It’s been a crucial week for Global Partners LP (NYSE:GLP); here’s what analysts have to say.

March 14, 2018 - By Vivian Park

 It's been a crucial week for Global Partners LP (NYSE:GLP); here's what analysts have to say.
Investors sentiment decreased to 0.91 in Q3 2017. Its down 0.13, from 1.04 in 2017Q2. It fall, as 7 investors sold Global Partners LP shares while 15 reduced holdings. 5 funds opened positions while 15 raised stakes. 13.20 million shares or 0.07% less from 13.21 million shares in 2017Q2 were reported.
Toronto Dominion Comml Bank has 17 shares for 0% of their portfolio. Moors & Cabot Inc holds 11,388 shares. Arrow Invest Advisors Limited Liability Corp has 40,807 shares for 0.21% of their portfolio. Solaris Asset Management Limited Liability Corporation reported 10,000 shares or 0.1% of all its holdings. Northwestern Mutual Wealth Mngmt reported 62 shares. Acadian Asset Limited Liability Co reported 0% in Global Partners LP (NYSE:GLP). Commonwealth Equity Service Inc owns 16,171 shares or 0% of their US portfolio. Clearbridge Ltd Liability has 0% invested in Global Partners LP (NYSE:GLP). 30,581 are held by Citigroup. Deutsche Bancorporation Ag holds 0% of its portfolio in Global Partners LP (NYSE:GLP) for 13,200 shares. Illinois-based Advisory Research has invested 0.06% in Global Partners LP (NYSE:GLP). Kayne Anderson Cap Advsrs L P holds 0.43% or 1.93 million shares in its portfolio. 35,546 were accumulated by Albert D Mason. Moreover, Savings Bank Of Montreal Can has 0% invested in Global Partners LP (NYSE:GLP) for 25,000 shares. Bank & Trust Of Ny Mellon Corp, New York-based fund reported 20,001 shares.

Global Partners LP (NYSE:GLP) Ratings Coverage

Among 8 analysts covering Global Partners (NYSE:GLP), 1 have Buy rating, 0 Sell and 7 Hold. Therefore 13% are positive. Global Partners had 20 analyst reports since August 8, 2015 according to SRatingsIntel. The stock of Global Partners LP (NYSE:GLP) earned “Hold” rating by Stifel Nicolaus on Tuesday, March 13. Stifel Nicolaus maintained the shares of GLP in report on Thursday, September 14 with “Buy” rating. The rating was initiated by Stifel Nicolaus with “Hold” on Tuesday, February 23. As per Thursday, June 22, the company rating was maintained by Stifel Nicolaus. J.P. Morgan initiated it with “Hold” rating and $19.0 target in Tuesday, November 21 report. FBR Capital maintained the stock with “Mkt Perform” rating in Wednesday, November 11 report. The stock of Global Partners LP (NYSE:GLP) earned “Buy” rating by Stifel Nicolaus on Friday, March 10. The rating was maintained by Barclays Capital with “Equal-Weight” on Tuesday, August 16. Stifel Nicolaus maintained the stock with “Buy” rating in Tuesday, February 7 report. The rating was initiated by Janney Capital on Friday, June 23 with “Neutral”. Below is a list of Global Partners LP (NYSE:GLP) latest ratings and price target changes.

13/03/2018 Broker: Stifel Nicolaus Rating: Hold Downgrade
12/03/2018 Broker: Barclays Capital Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $19 New Target: $18 Maintain
21/11/2017 Broker: J.P. Morgan Rating: Hold New Target: $19.0 Initiate

The stock decreased 3.16% or $0.55 during the last trading session, reaching $16.85. About 125,295 shares traded or 74.66% up from the average. Global Partners LP (NYSE:GLP) has risen 51.68% since March 14, 2017 and is uptrending. It has outperformed by 34.98% 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 $570.79 million. It operates in three divisions: Wholesale, Gasoline Distribution and Station Operations, and Commercial. It has a 9.7 P/E ratio. The Wholesale segment sells branded and unbranded gasoline and gasoline blendstocks.

More recent Global Partners LP (NYSE:GLP) news were published by: which released: “Stifel Downgrades Global Partners, LP (GLP) to Hold” on March 13, 2018. Also published the news titled: “Global Partners LP’s (GLP) CEO Eric Slifka on Q4 2017 Results – Earnings Call …” on March 08, 2018.‘s news article titled: “Global Partners LP (GLP) Files 10-K for the Fiscal Year Ended on December 31, 2017” with publication date: March 10, 2018 was also an interesting one.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter: