CrossAmerica Partners (NYSE:CAPL) has been assigned a consensus recommendation of “Hold” from the eleven research firms that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $27.33.

Several research analysts have commented on the stock. Zacks Investment Research upgraded shares of CrossAmerica Partners from a “sell” rating to a “hold” rating in a report on Friday, May 11th. B. Riley lowered their price target on shares of CrossAmerica Partners from $29.00 to $25.00 and set a “buy” rating for the company in a report on Tuesday, May 22nd. ValuEngine cut shares of CrossAmerica Partners from a “sell” rating to a “strong sell” rating in a report on Tuesday, May 8th. Stephens reiterated a “hold” rating and set a $23.00 price target on shares of CrossAmerica Partners in a report on Tuesday, April 17th. Finally, Jefferies Group reiterated a “buy” rating and set a $28.00 price target on shares of CrossAmerica Partners in a report on Thursday, March 1st.

Institutional investors have recently modified their holdings of the company. LPL Financial LLC acquired a new position in shares of CrossAmerica Partners in the 1st quarter valued at $206,000. BB&T Securities LLC acquired a new position in shares of CrossAmerica Partners in the 1st quarter valued at $325,000. Kayne Anderson Capital Advisors LP boosted its holdings in shares of CrossAmerica Partners by 50.0% in the 4th quarter. Kayne Anderson Capital Advisors LP now owns 15,000 shares of the oil and gas company’s stock valued at $356,000 after buying an additional 5,000 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of CrossAmerica Partners in the 4th quarter valued at $391,000. Finally, Quadrant Private Wealth Management LLC boosted its holdings in shares of CrossAmerica Partners by 7.5% in the 1st quarter. Quadrant Private Wealth Management LLC now owns 63,478 shares of the oil and gas company’s stock valued at $1,305,000 after buying an additional 4,414 shares in the last quarter. Institutional investors and hedge funds own 33.06% of the company’s stock.

NYSE CAPL opened at $16.39 on Friday. The company has a quick ratio of 0.65, a current ratio of 0.81 and a debt-to-equity ratio of 3.54. CrossAmerica Partners has a 52 week low of $16.01 and a 52 week high of $29.80. The company has a market cap of $592.33 million, a price-to-earnings ratio of -204.88, a PEG ratio of 12.17 and a beta of 1.14.

The business also recently announced a quarterly dividend, which was paid on Friday, May 25th. Stockholders of record on Friday, May 18th were issued a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 12.81%. The ex-dividend date was Thursday, May 17th. CrossAmerica Partners’s payout ratio is -2,625.00%.

About CrossAmerica Partners

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.

Analyst Recommendations for CrossAmerica Partners (NYSE:CAPL)

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