TravelCenters of America (TA) Receiving Somewhat Positive Press Coverage, Report Shows
News coverage about TravelCenters of America (NYSE:TA) has trended somewhat positive recently, according to Accern. The research group ranks the sentiment of press coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. TravelCenters of America earned a daily sentiment score of 0.00 on Accern’s scale. Accern also gave media headlines about the specialty retailer an impact score of 45.31367208347 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- TA Restaurant Group Serves Up Annual Fall SweepSTEAKS (csnews.com)
- Company Performance Review on Shares of TravelCenters of America LLC (NYSE:TA) (techkenyot.com)
- TravelCenters of America LLC (NASDAQ:TA) Sees Significantly Higher Trading Volume (iphonefresh.com)
- TA Restaurant Group Serves Up Annual Fall SweepSTEAKS – CSNews Online (csnews.com)
- Shares of TravelCenters of America LLC (TA) See Mesa Average Drop Below FAMA – Evergreen Caller (evergreencaller.com)
Shares of TravelCenters of America (TA) traded up 1.49% on Friday, reaching $3.40. The company had a trading volume of 41,498 shares. The firm’s market capitalization is $134.49 million. TravelCenters of America has a 12 month low of $3.22 and a 12 month high of $7.75. The company’s 50-day moving average is $3.65 and its 200 day moving average is $4.84.
TravelCenters of America (NYSE:TA) last released its quarterly earnings results on Tuesday, August 8th. The specialty retailer reported $0.03 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.04 by $0.01. TravelCenters of America had a negative net margin of 0.20% and a negative return on equity of 2.19%. The business had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same period in the prior year, the business earned $0.09 earnings per share. The company’s revenue for the quarter was up 4.8% on a year-over-year basis. Equities analysts forecast that TravelCenters of America will post ($0.69) earnings per share for the current year.
A number of equities research analysts have recently weighed in on the company. FBR & Co set a $9.00 price target on TravelCenters of America and gave the company a “buy” rating in a report on Wednesday. Zacks Investment Research downgraded TravelCenters of America from a “hold” rating to a “sell” rating in a report on Tuesday, August 15th. TheStreet downgraded TravelCenters of America from a “c-” rating to a “d+” rating in a report on Thursday, June 8th. ValuEngine downgraded TravelCenters of America from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. Finally, Citigroup Inc. reiterated a “buy” rating and issued a $5.50 price target (down from $7.50) on shares of TravelCenters of America in a report on Monday, May 15th. Two investment analysts have rated the stock with a sell rating and two have given a buy rating to the stock. TravelCenters of America has a consensus rating of “Hold” and an average price target of $7.25.
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About TravelCenters of America
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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