ARKO Corp. (NASDAQ:ARKO) Receives $7.13 Average Target Price from Brokerages

Shares of ARKO Corp. (NASDAQ:ARKO) have earned a consensus rating of “Hold” from the six research firms that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $7.1250.

A number of brokerages have recently commented on ARKO. Zacks Research downgraded shares of ARKO from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Wall Street Zen raised shares of ARKO from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of ARKO in a research note on Tuesday, October 14th. Finally, Raymond James Financial set a $8.00 price target on ARKO and gave the company a “strong-buy” rating in a report on Friday, August 8th.

Hedge Funds Weigh In On ARKO

Several large investors have recently added to or reduced their stakes in ARKO. Voss Capital LP acquired a new stake in ARKO in the 1st quarter worth about $9,547,000. Assenagon Asset Management S.A. purchased a new position in shares of ARKO during the 3rd quarter worth about $2,444,000. Empowered Funds LLC acquired a new stake in shares of ARKO in the first quarter worth approximately $1,335,000. Nuveen LLC acquired a new stake in shares of ARKO in the first quarter worth approximately $1,284,000. Finally, Goldman Sachs Group Inc. grew its holdings in ARKO by 37.0% in the first quarter. Goldman Sachs Group Inc. now owns 762,864 shares of the company’s stock valued at $3,013,000 after purchasing an additional 206,061 shares during the period. 78.29% of the stock is currently owned by hedge funds and other institutional investors.

ARKO Stock Up 3.0%

Shares of NASDAQ:ARKO opened at $4.41 on Wednesday. The company has a quick ratio of 1.11, a current ratio of 1.55 and a debt-to-equity ratio of 4.07. ARKO has a 52-week low of $3.51 and a 52-week high of $7.84. The stock’s fifty day simple moving average is $4.60 and its 200-day simple moving average is $4.54. The company has a market capitalization of $497.19 million, a P/E ratio of 55.13 and a beta of 0.77.

ARKO (NASDAQ:ARKO) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.04. ARKO had a return on equity of 5.50% and a net margin of 0.18%.The firm had revenue of $2 billion during the quarter, compared to analysts’ expectations of $2.04 billion. As a group, equities research analysts forecast that ARKO will post 0.2 earnings per share for the current fiscal year.

ARKO Company Profile

Arko Corp. operates convenience stores in the United States. It operates through Retail, Wholesale, Fleet Fueling, and GPMP segments. The Retail segment engages in the sale of fuel and merchandise to retail consumers. Its Wholesale segment supplies fuel to third-party dealers and consignment agents. The Fleet Fueling segment supplies fuel to proprietary and third-party cardlock, and issuance of proprietary fuel cards.