Crossamerica Partners LP (NYSE:CAPL) has received a consensus recommendation of “Hold” from the seven research firms that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $22.00.

A number of analysts have commented on CAPL shares. Zacks Investment Research cut shares of Crossamerica Partners from a “buy” rating to a “hold” rating in a report on Monday, November 5th. Robert W. Baird reduced their target price on shares of Crossamerica Partners from $18.00 to $16.00 and set a “neutral” rating for the company in a report on Wednesday, December 19th.

CAPL stock traded down $0.05 during midday trading on Thursday, reaching $17.18. 56,400 shares of the company’s stock traded hands, compared to its average volume of 78,289. Crossamerica Partners has a 52-week low of $13.00 and a 52-week high of $24.50. The stock has a market cap of $593.40 million, a P/E ratio of -214.75, a P/E/G ratio of 5.64 and a beta of 1.40. The company has a current ratio of 0.71, a quick ratio of 0.55 and a debt-to-equity ratio of 4.60.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 19th. Shareholders of record on Monday, February 11th were issued a dividend of $0.525 per share. The ex-dividend date of this dividend was Friday, February 8th. This represents a $2.10 dividend on an annualized basis and a yield of 12.22%. Crossamerica Partners’s dividend payout ratio is currently -2,625.00%.

Several institutional investors and hedge funds have recently bought and sold shares of CAPL. Valley National Advisers Inc. bought a new position in shares of Crossamerica Partners in the third quarter worth approximately $136,000. Acadian Asset Management LLC bought a new position in shares of Crossamerica Partners in the fourth quarter worth approximately $141,000. Essex Financial Services Inc. bought a new position in shares of Crossamerica Partners in the fourth quarter worth approximately $142,000. Tortoise Index Solutions LLC boosted its position in shares of Crossamerica Partners by 100.7% in the fourth quarter. Tortoise Index Solutions LLC now owns 10,294 shares of the oil and gas company’s stock worth $146,000 after purchasing an additional 5,164 shares during the period. Finally, Strategic Wealth Advisors Group LLC bought a new position in shares of Crossamerica Partners in the fourth quarter worth approximately $226,000. Institutional investors and hedge funds own 35.15% of the company’s stock.

Crossamerica Partners Company Profile

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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