Shares of CrossAmerica Partners LP (NYSE:CAPL) have earned a consensus recommendation of “Hold” from the seven research firms that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $29.33.

A number of research firms have weighed in on CAPL. BidaskClub lowered shares of CrossAmerica Partners from a “buy” rating to a “hold” rating in a research note on Thursday, September 21st. Royal Bank of Canada dropped their price objective on shares of CrossAmerica Partners from $30.00 to $28.00 and set a “sector perform” rating on the stock in a research note on Thursday, November 9th.

Several institutional investors have recently added to or reduced their stakes in the business. Neuberger Berman Group LLC bought a new position in shares of CrossAmerica Partners in the third quarter valued at $602,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of CrossAmerica Partners by 2.3% in the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 315,232 shares of the oil and gas company’s stock valued at $8,590,000 after buying an additional 6,946 shares in the last quarter. Harvest Fund Advisors LLC lifted its stake in shares of CrossAmerica Partners by 4.8% in the third quarter. Harvest Fund Advisors LLC now owns 3,075,007 shares of the oil and gas company’s stock valued at $83,794,000 after buying an additional 141,143 shares in the last quarter. Kayne Anderson Capital Advisors LP bought a new position in shares of CrossAmerica Partners in the third quarter valued at $272,000. Finally, Global X MANAGEMENT CO LLC lifted its stake in shares of CrossAmerica Partners by 3.5% in the third quarter. Global X MANAGEMENT CO LLC now owns 308,664 shares of the oil and gas company’s stock valued at $8,411,000 after buying an additional 10,312 shares in the last quarter. 34.45% of the stock is currently owned by hedge funds and other institutional investors.

CrossAmerica Partners (NYSE CAPL) opened at $23.19 on Friday. CrossAmerica Partners has a 12 month low of $22.57 and a 12 month high of $29.80. The firm has a market cap of $798.99, a price-to-earnings ratio of 106.86, a price-to-earnings-growth ratio of 352.65 and a beta of 1.28. The company has a quick ratio of 0.57, a current ratio of 0.70 and a debt-to-equity ratio of 2.69.

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CrossAmerica Partners Company Profile

CrossAmerica Partners LP is a limited partnership engaged in the wholesale distribution of motor fuel, and the ownership and leasing of real estate used in the retail distribution of motor fuel. The Company operates in two segments: wholesale and retail. The wholesale segment is engaged in the wholesale distribution of motor fuel to lessee dealers, independent dealers, commission agents, Dunne Manning Stores LLC (DMS), CST Brands, Inc and subsidiaries (CST) and company operated retail sites.

Analyst Recommendations for CrossAmerica Partners (NYSE:CAPL)

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