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Equities researchers at Bank of America began coverage on shares of TransMontaigne Partners L.P. (NYSE:TLP) in a research report issued on Tuesday. The firm set a “neutral” rating on the stock.

Shares of TransMontaigne Partners L.P. (NYSE:TLP) traded down 1.24% on Tuesday, hitting $42.16. The stock had a trading volume of 20,338 shares. TransMontaigne Partners L.P. has a 1-year low of $38.93 and a 1-year high of $50.00. The stock has a 50-day moving average of $43.5 and a 200-day moving average of $44.34. The company has a market cap of $679.8 million and a price-to-earnings ratio of 24.15.

TransMontaigne Partners L.P. (NYSE:TLP) last issued its quarterly earnings data 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 $2.17 earnings per share for the current fiscal year.

TLP has been the subject of a number of other recent research reports. Analysts at Zacks upgraded shares of TransMontaigne Partners L.P. from an “underperform” rating to a “neutral” rating in a research note on Monday. They now have a $44.00 price target on the stock.

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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