Global Partners LP (NYSE: GLP) has reported a loss for its first fiscal quarter (ending March 31) of $-0.37 versus $0.70 for the same period a year ago — a decline of -153%. E.P.S. were $2.70 for the latest four quarters through March 31 versus $9.99 for the same period a year ago — a decline of -73%.
Recent Price Action
On 5/8/24, Global Partners LP (NYSE: GLP) stock suffered a large decline of -6.5%, closing at $45.22. Moreover, trading volume in this decline was exceptionally high at 264% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -3.6% 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 B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Global Partners has a slightly negative Appreciation Score of 40 but a very high Power Rating of 89, leading to the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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