TravelCenters of America (NASDAQ:TA) Shares Gap Up to $48.70

TravelCenters of America Inc. (NASDAQ:TAGet Rating) gapped up prior to trading on Wednesday . The stock had previously closed at $48.70, but opened at $50.48. TravelCenters of America shares last traded at $49.59, with a volume of 31 shares changing hands.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. StockNews.com lowered shares of TravelCenters of America from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 2nd. BMO Capital Markets raised their price target on shares of TravelCenters of America from $60.00 to $65.00 and gave the stock a “market perform” rating in a research note on Wednesday, September 21st. Citigroup raised their price target on shares of TravelCenters of America to $85.00 in a research note on Tuesday, August 9th. B. Riley raised their price target on shares of TravelCenters of America from $70.00 to $75.00 and gave the stock a “buy” rating in a research note on Thursday, September 22nd. Finally, Benchmark began coverage on shares of TravelCenters of America in a research note on Tuesday. They issued a “buy” rating and a $65.00 price target on the stock. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, TravelCenters of America presently has a consensus rating of “Moderate Buy” and an average target price of $72.40.

TravelCenters of America Stock Up 5.5 %

The company has a debt-to-equity ratio of 0.64, a current ratio of 1.51 and a quick ratio of 1.13. The business’s 50 day simple moving average is $55.23 and its 200 day simple moving average is $47.25. The company has a market capitalization of $762.70 million, a PE ratio of 5.86 and a beta of 1.74.

Hedge Funds Weigh In On TravelCenters of America

A number of institutional investors have recently bought and sold shares of the company. Credit Suisse AG raised its stake in TravelCenters of America by 2.2% during the second quarter. Credit Suisse AG now owns 10,771 shares of the specialty retailer’s stock worth $371,000 after purchasing an additional 227 shares during the period. UBS Group AG increased its position in shares of TravelCenters of America by 8.0% during the second quarter. UBS Group AG now owns 3,070 shares of the specialty retailer’s stock valued at $106,000 after acquiring an additional 228 shares during the last quarter. Legal & General Group Plc increased its position in shares of TravelCenters of America by 8.3% during the second quarter. Legal & General Group Plc now owns 4,745 shares of the specialty retailer’s stock valued at $164,000 after acquiring an additional 363 shares during the last quarter. Fuller & Thaler Asset Management Inc. increased its position in shares of TravelCenters of America by 0.5% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 80,440 shares of the specialty retailer’s stock valued at $3,456,000 after acquiring an additional 415 shares during the last quarter. Finally, Russell Investments Group Ltd. acquired a new stake in shares of TravelCenters of America during the third quarter valued at about $34,000. 67.69% of the stock is owned by hedge funds and other institutional investors.

TravelCenters of America Company Profile

(Get Rating)

TravelCenters of America Inc operates travel centers, truck service facilities, and restaurants in the United States and Canada. The company's travel centers offer various products and services, including diesel fuel and gasoline, as well as nonfuel products and services, such as a range of truck repair and maintenance services, diesel exhaust fluids, full service restaurants, quick service restaurants, and various customer amenities.

Read More

Receive News & Ratings for TravelCenters of America Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TravelCenters of America and related companies with MarketBeat.com's FREE daily email newsletter.