B.Riley FBR Keeps a Buy Rating on TravelCenters (TA)

By Jason Carr

B.Riley FBR analyst Bryan Maher maintained a Buy rating on TravelCenters (TAResearch Report) yesterday and set a price target of $34.00. The company’s shares closed last Monday at $11.08.

According to TipRanks.com, Maher is a 4-star analyst with an average return of 6.0% and a 57.8% success rate. Maher covers the Financial sector, focusing on stocks such as Industrial Logistics Properties, Senior Housing Properties, and Braemar Hotels & Resorts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for TravelCenters with a $34.00 average price target.

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Based on TravelCenters’ latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $1.13 million. In comparison, last year the company had a GAAP net loss of $11.83 million.

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TravelCenters of America, Inc. engages in the operation and franchise of travel centers and convenience stores. It products and services include diesel fuel and gasoline, truck repair and maintenance services, full service restaurants, quick serve restaurants, travel and convenience stores, and various driver amenities.