Reaffirmed: Global Partners (NYSE:GLP) Hold Rating Maintained at Stifel; $20 Target in Place

August 10, 2018 - By Eugene Smith

Global Partners LP (NYSE:GLP) Logo

Investors sentiment decreased to 0.62 in Q1 2018. Its down 0.82, from 1.44 in 2017Q4. It dived, as 5 investors sold Global Partners LP shares while 16 reduced holdings. 6 funds opened positions while 7 raised stakes. 13.89 million shares or 1.45% more from 13.69 million shares in 2017Q4 were reported.

Citigroup Inc owns 22,204 shares. Raymond James Financial Ser holds 23,996 shares. Raymond James Na has invested 0.01% in Global Partners LP (NYSE:GLP). 22,807 are owned by Gsa Capital Prns Limited Liability Partnership. Arrow Advisors Limited Liability Com invested 0.18% in Global Partners LP (NYSE:GLP). Acadian Asset holds 0% or 23,002 shares in its portfolio. Peak6 Invests L P has invested 0% of its portfolio in Global Partners LP (NYSE:GLP). Baldwin Brothers Ma holds 0.05% in Global Partners LP (NYSE:GLP) or 19,500 shares. Penbrook Mgmt Ltd Liability Co reported 25,233 shares or 0.39% of all its holdings. New York-based Goldman Sachs Group Inc Inc has invested 0% in Global Partners LP (NYSE:GLP). Royal Fincl Bank Of Canada holds 0% or 286,662 shares. Kayne Anderson Cap Advsr Lp owns 2.30 million shares for 0.51% of their portfolio. Bnp Paribas Arbitrage Sa accumulated 0% or 3,671 shares. Van Eck Assoc has invested 0.01% in Global Partners LP (NYSE:GLP). Regions Fincl holds 0% or 2,454 shares.

Global Partners (NYSE:GLP) Rating Reaffirmed

The company has just set a price target of $20 on Global Partners (NYSE:GLP) shares. This is 0.50 % from the current stock price. In a report published on 10 August, Stifel reiterated their Hold rating on shares of GLP.

Global Partners LP (NYSE:GLP) Ratings Coverage

Among 2 analysts covering Global Partners (NYSE:GLP), 0 have Buy rating, 0 Sell and 2 Hold. Therefore 0 are positive. Global Partners has $18 highest and $17 lowest target. $17’s average target is -14.57% below currents $19.9 stock price. Global Partners had 3 analyst reports since March 12, 2018 according to SRatingsIntel. The rating was maintained by Barclays Capital on Tuesday, April 17 with “Equal-Weight”. The rating was maintained by Barclays Capital on Monday, March 12 with “Equal-Weight”. On Tuesday, March 13 the stock rating was downgraded by Stifel Nicolaus to “Hold”.

The stock increased 2.05% or $0.4 during the last trading session, reaching $19.9. About 89,483 shares traded or 50.29% up from the average. Global Partners LP (NYSE:GLP) has declined 8.76% since August 10, 2017 and is downtrending. It has underperformed by 21.33% the S&P500.

Global Partners LP, a midstream logistics and marketing company, distributes gasoline, distillates, residual oil, and renewable fuels to wholesalers, retailers, and commercial clients in the New England states and New York. The company has market cap of $674.26 million. It operates in three divisions: Wholesale, Gasoline Distribution and Station Operations, and Commercial. It has a 7.12 P/E ratio. The Wholesale segment sells branded and unbranded gasoline and gasoline blendstocks.

More notable recent Global Partners LP (NYSE:GLP) news were published by: Bizjournals.com which released: “Mass. firms ban once-common question: ‘How much do you make?'” on July 16, 2018, also Benzinga.com with their article: “Global Partners Q2 Earnings Outlook” published on August 08, 2018, Businesswire.com published: “Global Partners Declares Increased Cash Distribution for the Second Quarter of 2018” on July 27, 2018. More interesting news about Global Partners LP (NYSE:GLP) were released by: Twst.com and their article: “Global Partners LP: Global Partners Reports Second-Quarter 2018 Financial Results” published on August 09, 2018 as well as Benzinga.com‘s news article titled: “Earnings Scheduled For August 9, 2018” with publication date: August 09, 2018.

Global Partners LP (NYSE:GLP) Institutional Positions Chart

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