TravelCenters of America Rating Reiterated by Citigroup Inc. (TA)
TravelCenters of America (NYSE:TA)‘s stock had its “buy” rating reiterated by Citigroup Inc. in a research note issued on Wednesday. They currently have a $10.00 price target on the stock, down from their previous price target of $11.00. Citigroup Inc.’s target price indicates a potential upside of 19.76% from the stock’s previous close.
Shares of TravelCenters of America (NYSE:TA) traded down 1.02% during mid-day trading on Wednesday, hitting $8.2648. The stock had a trading volume of 83,418 shares. TravelCenters of America has a one year low of $7.01 and a one year high of $12.25. The stock has a 50-day moving average of $7.96 and a 200-day moving average of $8.53. The company has a market cap of $311.0 million and a P/E ratio of 7.91.
TravelCenters of America (NYSE:TA) last released its earnings data on Monday, June 9th. The company reported $0.39 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.21) by $0.60. The company had revenue of $1.91 billion for the quarter, compared to the consensus estimate of $1.91 billion. During the same quarter in the prior year, the company posted ($0.08) earnings per share. The company’s quarterly revenue was down 1.0% on a year-over-year basis. On average, analysts predict that TravelCenters of America will post $0.82 earnings per share for the current fiscal year.
Separately, analysts at Zacks downgraded shares of TravelCenters of America from a “neutral” rating to an “underperform” rating in a research note on Thursday, June 12th. They now have a $8.40 price target on the stock.
TravelCenters of America LLC operates and franchises travel centers primarily along the United States interstate highway system.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.