TravelCenters of America Upgraded to “Neutral” at Zacks (TA)
TravelCenters of America (NYSE:TA) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research report issued on Tuesday. The firm currently has a $9.60 price objective on the stock. Zacks‘s price target indicates a potential upside of 2.35% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at TheStreet upgraded shares of TravelCenters of America from a “hold” rating to a “buy” rating in a research note on Thursday, June 26th. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of TravelCenters of America in a research note on Wednesday, June 18th. They now have a $10.00 price target on the stock, down previously from $11.00.
Shares of TravelCenters of America (NYSE:TA) traded down 2.24% during mid-day trading on Tuesday, hitting $9.17. 136,510 shares of the company’s stock traded hands. TravelCenters of America has a one year low of $7.01 and a one year high of $11.17. The stock has a 50-day moving average of $8.86 and a 200-day moving average of $8.38. The company has a market cap of $345.0 million and a P/E ratio of 8.88.
TravelCenters of America (NYSE:TA) last posted its quarterly earnings results 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. Analysts expect that TravelCenters of America will post $0.83 EPS for the current fiscal year.
TravelCenters of America LLC (NYSE:TA) operates and franchises travel centers primarily along the United States interstate highway system.
To view Zacks’ full report, visit Zacks’ official website.
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.