Arko (NASDAQ:ARKO) Stock Rating Upgraded by Wall Street Zen

Arko (NASDAQ:ARKO) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Saturday.

Several other brokerages have also recently issued reports on ARKO. Stifel Nicolaus cut shares of Arko from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $8.50 to $7.50 in a research note on Thursday, February 27th. Capital One Financial assumed coverage on shares of Arko in a report on Thursday, May 8th. They set an “overweight” rating and a $8.00 target price for the company. BMO Capital Markets upped their price target on Arko from $4.50 to $5.00 and gave the company a “market perform” rating in a report on Monday, May 12th. Finally, Raymond James cut their price objective on Arko from $11.00 to $10.00 and set a “strong-buy” rating for the company in a research report on Friday, May 9th. Four research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $7.35.

Arko Stock Down 0.7%

ARKO opened at $4.36 on Friday. The company has a debt-to-equity ratio of 3.86, a quick ratio of 1.13 and a current ratio of 1.63. The company has a market capitalization of $500.00 million, a PE ratio of 27.25 and a beta of 0.74. The stock’s fifty day moving average is $4.33 and its 200-day moving average is $5.55. Arko has a one year low of $3.51 and a one year high of $7.84.

Arko (NASDAQ:ARKO) last released its earnings results on Thursday, May 8th. The company reported ($0.12) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.05. Arko had a return on equity of 8.88% and a net margin of 0.27%. The firm had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.85 billion. On average, equities analysts predict that Arko will post 0.2 EPS for the current fiscal year.

Institutional Investors Weigh In On Arko

Large investors have recently made changes to their positions in the company. Voss Capital LP purchased a new stake in shares of Arko in the 1st quarter valued at approximately $9,547,000. Cannell Capital LLC raised its stake in Arko by 55.8% during the 4th quarter. Cannell Capital LLC now owns 2,710,772 shares of the company’s stock valued at $17,864,000 after purchasing an additional 971,158 shares during the period. JPMorgan Chase & Co. raised its stake in Arko by 166.6% during the 4th quarter. JPMorgan Chase & Co. now owns 639,070 shares of the company’s stock valued at $4,211,000 after purchasing an additional 399,387 shares during the period. Empowered Funds LLC purchased a new stake in shares of Arko in the first quarter valued at $1,335,000. Finally, Nuveen LLC acquired a new stake in shares of Arko in the first quarter worth $1,284,000. Institutional investors and hedge funds own 78.29% of the company’s stock.

Arko Company Profile

Arko Corp. operates convenience stores in the United States. It operates through Retail, Wholesale, Fleet Fueling, and GPMP segments. The Retail segment engages in the sale of fuel and merchandise to retail consumers. Its Wholesale segment supplies fuel to third-party dealers and consignment agents. The Fleet Fueling segment supplies fuel to proprietary and third-party cardlock, and issuance of proprietary fuel cards.