Crossamerica Partners (NYSE:CAPL) Upgraded by ValuEngine to Sell

ValuEngine upgraded shares of Crossamerica Partners (NYSE:CAPL) from a strong sell rating to a sell rating in a report released on Wednesday, ValuEngine reports.

A number of other analysts have also recently weighed in on CAPL. TheStreet upgraded shares of Crossamerica Partners from a c rating to a b- rating in a research note on Friday, November 22nd. Zacks Investment Research cut shares of Crossamerica Partners from a buy rating to a hold rating in a research note on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. Crossamerica Partners currently has a consensus rating of Hold and an average target price of $18.33.

Shares of Crossamerica Partners stock opened at $17.50 on Wednesday. The firm has a fifty day simple moving average of $17.94 and a 200-day simple moving average of $17.06. The company has a current ratio of 0.43, a quick ratio of 0.39 and a debt-to-equity ratio of 6.78. Crossamerica Partners has a 1-year low of $13.00 and a 1-year high of $19.07. The stock has a market capitalization of $603.05 million, a price-to-earnings ratio of 159.09, a PEG ratio of 8.62 and a beta of 1.20.

Crossamerica Partners (NYSE:CAPL) last issued its quarterly earnings data on Thursday, November 7th. The oil and gas company reported $0.20 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.04). Crossamerica Partners had a return on equity of 19.71% and a net margin of 0.97%. The firm had revenue of $559.74 million during the quarter, compared to analyst estimates of $591.82 million. As a group, research analysts predict that Crossamerica Partners will post 0.6 earnings per share for the current year.

In related news, Director Joseph V. Jr. Topper bought 7,486,131 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The stock was purchased at an average cost of $18.63 per share, for a total transaction of $139,466,620.53. Following the purchase, the director now directly owns 65,395 shares in the company, valued at $1,218,308.85. The purchase was disclosed in a filing with the SEC, which is available through this link.

Large investors have recently added to or reduced their stakes in the stock. Strategic Wealth Advisors Group LLC raised its stake in Crossamerica Partners by 20.3% during the 3rd quarter. Strategic Wealth Advisors Group LLC now owns 97,648 shares of the oil and gas company’s stock valued at $1,681,000 after purchasing an additional 16,506 shares during the last quarter. Van ECK Associates Corp grew its holdings in Crossamerica Partners by 2.3% during the 2nd quarter. Van ECK Associates Corp now owns 70,239 shares of the oil and gas company’s stock worth $1,127,000 after acquiring an additional 1,562 shares during the last quarter. Lenox Wealth Advisors LLC bought a new stake in Crossamerica Partners during the 3rd quarter worth about $25,000. California Public Employees Retirement System bought a new stake in Crossamerica Partners during the 3rd quarter worth about $173,000. Finally, Cohen & Steers Inc. bought a new stake in Crossamerica Partners during the 2nd quarter worth about $2,043,000. Hedge funds and other institutional investors own 30.69% 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, and company operated retail sites.

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