualized dividend and a dividend yield of 10.13%. The ex-dividend date was Friday, November 3rd. CrossAmerica Partners’s payout ratio is 25,100.00%.

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 wholesale segment is engaged in the wholesale distribution of motor fuel to lessee dealers, independent dealers, commission agents, Dunne Manning Stores LLC (DMS), CST Brands, Inc and subsidiaries (CST) and company operated retail sites.

Analyst Recommendations for CrossAmerica Partners (NYSE:CAPL)

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