UBS Maintains a 'Neutral' on TravelCenters of America (TA); Growth From Both Segments
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Price: $86.00 --0%
Rating Summary:
5 Buy, 5 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 13 | New: 18
Rating Summary:
5 Buy, 5 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 13 | New: 18
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UBS maintains a 'Neutral' on TravelCenters of America (NYSE: TA) price target raised from $5.00 to $6.75.
UBS analyst said, "Although 4Q is typically a seasonally soft quarter for TA, the solid EPS beat was driven by sales growth from both the fuel and nonfuel segments and a reduction in rent (-17% YoY) and interest expenses (-68% YoY) related to the HPT lease amendment from January 2011. TA attributed the strong quarter directly to improvements in the trucking industry but remained cautious on the strength and sustainability of the U.S. recovery."
UBS raises FY12 EPS estimate from $0.87 to $1.11 and FY12 from $1.48 to $1.72.
For an analyst ratings summary and ratings history on TravelCenters of America click here. For more ratings news on TravelCenters of America click here.
Shares of TravelCenters of America closed at $6.47 yesterday.
UBS analyst said, "Although 4Q is typically a seasonally soft quarter for TA, the solid EPS beat was driven by sales growth from both the fuel and nonfuel segments and a reduction in rent (-17% YoY) and interest expenses (-68% YoY) related to the HPT lease amendment from January 2011. TA attributed the strong quarter directly to improvements in the trucking industry but remained cautious on the strength and sustainability of the U.S. recovery."
UBS raises FY12 EPS estimate from $0.87 to $1.11 and FY12 from $1.48 to $1.72.
For an analyst ratings summary and ratings history on TravelCenters of America click here. For more ratings news on TravelCenters of America click here.
Shares of TravelCenters of America closed at $6.47 yesterday.
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