TravelCenters of America (NASDAQ:TA) Raised to B- at TheStreet

TravelCenters of America (NASDAQ:TAGet Rating) was upgraded by investment analysts at TheStreet from a “c” rating to a “b-” rating in a report released on Tuesday, TheStreetRatingsTable reports.

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

NASDAQ TA opened at $39.88 on Tuesday. The firm has a 50 day simple moving average of $41.07 and a 200-day simple moving average of $46.81. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.32 and a current ratio of 1.69. TravelCenters of America has a one year low of $24.54 and a one year high of $64.58. The firm has a market cap of $591.82 million, a price-to-earnings ratio of 7.24 and a beta of 1.98.

TravelCenters of America (NASDAQ:TAGet Rating) last posted its quarterly earnings data on Monday, May 2nd. The specialty retailer reported $1.03 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $1.08. TravelCenters of America had a net margin of 1.00% and a return on equity of 11.76%. During the same period last year, the business earned ($0.37) earnings per share. Equities analysts predict that TravelCenters of America will post 2.29 EPS for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the business. Denali Advisors LLC acquired a new stake in TravelCenters of America during the fourth quarter worth approximately $36,000. First Quadrant LLC CA acquired a new stake in TravelCenters of America during the first quarter worth approximately $36,000. Counterpoint Mutual Funds LLC acquired a new stake in TravelCenters of America during the first quarter worth approximately $89,000. Public Employees Retirement System of Ohio raised its holdings in TravelCenters of America by 27.2% during the fourth quarter. Public Employees Retirement System of Ohio now owns 3,835 shares of the specialty retailer’s stock worth $198,000 after purchasing an additional 821 shares in the last quarter. Finally, Parametric Portfolio Associates LLC purchased a new position in shares of TravelCenters of America during the fourth quarter worth approximately $206,000. 63.52% of the stock is currently owned by institutional investors.

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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