How Analysts Rated Global Partners LP (NYSE:GLP) Last Week?

May 29, 2018 - By Marie Mckinney

Global Partners LP (NYSE:GLP) LogoInvestors sentiment decreased to 0.62 in 2018 Q1. Its down 0.82, from 1.44 in 2017Q4. It worsened, as 5 investors sold Global Partners LP shares while 16 reduced holdings. 6 funds opened positions while 7 raised stakes. 13.89 million shares or 1.45% more from 13.69 million shares in 2017Q4 were reported.
Van Eck Assoc has 0.01% invested in Global Partners LP (NYSE:GLP) for 170,240 shares. Bancshares Of America De reported 211,434 shares. United Kingdom-based Gsa Prtnrs Limited Liability Partnership has invested 0.02% in Global Partners LP (NYSE:GLP). Huntington Bank invested in 1,000 shares or 0% of the stock. 286,662 are held by Royal Bank Of Canada. Spirit Of America Management has 0.24% invested in Global Partners LP (NYSE:GLP). Northwestern Mutual Wealth Management holds 0% or 62 shares. Raymond James Service Advsr Inc invested in 23,996 shares or 0% of the stock. Acadian Asset Mngmt Ltd Liability Co accumulated 23,002 shares. Cutler Mngmt Ltd Liability stated it has 0.09% of its portfolio in Global Partners LP (NYSE:GLP). 80,741 were accumulated by Metropolitan Life Ins Ny. Wells Fargo And Mn has invested 0% in Global Partners LP (NYSE:GLP). Goldman Sachs Gp stated it has 0% in Global Partners LP (NYSE:GLP). Bank Of Ny Mellon Corporation holds 22,110 shares or 0% of its portfolio. 10,868 were accumulated by Raymond James Associates.

Global Partners LP (NYSE:GLP) Ratings Coverage

Among 2 analysts covering Global Partners (NYSE:GLP), 0 have Buy rating, 0 Sell and 2 Hold. Therefore 0 are positive. Global Partners had 3 analyst reports since March 12, 2018 according to SRatingsIntel. Barclays Capital maintained the stock with “Equal-Weight” rating in Monday, March 12 report. The rating was maintained by Barclays Capital on Tuesday, April 17 with “Equal-Weight”. The firm has “Hold” rating by Stifel Nicolaus given on Tuesday, March 13. Below is a list of Global Partners LP (NYSE:GLP) latest ratings and price target changes.

17/04/2018 Broker: Barclays Capital Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $18 New Target: $17 Maintain
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

The stock decreased 0.71% or $0.12 during the last trading session, reaching $17.58. About 3,336 shares traded. Global Partners LP (NYSE:GLP) has declined 8.76% since May 29, 2017 and is downtrending. It has underperformed by 21.33% 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 $595.49 million. It operates in three divisions: Wholesale, Gasoline Distribution and Station Operations, and Commercial. It has a 10.12 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: Streetinsider.com which released: “Global Partners (GLP) Reports Acquisition of Retail Fuel and Jiffy Mart Convenience Store Assets in Vermont & New …” on May 17, 2018. Also Benzinga.com published the news titled: “Earnings Scheduled For May 9, 2018” on May 09, 2018. Businesswire.com‘s news article titled: “Global Partners to Acquire Retail Fuel and Jiffy Mart Convenience Store Assets in Vermont and New Hampshire from …” with publication date: May 17, 2018 was also an interesting one.

Global Partners LP (NYSE:GLP) Institutional Positions Chart

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