Lehigh Gas Partners Downgraded to “Underperform” at Zacks (LGP)
Lehigh Gas Partners (NYSE:LGP) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research report issued to clients and investors on Tuesday, Analyst Ratings.Net reports. They currently have a $27.20 target price on the stock. Zacks‘ price target suggests a potential downside of 5.06% from the stock’s previous close.
Shares of Lehigh Gas Partners (NYSE:LGP) traded down 0.14% during mid-day trading on Tuesday, hitting $28.61. 58,806 shares of the company’s stock traded hands. Lehigh Gas Partners has a one year low of $19.44 and a one year high of $29.18. The stock’s 50-day moving average is $27.81 and its 200-day moving average is $27.33. The company has a market cap of $430.6 million and a price-to-earnings ratio of 28.68.
Lehigh Gas Partners (NYSE:LGP) last posted its quarterly earnings results on Friday, November 8th. The company reported $0.33 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.30 by $0.03. The company had revenue of $490.10 million for the quarter, compared to the consensus estimate of $548.82 million. Analysts expect that Lehigh Gas Partners will post $1.24 EPS for the current fiscal year.
LGP has been the subject of a number of other recent research reports. Analysts at TheStreet reiterated a “sell” rating on shares of Lehigh Gas Partners in a research note to investors on Monday, December 30th. Finally, analysts at Raymond James raised their price target on shares of Lehigh Gas Partners from $31.00 to $33.00 in a research note to investors on Monday, November 11th. They now have an “outperform” rating on the stock.
Lehigh Gas Partners LP is engaged in the wholesale distribution of motor fuels, consisting of gasoline and diesel fuel, and to own and lease real estate used in the retail distribution of motor fuels.
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