Analysts Set TravelCenters of America LLC (TA) Target Price at $7.25

TravelCenters of America LLC (NYSE:TA) has earned a consensus rating of “Hold” from the five analysts that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating and two have given a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $7.25.

TA has been the topic of several research reports. Zacks Investment Research raised shares of TravelCenters of America from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 3rd. FBR & Co reaffirmed an “outperform” rating and issued a $9.00 price objective (down previously from $11.00) on shares of TravelCenters of America in a research report on Wednesday, May 10th. Citigroup Inc. reaffirmed a “buy” rating and issued a $5.50 price objective (down previously from $7.50) on shares of TravelCenters of America in a research report on Monday, May 15th. ValuEngine lowered shares of TravelCenters of America from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. Finally, TheStreet lowered shares of TravelCenters of America from a “c-” rating to a “d+” rating in a research report on Thursday, June 8th.

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TravelCenters of America (NYSE:TA) opened at 3.65 on Tuesday. TravelCenters of America has a 52 week low of $3.45 and a 52 week high of $7.75. The company has a 50-day moving average of $3.86 and a 200-day moving average of $5.25. The firm’s market cap is $137.47 million.

TravelCenters of America (NYSE:TA) last announced its quarterly earnings data on Tuesday, August 8th. The specialty retailer reported $0.03 EPS for the quarter, missing the consensus estimate of $0.04 by $0.01. The company had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.55 billion. TravelCenters of America had a negative return on equity of 20.79% and a negative net margin of 2.11%. The business’s revenue was up 4.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.09 EPS. Equities research analysts forecast that TravelCenters of America will post ($0.60) earnings per share for the current fiscal year.

In other TravelCenters of America news, insider Michael J. Lombardi purchased 10,000 shares of the stock in a transaction dated Tuesday, May 30th. The shares were bought at an average price of $4.05 per share, with a total value of $40,500.00. Following the completion of the transaction, the insider now directly owns 393,385 shares in the company, valued at approximately $1,593,209.25. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Several hedge funds have recently bought and sold shares of TA. Boston Partners raised its stake in TravelCenters of America by 0.5% in the second quarter. Boston Partners now owns 404,594 shares of the specialty retailer’s stock valued at $1,659,000 after buying an additional 2,047 shares during the period. Los Angeles Capital Management & Equity Research Inc. raised its stake in TravelCenters of America by 18.0% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 16,414 shares of the specialty retailer’s stock valued at $100,000 after buying an additional 2,500 shares during the period. Falcon Point Capital LLC raised its stake in TravelCenters of America by 1.8% in the second quarter. Falcon Point Capital LLC now owns 217,636 shares of the specialty retailer’s stock valued at $892,000 after buying an additional 3,932 shares during the period. Acadian Asset Management LLC raised its stake in TravelCenters of America by 1.9% in the first quarter. Acadian Asset Management LLC now owns 244,622 shares of the specialty retailer’s stock valued at $1,492,000 after buying an additional 4,676 shares during the period. Finally, Oppenheimer & Co. Inc. raised its stake in TravelCenters of America by 6.8% in the first quarter. Oppenheimer & Co. Inc. now owns 79,700 shares of the specialty retailer’s stock valued at $486,000 after buying an additional 5,100 shares during the period.

TravelCenters of America Company Profile

TravelCenters of America LLC (TravelCenters) operates and franchises travel centers and convenience store and restaurant locations. The Company’s segments include travel centers, convenience stores, and corporate and other. The Company offers a range of products and services, including diesel fuel and gasoline, as well as nonfuel products and services, such as truck repair and maintenance services, full service restaurants, quick service restaurants (QSRs), travel/convenience stores and various customer amenities.

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