Zacks Upgrades TransMontaigne Partners L.P. to Neutral (TLP)
TransMontaigne Partners L.P. (NYSE:TLP) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research report issued on Monday. The firm currently has a $44.00 target price on the stock. Zacks‘s price objective would indicate a potential upside of 2.25% from the stock’s previous close.
TransMontaigne Partners L.P. (NYSE:TLP) traded down 0.02% during mid-day trading on Monday, hitting $43.02. The stock had a trading volume of 88,513 shares. TransMontaigne Partners L.P. has a one year low of $38.93 and a one year high of $50.00. The stock has a 50-day moving average of $43.59 and a 200-day moving average of $44.34. The company has a market cap of $693.7 million and a price-to-earnings ratio of 24.34.
TransMontaigne Partners L.P. (NYSE:TLP) last announced its earnings results on Thursday, August 7th. The company reported $0.56 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.53 by $0.03. The company had revenue of $39.40 million for the quarter, compared to the consensus estimate of $37.16 million. On average, analysts predict that TransMontaigne Partners L.P. will post $2.16 earnings per share for the current fiscal year.
TransMontaigne Partners L.P. (NYSE:TLP) is a terminaling and transportation company with operations primarily in the United States along the Gulf Coast, in the Midwest, in Brownsville, Texas, along the Mississippi and Ohio Rivers, and in the Southeast.
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