Zacks Upgrades TravelCenters of America LLC to Neutral (TA)
TravelCenters of America LLC (NYSE:TA) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a note issued to investors on Tuesday, Analyst Ratings Network reports. The firm currently has a $7.70 price objective on the stock. Zacks‘ price objective would suggest a potential upside of 1.99% from the company’s current price.
Shares of TravelCenters of America LLC (NYSE:TA) traded down 4.37% on Tuesday, hitting $7.22. 217,001 shares of the company’s stock traded hands. TravelCenters of America LLC has a 52-week low of $4.18 and a 52-week high of $12.50. The stock’s 50-day moving average is $7.83 and its 200-day moving average is $9.87. The company has a market cap of $213.5 million and a price-to-earnings ratio of 10.82.
TravelCenters of America LLC (NYSE:TA) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.54 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.00 by $0.46. The company had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $2.12 billion. During the same quarter last year, the company posted $1.04 earnings per share. TravelCenters of America LLC’s revenue was down 1.1% compared to the same quarter last year.
Separately, analysts at Raymond James downgraded shares of TravelCenters of America LLC from an “outperform” rating to a “market perform” rating in a research note to investors on Tuesday, July 23rd. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $10.07.
TravelCenters of America LLC operates and franchises travel centers primarily along the United States interstate highway system.
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