In a report released yesterday, Selman Akyol from Stifel Nicolaus reiterated a Hold rating on Global Partners Lp (NYSE: GLP), with a price target of $20. The company’s shares closed yesterday at $19.50.
According to TipRanks.com, Akyol is a 4-star analyst with an average return of 3.3% and a 61.5% success rate. Akyol covers the Basic Materials sector, focusing on stocks such as Energy Transfer Partners LP, Dcp Midstream Partners Lp, and Spectra Energy Partners.
Global Partners Lp has an analyst consensus of Hold, with a price target consensus of $20.
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Based on Global Partners Lp’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $6.3 million. In comparison, last year the company had a net profit of $2.36 million.
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Global Partners LP engages in purchasing, selling, storing, and logistics of transporting petroleum and related products. It operates through the following business segments; Wholesale, Gasoline Distribution and Station Operations (GDSO), and Commercial.
