Equities analysts predict that CrossAmerica Partners LP (NYSE:CAPL) will post sales of $575.18 million for the current quarter, according to Zacks. Five analysts have made estimates for CrossAmerica Partners’ earnings. The lowest sales estimate is $515.80 million and the highest is $677.20 million. CrossAmerica Partners reported sales of $501.47 million in the same quarter last year, which indicates a positive year over year growth rate of 14.7%. The company is scheduled to announce its next quarterly earnings report on Tuesday, February 27th.

On average, analysts expect that CrossAmerica Partners will report full year sales of $575.18 million for the current year, with estimates ranging from $2.03 billion to $2.22 billion. For the next financial year, analysts forecast that the business will post sales of $2.46 billion per share, with estimates ranging from $2.07 billion to $3.01 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for CrossAmerica Partners.

A number of research firms recently weighed in on CAPL. BidaskClub cut CrossAmerica Partners from a “hold” rating to a “sell” rating in a report on Saturday, October 7th. Royal Bank of Canada reduced their target price on CrossAmerica Partners from $30.00 to $28.00 and set a “sector perform” rating on the stock in a research note on Thursday, November 9th. Finally, B. Riley set a $30.00 target price on CrossAmerica Partners and gave the company a “buy” rating in a research note on Monday, December 18th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. CrossAmerica Partners currently has an average rating of “Hold” and an average target price of $29.20.

A number of hedge funds have recently bought and sold shares of CAPL. Raymond James Financial Services Advisors Inc. lifted its stake in shares of CrossAmerica Partners by 0.3% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 92,698 shares of the oil and gas company’s stock worth $2,364,000 after purchasing an additional 303 shares during the period. Royal Bank of Canada lifted its stake in shares of CrossAmerica Partners by 17.1% during the 2nd quarter. Royal Bank of Canada now owns 21,216 shares of the oil and gas company’s stock worth $541,000 after purchasing an additional 3,098 shares during the period. Mutual of America Capital Management LLC lifted its stake in shares of CrossAmerica Partners by 2.8% during the 3rd quarter. Mutual of America Capital Management LLC now owns 127,775 shares of the oil and gas company’s stock worth $3,482,000 after purchasing an additional 3,504 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of CrossAmerica Partners by 2.3% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 315,232 shares of the oil and gas company’s stock worth $8,590,000 after purchasing an additional 6,946 shares during the period. Finally, Ameriprise Financial Inc. lifted its stake in shares of CrossAmerica Partners by 71.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 17,339 shares of the oil and gas company’s stock worth $442,000 after purchasing an additional 7,217 shares during the period. 34.45% of the stock is currently owned by hedge funds and other institutional investors.

CrossAmerica Partners (CAPL) traded down $0.25 on Wednesday, hitting $24.30. The company had a trading volume of 27,403 shares, compared to its average volume of 54,055. The firm has a market cap of $834.33, a PE ratio of -2,430,000.00, a P/E/G ratio of 10.56 and a beta of 1.27. The company has a current ratio of 0.70, a quick ratio of 0.57 and a debt-to-equity ratio of 2.69. CrossAmerica Partners has a 1-year low of $22.57 and a 1-year high of $29.80.

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CrossAmerica Partners Company Profile

CrossAmerica Partners LP is a limited partnership engaged in the wholesale distribution of motor fuel, and the ownership and leasing of real estate used in the retail distribution of motor fuel. The Company operates in two segments: wholesale and retail. The wholesale segment is engaged in the wholesale distribution of motor fuel to lessee dealers, independent dealers, commission agents, Dunne Manning Stores LLC (DMS), CST Brands, Inc and subsidiaries (CST) and company operated retail sites.

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