TravelCenters of America (NASDAQ:TA) Rating Increased to Strong-Buy at StockNews.com

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

Several other brokerages also recently weighed in on TA. TheStreet raised shares of TravelCenters of America from a c rating to a b- rating in a report on Tuesday, May 3rd. B. Riley lowered their target price on shares of TravelCenters of America from $62.00 to $60.00 and set a buy rating for the company in a report on Monday, February 28th. Finally, Zacks Investment Research upgraded shares of TravelCenters of America from a hold rating to a strong-buy rating and set a $46.00 price objective for the company in a research note on Saturday, May 7th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of Buy and a consensus target price of $55.17.

Shares of TA opened at $37.08 on Tuesday. TravelCenters of America has a twelve month low of $25.01 and a twelve month high of $64.58. The firm’s fifty day simple moving average is $40.49 and its 200-day simple moving average is $45.62. The firm has a market capitalization of $550.16 million, a price-to-earnings ratio of 6.73 and a beta of 1.98. The company has a current ratio of 1.54, a quick ratio of 1.20 and a debt-to-equity ratio of 0.73.

TravelCenters of America (NASDAQ:TAGet Rating) last announced its quarterly earnings data on Monday, May 2nd. The specialty retailer reported $1.03 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $1.08. TravelCenters of America had a net margin of 1.00% and a return on equity of 11.62%. The business had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.20 billion. During the same period last year, the business earned ($0.37) EPS. On average, 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 bought and sold shares of the stock. BlackRock Inc. raised its holdings in TravelCenters of America by 2.4% in the third quarter. BlackRock Inc. now owns 897,989 shares of the specialty retailer’s stock valued at $44,711,000 after acquiring an additional 20,814 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in TravelCenters of America by 3.5% in the first quarter. Goldman Sachs Group Inc. now owns 782,925 shares of the specialty retailer’s stock valued at $33,634,000 after acquiring an additional 26,560 shares in the last quarter. Vanguard Group Inc. raised its holdings in TravelCenters of America by 2.3% in the first quarter. Vanguard Group Inc. now owns 634,512 shares of the specialty retailer’s stock valued at $27,259,000 after acquiring an additional 14,198 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in TravelCenters of America by 1.6% in the first quarter. Dimensional Fund Advisors LP now owns 518,138 shares of the specialty retailer’s stock valued at $22,260,000 after acquiring an additional 8,387 shares in the last quarter. Finally, State Street Corp raised its holdings in shares of 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 purchasing an additional 44,377 shares during the period. 63.52% of the stock is currently owned by hedge funds and other 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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