TravelCenters of America (NASDAQ:TA) Rating Lowered to Buy at StockNews.com

StockNews.com lowered shares of TravelCenters of America (NASDAQ:TAGet Rating) from a strong-buy rating to a buy rating in a report released on Wednesday.

Other research analysts have also recently issued reports about the company. B. Riley reduced their price objective on TravelCenters of America from $62.00 to $60.00 and set a buy rating for the company in a research note on Monday, February 28th. TheStreet upgraded TravelCenters of America from a c rating to a b- rating in a research report on Tuesday, May 3rd. Finally, Zacks Investment Research upgraded TravelCenters of America from a hold rating to a strong-buy rating and set a $46.00 price target for the company in a research report on Saturday, May 7th. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Buy and an average target price of $55.17.

Shares of NASDAQ TA opened at $38.13 on Wednesday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.20 and a current ratio of 1.54. The company has a market cap of $565.73 million, a PE ratio of 6.92 and a beta of 1.98. The business has a 50-day simple moving average of $39.18 and a two-hundred day simple moving average of $44.35. TravelCenters of America has a fifty-two week low of $27.77 and a fifty-two week high of $64.58.

TravelCenters of America (NASDAQ:TAGet Rating) last issued its quarterly earnings results on Monday, May 2nd. The specialty retailer reported $1.03 earnings per share for the quarter, topping the consensus estimate of ($0.05) by $1.08. TravelCenters of America had a return on equity of 11.62% and a net margin of 1.00%. The business had revenue of $2.30 billion during the quarter, compared to the consensus estimate of $2.20 billion. During the same quarter last year, the company earned ($0.37) earnings per share. On average, sell-side analysts predict that TravelCenters of America will post 3.54 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of TA. BlackRock Inc. boosted its stake in shares of TravelCenters of America by 2.4% in the third quarter. BlackRock Inc. now owns 897,989 shares of the specialty retailer’s stock worth $44,711,000 after acquiring an additional 20,814 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in TravelCenters of America by 3.5% during the first quarter. Goldman Sachs Group Inc. now owns 782,925 shares of the specialty retailer’s stock worth $33,634,000 after buying an additional 26,560 shares during the last quarter. Vanguard Group Inc. boosted its stake in TravelCenters of America by 2.3% during the first quarter. Vanguard Group Inc. now owns 634,512 shares of the specialty retailer’s stock worth $27,259,000 after buying an additional 14,198 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in TravelCenters of America by 1.6% during the first quarter. Dimensional Fund Advisors LP now owns 518,138 shares of the specialty retailer’s stock worth $22,260,000 after buying an additional 8,387 shares during the last quarter. Finally, State Street Corp boosted its stake in TravelCenters of America by 16.1% during the fourth quarter. State Street Corp now owns 319,604 shares of the specialty retailer’s stock worth $16,498,000 after buying an additional 44,377 shares during the last quarter. 63.52% of the stock is currently owned by institutional investors.

About TravelCenters of America (Get Rating)

TravelCenters of America Inc operates travel centers, truck service facilities, and restaurants in the United States and Canada. The company's travel centers offer various products and services, including diesel fuel and gasoline, as well as nonfuel products and services, such as a range of truck repair and maintenance services, diesel exhaust fluids, full service restaurants, quick service restaurants, and various customer amenities.

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