Stock Rating Downgrade
In recent days the Value Trend Rating for Global Partners LP (NYSE: GLP) weakened from B to C reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
On 7/29/24, Global Partners LP (NYSE: GLP) stock declined by -3.0%, closing at $39.30. However, exceptionally low trading volume at 45% of normal accompanied the decline. Relative to the market the stock has been strong over the last nine months but has declined -1.9% during the last week.
Current PriceTarget Research Rating
GLP is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Global Partners has a current Value Trend Rating of C (High Neutral). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Global Partners has a neutral Appreciation Score of 51 and a slightly positive Power Rating of 68, and the High Neutral Value Trend Rating results.
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