Stock Rating Downgrade
The Value Trend Rating for Global Partners LP (NYSE: GLP) weakened in the last week from C to D reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
Global Partners LP (NYSE: GLP) stock closed at $43.39 on 9/10/24 after an increase of 1.0%. Moreover, unusually high trading volume at 176% of normal accompanied the advance. The stock has declined -3.7% during the last week and has performed in line with the market over the last nine months.
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 D (Negative). 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 48 and a slightly negative Power Rating of 38, leading to the Negative Value Trend Rating.
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