Other equities analysts have also issued research reports about the stock. Zacks Investment Research lowered shares of Crossamerica Partners from a hold rating to a sell rating in a report on Tuesday, January 17th. Royal Bank of Canada dropped their price objective on shares of Crossamerica Partners from $28.00 to $27.00 and set a sector perform rating on the stock in a report on Thursday, March 9th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of Buy and a consensus price target of $28.59.
Crossamerica Partners (NYSE:CAPL) opened at 24.76 on Wednesday. The company has a market cap of $830.05 million, a PE ratio of 113.06 and a beta of 1.36. The stock has a 50 day moving average price of $25.99 and a 200 day moving average price 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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Large investors have recently bought and sold shares of the company. Stephens Inc. AR acquired a new stake in Crossamerica Partners during the third quarter valued at approximately $201,000. PNC Financial Services Group Inc. increased 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. Wells Fargo & Company MN increased its stake 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 increased its stake 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 increased its stake 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. 35.30% of the stock is owned by institutional investors.
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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