TravelCenters of America LLC (TA) Rating Increased to Buy at Zacks Investment Research
Zacks Investment Research upgraded shares of TravelCenters of America LLC (NASDAQ:TA) from a hold rating to a buy rating in a research report released on Saturday morning. Zacks Investment Research currently has $5.00 price objective on the specialty retailer’s stock.
According to Zacks, “TRAVELCENTERS OF AMERICA, LLC. is a full-service national travel center chain in the U.S., with nationwide locations serving hundreds of thousands of professional drivers and other highway travelers each month – including virtually all major trucking fleets. Their travel centers operate under the TravelCenters of America, TA and Petro brand names and offer diesel and gasoline fueling services, restaurants, heavy truck repair facilities, stores and other services. “
A number of other analysts have also issued reports on TA. FBR & Co set a $9.00 target price on TravelCenters of America and gave the company a buy rating in a report on Wednesday, August 30th. Citigroup Inc. lowered TravelCenters of America from a buy rating to a sell rating and set a $4.50 price objective for the company. in a report on Wednesday, October 11th. Finally, B. Riley reiterated a buy rating on shares of TravelCenters of America in a report on Wednesday, November 1st. Two investment analysts have rated the stock with a sell rating and three have issued a buy rating to the company’s stock. TravelCenters of America currently has a consensus rating of Hold and an average price target of $7.38.
Shares of TravelCenters of America (TA) opened at $4.35 on Friday. TravelCenters of America has a 1-year low of $2.95 and a 1-year high of $7.75.
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Large investors have recently made changes to their positions in the stock. Highbridge Capital Management LLC bought a new position in TravelCenters of America during the first quarter valued at about $106,000. Dynamic Technology Lab Private Ltd bought a new position in TravelCenters of America during the third quarter valued at about $126,000. Jane Street Group LLC bought a new position in TravelCenters of America during the third quarter valued at about $169,000. State Street Corp raised its holdings in TravelCenters of America by 29.5% during the second quarter. State Street Corp now owns 41,685 shares of the specialty retailer’s stock valued at $171,000 after buying an additional 9,506 shares in the last quarter. Finally, Hanson & Doremus Investment Management raised its holdings in TravelCenters of America by 144.7% during the third quarter. Hanson & Doremus Investment Management now owns 54,430 shares of the specialty retailer’s stock valued at $231,000 after buying an additional 32,185 shares in the last quarter.
TravelCenters of America Company Profile
TravelCenters of America LLC (TravelCenters) operates and franchises travel centers and convenience store and restaurant locations. The Company’s segments include travel centers, convenience stores, and corporate and other. The Company offers a range of products and services, including diesel fuel and gasoline, as well as nonfuel products and services, such as truck repair and maintenance services, full service restaurants, quick service restaurants (QSRs), travel/convenience stores and various customer amenities.
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