TravelCenters of America (NASDAQ:TA) Downgraded by Zacks Investment Research to “Hold”

TravelCenters of America (NASDAQ:TAGet Rating) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Tuesday, Zacks.com reports.

According to Zacks, “TRAVELCENTERS OF AMERICA, LLC. is a full-service national travel center chain in the U.S., with nationwide locations serving hundreds of thousands of professional drivers and other highway travelers each month – including virtually all major trucking fleets. Their travel centers operate under the TravelCenters of America, TA and Petro brand names and offer diesel and gasoline fueling services, restaurants, heavy truck repair facilities, stores and other services. “

Several other research firms have also weighed in on TA. StockNews.com upgraded shares of TravelCenters of America from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, April 13th. B. Riley reduced their price objective on shares of 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. Finally, DA Davidson reduced their price objective on shares of TravelCenters of America from $76.00 to $72.00 in a research note on Wednesday, January 12th. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $58.33.

TA traded up $1.43 on Tuesday, reaching $40.75. The company had a trading volume of 1,022 shares, compared to its average volume of 109,741. TravelCenters of America has a one year low of $24.54 and a one year high of $64.58. The company has a current ratio of 1.69, a quick ratio of 1.32 and a debt-to-equity ratio of 0.75. The company has a fifty day moving average of $41.15 and a 200-day moving average of $46.92. The company has a market capitalization of $604.73 million, a P/E ratio of 10.26 and a beta of 1.98.

TravelCenters of America (NASDAQ:TAGet Rating) last posted its quarterly earnings data on Tuesday, February 22nd. The specialty retailer reported $0.89 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.87. TravelCenters of America had a net margin of 0.80% and a return on equity of 8.95%. The company had revenue of $2.03 billion during the quarter, compared to analyst estimates of $2.10 billion. During the same quarter last year, the firm posted ($0.28) EPS. Research analysts predict that TravelCenters of America will post 2.29 EPS for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. lifted its position 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 purchasing an additional 20,814 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of TravelCenters of America by 8.5% in the fourth quarter. Goldman Sachs Group Inc. now owns 756,365 shares of the specialty retailer’s stock worth $39,043,000 after purchasing an additional 59,385 shares in the last quarter. State Street Corp lifted its position in shares of TravelCenters of America by 16.1% in the fourth quarter. State Street Corp now owns 319,604 shares of the specialty retailer’s stock worth $16,498,000 after purchasing an additional 44,377 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of TravelCenters of America by 43.0% in the first quarter. Assenagon Asset Management S.A. now owns 275,415 shares of the specialty retailer’s stock worth $11,832,000 after purchasing an additional 82,786 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of TravelCenters of America by 8.4% in the fourth quarter. Geode Capital Management LLC now owns 248,448 shares of the specialty retailer’s stock worth $12,824,000 after purchasing an additional 19,174 shares in the last quarter. 63.52% of the stock is owned by institutional investors and hedge funds.

TravelCenters of America Company Profile (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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