StockNews.com upgraded shares of CrossAmerica Partners (NYSE:CAPL – Get Rating) from a buy rating to a strong-buy rating in a research report sent to investors on Monday.
CrossAmerica Partners Stock Performance
CAPL opened at $21.26 on Monday. The company has a market capitalization of $806.60 million, a price-to-earnings ratio of 13.12 and a beta of 1.72. The company has a debt-to-equity ratio of 14.38, a current ratio of 0.68 and a quick ratio of 0.41. CrossAmerica Partners has a 1-year low of $18.32 and a 1-year high of $23.29. The business has a 50 day moving average price of $21.41 and a two-hundred day moving average price of $20.44.
CrossAmerica Partners Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, February 10th. Shareholders of record on Friday, February 3rd were given a $0.525 dividend. The ex-dividend date of this dividend was Thursday, February 2nd. This represents a $2.10 dividend on an annualized basis and a yield of 9.88%. CrossAmerica Partners’s dividend payout ratio (DPR) is 129.63%.
Institutional Investors Weigh In On CrossAmerica Partners
About CrossAmerica Partners
CrossAmerica Partners LP engages in the wholesale distribution of motor fuels and owning and leasing of real estate used in the retail distribution of motor fuels. It operates through the following segments: Wholesale and Retail. The Wholesale segment distributes branded motor fuels such as ExxonMobil, BP, Motiva, Chevron, Sunoco, Valero, Gulf, Citgo, and Marathon.
- Get a free copy of the StockNews.com research report on CrossAmerica Partners (CAPL)
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