Global Partners LP (NYSE: GLP) has reported earnings for its third fiscal quarter (ending September 30) of $1.18 versus $0.60 for the same period a year ago — an increase of 97%. For the latest four quarters through September 30, E.P.S. were $3.34 versus $3.89 for the same period a year ago — a decline of -14%.
Recent Price Action
Global Partners LP (NYSE: GLP) stock increased 1.4% on 11/8/24. The shares closed at $48.64. Moreover, trading volume in this advance was unusually high at 159% of normal. The stock has risen 3.9% 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). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Global Partners has a neutral Appreciation Score of 47 and a slightly negative Power Rating of 39, with the Negative Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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