TravelCenters of America LLC (TA) Receives $8.17 Average Price Target from Analysts

Shares of TravelCenters of America LLC (NASDAQ:TA) have been given an average rating of “Hold” by the six analysts that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $8.17.

Several research firms have recently weighed in on TA. B. Riley reiterated a “buy” rating on shares of TravelCenters of America in a report on Wednesday, November 1st. Zacks Investment Research cut TravelCenters of America from a “buy” rating to a “hold” rating in a report on Saturday. TheStreet upgraded TravelCenters of America from a “d” rating to a “c-” rating in a report on Thursday, November 30th. FBR & Co reiterated a “buy” rating and set a $10.00 price objective (up previously from $9.00) on shares of TravelCenters of America in a report on Tuesday, September 12th. Finally, Citigroup cut TravelCenters of America from a “buy” rating to a “sell” rating and set a $4.50 price objective on the stock. in a report on Wednesday, October 11th.

Shares of TravelCenters of America (TA) traded down $0.10 on Friday, reaching $4.55. The company’s stock had a trading volume of 327,542 shares, compared to its average volume of 280,539. The company has a current ratio of 1.21, a quick ratio of 0.64 and a debt-to-equity ratio of 1.18. TravelCenters of America has a 12-month low of $2.95 and a 12-month high of $7.75.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TA. Signia Capital Management LLC boosted its stake in TravelCenters of America by 494.1% in the 2nd quarter. Signia Capital Management LLC now owns 667,202 shares of the specialty retailer’s stock valued at $2,736,000 after purchasing an additional 554,894 shares during the period. Forward Management LLC bought a new stake in shares of TravelCenters of America during the 3rd quarter valued at $1,692,000. Russell Investments Group Ltd. lifted its position in shares of TravelCenters of America by 68.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 812,862 shares of the specialty retailer’s stock valued at $3,455,000 after acquiring an additional 328,950 shares during the period. Sterneck Capital Management LLC lifted its position in shares of TravelCenters of America by 42.5% during the 2nd quarter. Sterneck Capital Management LLC now owns 816,871 shares of the specialty retailer’s stock valued at $3,349,000 after acquiring an additional 243,673 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in shares of TravelCenters of America by 118.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 371,102 shares of the specialty retailer’s stock valued at $1,577,000 after acquiring an additional 200,905 shares during the period. Institutional investors and hedge funds own 34.10% of the company’s stock.

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About TravelCenters of America

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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