Crossamerica Partners (CAPL) Gets a Hold Rating from Raymond James

Raymond James analyst Justin Jenkins maintained a Hold rating on Crossamerica Partners (CAPLResearch Report) today. The company’s shares closed last Tuesday at $20.23, close to its 52-week high of $21.73.

According to TipRanks.com, Jenkins is a 5-star analyst with an average return of 9.5% and a 63.1% success rate. Jenkins covers the Industrial Goods sector, focusing on stocks such as Enterprise Products Partners, Holly Energy Partners, and Phillips 66 Partners.

The word on The Street in general, suggests a Hold analyst consensus rating for Crossamerica Partners with a $17.00 average price target.

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Based on Crossamerica Partners’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $551 million and net profit of $8.96 million. In comparison, last year the company earned revenue of $512 million and had a net profit of $4.26 million.

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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. The Retail segment owns, leases and operates convenience stores used in the retail distribution of motor fuel. The company was founded on December 2, 2011 and is headquartered in Allentown, PA.