TravelCenters of America LLC (TA) Given Consensus Rating of “Hold” by Analysts

TravelCenters of America LLC (NASDAQ:TA) has earned a consensus rating of “Hold” from the six ratings firms that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $8.17.

A number of equities research analysts have weighed in on TA shares. FBR & Co set a $9.00 target price on TravelCenters of America and gave the company a “buy” rating in a research report on Wednesday, August 30th. Zacks Investment Research lowered TravelCenters of America from a “hold” rating to a “sell” rating in a research report on Tuesday, August 15th. Citigroup lowered TravelCenters of America from a “buy” rating to a “sell” rating and set a $4.50 target price for the company. in a research report on Wednesday, October 11th. B. Riley reissued a “buy” rating and issued a $10.00 price target on shares of TravelCenters of America in a research report on Wednesday, November 8th. Finally, TheStreet raised TravelCenters of America from a “d” rating to a “c-” rating in a research report on Thursday.

Shares of TravelCenters of America (NASDAQ TA) opened at $4.50 on Friday. The company has a quick ratio of 0.64, a current ratio of 1.21 and a debt-to-equity ratio of 1.18. TravelCenters of America has a 1 year low of $2.95 and a 1 year high of $7.75.

Several institutional investors and hedge funds have recently added to or reduced their stakes in TA. Dynamic Technology Lab Private Ltd bought a new position in shares of TravelCenters of America in the 3rd quarter worth $126,000. Jane Street Group LLC bought a new position in shares of TravelCenters of America in the 3rd quarter worth $169,000. State Street Corp raised its position in shares of TravelCenters of America by 29.5% in the 2nd quarter. State Street Corp now owns 41,685 shares of the specialty retailer’s stock worth $171,000 after acquiring an additional 9,506 shares in the last quarter. Highbridge Capital Management LLC bought a new position in shares of TravelCenters of America in the 3rd quarter worth $225,000. Finally, Hanson & Doremus Investment Management raised its position in shares of TravelCenters of America by 144.7% in the 3rd quarter. Hanson & Doremus Investment Management now owns 54,430 shares of the specialty retailer’s stock worth $231,000 after acquiring an additional 32,185 shares in the last quarter. 34.18% of the stock is owned by hedge funds and other institutional investors.

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TravelCenters of America Company Profile

TravelCenters of America LLC (TravelCenters) operates and franchises travel centers and convenience store and restaurant locations. The Company’s segments include travel centers, convenience stores, and corporate and other. The Company offers a range of products and services, including diesel fuel and gasoline, as well as nonfuel products and services, such as truck repair and maintenance services, full service restaurants, quick service restaurants (QSRs), travel/convenience stores and various customer amenities.

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