Crossamerica Partners (CAPL) PT Set at $25.00 by B. Riley

Crossamerica Partners (NYSE:CAPL) received a $25.00 target price from equities research analysts at B. Riley in a note issued to investors on Wednesday. The brokerage currently has a “buy” rating on the oil and gas company’s stock. B. Riley’s price objective would indicate a potential upside of 39.28% from the stock’s previous close.

Several other research analysts have also recently commented on the stock. Wells Fargo & Co boosted their price target on shares of Crossamerica Partners from $19.00 to $21.00 and gave the stock a “market perform” rating in a report on Tuesday. Zacks Investment Research upgraded shares of Crossamerica Partners from a “sell” rating to a “hold” rating in a report on Wednesday, July 25th. ValuEngine cut shares of Crossamerica Partners from a “sell” rating to a “strong sell” rating in a report on Tuesday, May 8th. Finally, Stephens reiterated a “hold” rating and set a $23.00 price target on shares of Crossamerica Partners in a report on Tuesday, April 17th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. Crossamerica Partners presently has a consensus rating of “Hold” and a consensus price target of $25.33.

NYSE CAPL opened at $17.95 on Wednesday. The company has a quick ratio of 0.61, a current ratio of 0.77 and a debt-to-equity ratio of 4.15. Crossamerica Partners has a 52 week low of $15.50 and a 52 week high of $28.10. The company has a market cap of $632.54 million, a price-to-earnings ratio of -224.38 and a beta of 1.16.

In related news, Director John B. Reilly III bought 10,695 shares of the stock in a transaction dated Friday, August 10th. The stock was acquired at an average price of $18.20 per share, for a total transaction of $194,649.00. Following the acquisition, the director now owns 199,916 shares in the company, valued at approximately $3,638,471.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Several institutional investors have recently modified their holdings of the company. OppenheimerFunds Inc. boosted its holdings in shares of Crossamerica Partners by 10.6% in the 2nd quarter. OppenheimerFunds Inc. now owns 4,185,017 shares of the oil and gas company’s stock valued at $70,643,000 after buying an additional 401,575 shares in the last quarter. Van ECK Associates Corp boosted its holdings in shares of Crossamerica Partners by 10.9% in the 2nd quarter. Van ECK Associates Corp now owns 136,332 shares of the oil and gas company’s stock valued at $2,301,000 after buying an additional 13,373 shares in the last quarter. Western Standard LLC acquired a new position in shares of Crossamerica Partners in the 2nd quarter valued at $2,078,000. Mutual of America Capital Management LLC boosted its holdings in shares of Crossamerica Partners by 9.8% in the 2nd quarter. Mutual of America Capital Management LLC now owns 168,097 shares of the oil and gas company’s stock valued at $2,837,000 after buying an additional 15,005 shares in the last quarter. Finally, Quadrant Private Wealth Management LLC boosted its holdings in shares of Crossamerica Partners by 9.4% in the 2nd quarter. Quadrant Private Wealth Management LLC now owns 69,474 shares of the oil and gas company’s stock valued at $1,173,000 after buying an additional 5,996 shares in the last quarter. Institutional investors and hedge funds own 32.12% of the company’s stock.

About Crossamerica Partners

CrossAmerica Partners LP engages in the wholesale distribution of motor fuels, and ownership and leasing of real estate used in the retail distribution of motor fuels in the United States. The company operates in two segments, Wholesale and Retail. The wholesale segment engages in the wholesale distribution of motor fuels to lessee dealers, independent dealers, commission agents, operators of retail motor fuel stations, Circle K Stores Inc, and company operated retail sites.

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Analyst Recommendations for Crossamerica Partners (NYSE:CAPL)

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