TransMontaigne Partners L.P. (NYSE:TLP) has received a consensus rating of “Hold” from the eight brokerages that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $49.00.
Several brokerages have recently weighed in on TLP. Zacks Investment Research upgraded TransMontaigne Partners from a “sell” rating to a “hold” rating in a research report on Saturday, February 10th. B. Riley set a $45.00 price target on TransMontaigne Partners and gave the company a “neutral” rating in a research report on Monday, December 18th. Wells Fargo & Co began coverage on TransMontaigne Partners in a research report on Thursday, November 30th. They set a “market perform” rating and a $44.00 price target on the stock. Finally, UBS Group upped their price target on TransMontaigne Partners from $52.00 to $53.00 and gave the company a “buy” rating in a research report on Thursday, November 9th.
Shares of TransMontaigne Partners (TLP) traded down $0.02 on Friday, hitting $38.63. The stock had a trading volume of 6,597 shares, compared to its average volume of 36,085. TransMontaigne Partners has a 12-month low of $37.30 and a 12-month high of $49.31. The company has a market capitalization of $625.26, a PE ratio of 15.84 and a beta of 0.14. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.85 and a current ratio of 0.85.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 8th. Investors of record on Wednesday, January 31st were given a $0.77 dividend. This represents a $3.08 annualized dividend and a dividend yield of 7.97%. This is a boost from TransMontaigne Partners’s previous quarterly dividend of $0.76. The ex-dividend date of this dividend was Tuesday, January 30th. TransMontaigne Partners’s dividend payout ratio is 126.23%.
Hedge funds have recently bought and sold shares of the stock. Two Sigma Securities LLC bought a new position in shares of TransMontaigne Partners in the fourth quarter worth approximately $220,000. GSA Capital Partners LLP bought a new position in shares of TransMontaigne Partners in the second quarter worth approximately $244,000. Icon Wealth Partners LLC bought a new position in shares of TransMontaigne Partners in the fourth quarter worth approximately $345,000. Stifel Financial Corp increased its position in shares of TransMontaigne Partners by 0.9% in the second quarter. Stifel Financial Corp now owns 18,676 shares of the pipeline company’s stock worth $781,000 after purchasing an additional 158 shares during the last quarter. Finally, Searle & CO. increased its position in shares of TransMontaigne Partners by 7.6% in the fourth quarter. Searle & CO. now owns 19,855 shares of the pipeline company’s stock worth $783,000 after purchasing an additional 1,400 shares during the last quarter. Institutional investors own 61.86% of the company’s stock.
TransMontaigne Partners Company Profile
TransMontaigne Partners L.P. is a terminaling and transportation company with operations in the United States along the Gulf Coast, in the Midwest, in Houston and Brownsville, Texas, along the Mississippi and Ohio Rivers, and in the Southeast. The Company operates its business in five principal business segments: Gulf Coast terminals, Midwest terminals and pipeline system, Brownsville terminals, River terminals and Southeast terminals.
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