In a report released yesterday, Bryan Maher from B.Riley FBR maintained a Buy rating on TravelCenters (TA), with a price target of $10. The company’s shares closed yesterday at $4.20.
Maher wrote:
“TravelCenters of America (TA) posted solid 1Q19 results with attractive fuel and non-fuel growth metrics. Keeping in mind that the first quarter is seasonally weak (2Q and 3Q are strong), TA reported adjusted EPS of ($0.36), above our ($0.44) estimate and the consensus estimate of ($0.39). However, adjusted EBITDA of $11.4M was slightly below our $11.8M estimate and missed the consensus estimate of $12.7M. The primary reason for the EBITDA miss was higher-than-expected site-level operating expense as TA has increased staffing in advance of an expected increase in truck servicing business over the balance of the year. Results were driven by a 3.0% Y/Y increase in total fuel sales, while fuel gross margins were $0.158 per gallon, down 12.7% from $0.181 in 1Q18.”
According to TipRanks.com, Maher is a 1-star analyst with an average return of -0.2% and a 50.0% success rate. Maher covers the Financial sector, focusing on stocks such as Industrial Logistics Properties Trust, Senior Housing Properties Trust, and Office Properties Income Trust.
Currently, the analyst consensus on TravelCenters is a Moderate Buy with an average price target of $9.50.
See today’s analyst top recommended stocks >>
Based on TravelCenters’ latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $4.77 million. In comparison, last year the company had a GAAP net loss of $9.6 million.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
TravelCenters of America LLC engages in the operation and franchise of travel centers and convenience stores. It products and services include diesel fuel and gasoline, truck repair and maintenance services, full service restaurants, quick serve restaurants, travel and convenience stores, and various driver amenities.
