For its fourth fiscal quarter (ending December 31), Global Partners LP (NYSE: GLP) has reported a -8% decline in E.P.S. from $1.54 a year ago to $1.42 in the current quarter. E.P.S. were $3.77 for the latest four quarters through December 31 versus $10.06 for the same period a year ago — a decline of -63%.
Recent Price Action
Global Partners LP (NYSE: GLP) stock rose slightly by 0.1% on 2/28/24. The stock closed at $45.78. However, this advance was accompanied by below average trading volume at 72% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -2.1% during the last week.
Current PriceTarget Research Rating
GLP is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Global Partners has a current Value Trend Rating of A (Highest Rating). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Global Partners has a very high Power Rating of 94 and a very high Appreciation Score of 94, leading to the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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