Global Partners LP (NYSE: GLP) has reported E.P.S. of $1.11 for its second fiscal quarter (ending June 30) versus $1.05 for the same period a year ago — an increase of 6%. For the latest four quarters through June 30, E.P.S. were $2.76 compared to $6.41 a year ago — a decline of -57%.
Recent Price Action
Global Partners LP (NYSE: GLP) stock closed at $39.19 on 8/7/24 after a slight decline of -0.8%. Moreover, unusually high trading volume at 181% of normal accompanied the decline. The stock has been strong relative to the market 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 (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 48 and a slightly positive Power Rating of 63, and the Neutral Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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