Shares of Global Partners LP (NYSE:GLP) have received an average recommendation of “Hold” from the six analysts that are currently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has given a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $19.33.

GLP has been the subject of a number of research analyst reports. ValuEngine upgraded Zuora from a “hold” rating to a “buy” rating in a report on Saturday, July 6th. Barclays set a €45.00 ($52.33) target price on Zalando and gave the company a “buy” rating in a report on Tuesday, April 16th.

A number of institutional investors have recently made changes to their positions in GLP. Raymond James & Associates increased its stake in Global Partners by 4.3% during the fourth quarter. Raymond James & Associates now owns 13,285 shares of the energy company’s stock worth $217,000 after acquiring an additional 550 shares during the last quarter. Commonwealth Equity Services LLC lifted its holdings in Global Partners by 11.2% during the 4th quarter. Commonwealth Equity Services LLC now owns 20,090 shares of the energy company’s stock worth $327,000 after buying an additional 2,018 shares during the last quarter. Barclays PLC bought a new position in Global Partners during the 4th quarter worth approximately $116,000. Albert D Mason Inc. lifted its holdings in Global Partners by 45.3% during the 1st quarter. Albert D Mason Inc. now owns 49,915 shares of the energy company’s stock worth $981,000 after buying an additional 15,555 shares during the last quarter. Finally, Moors & Cabot Inc. increased its position in Global Partners by 100.0% in the 1st quarter. Moors & Cabot Inc. now owns 21,976 shares of the energy company’s stock valued at $438,000 after acquiring an additional 10,988 shares during the period. Institutional investors own 39.49% of the company’s stock.

Shares of NYSE:GLP traded down $0.15 during midday trading on Friday, reaching $19.90. 40,300 shares of the company’s stock were exchanged, compared to its average volume of 78,144. The stock has a 50 day moving average price of $20.24. The company has a current ratio of 1.29, a quick ratio of 0.70 and a debt-to-equity ratio of 3.53. The company has a market capitalization of $681.70 million, a PE ratio of 11.51 and a beta of 0.85. Global Partners has a fifty-two week low of $13.63 and a fifty-two week high of $21.62.

Global Partners (NYSE:GLP) last issued its quarterly earnings data on Thursday, May 9th. The energy company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.04. The firm had revenue of $2.98 billion during the quarter, compared to the consensus estimate of $3.08 billion. Global Partners had a return on equity of 12.35% and a net margin of 0.40%. On average, analysts expect that Global Partners will post 0.44 EPS for the current year.

Global Partners Company Profile

Global Partners LP engages in the purchasing, selling, gathering, blending, storing, and logistics of transporting gasoline and gasoline blendstocks, distillates, residual oil, renewable fuels, crude oil, and propane to wholesalers, retailers, and commercial customers in the New England states and New York.

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