Were Analysts Bullish Global Partners LP (NYSE:GLP) This Week?

March 14, 2018 - By Marie Mckinney

 Were Analysts Bullish Global Partners LP (NYSE:GLP) This Week?
Investors sentiment decreased to 0.91 in 2017 Q3. Its down 0.13, from 1.04 in 2017Q2. It is negative, as 7 investors sold Global Partners LP shares while 15 reduced holdings. 5 funds opened positions while 15 raised stakes. 13.20 million shares or 0.07% less from 13.21 million shares in 2017Q2 were reported.
Cutler Capital Management Limited Liability holds 0.11% or 14,100 shares in its portfolio. Baldwin Brothers Inc Ma holds 0.05% in Global Partners LP (NYSE:GLP) or 19,500 shares. 2,046 were reported by Manufacturers Life Insurance The. Acadian Asset Management Ltd Com accumulated 11,408 shares. Metropolitan Life Insurance New York reported 0.01% stake. North Carolina-based Bancorporation Of America Corp De has invested 0% in Global Partners LP (NYSE:GLP). Huntington National Bank accumulated 0% or 1,000 shares. Citigroup owns 30,581 shares. Van Eck Associates holds 0.01% or 122,321 shares. California Pub Employees Retirement invested in 0% or 146,900 shares. Us National Bank De holds 355 shares. Barclays Public Ltd has invested 0% in Global Partners LP (NYSE:GLP). New York-based Solaris Asset Management Ltd Liability Co has invested 0.1% in Global Partners LP (NYSE:GLP). Plante Moran Finance Advsr Llc reported 0.01% stake. Deutsche Bankshares Ag has invested 0% in Global Partners LP (NYSE:GLP).

Global Partners LP (NYSE:GLP) Ratings Coverage

Among 8 analysts covering Global Partners (NYSE:GLP), 1 have Buy rating, 0 Sell and 7 Hold. Therefore 13% are positive. Global Partners had 20 analyst reports since August 8, 2015 according to SRatingsIntel. Stifel Nicolaus maintained it with “Buy” rating and $25 target in Tuesday, February 7 report. The firm has “Equal-Weight” rating by Barclays Capital given on Tuesday, August 16. The firm earned “Buy” rating on Friday, March 10 by Stifel Nicolaus. The firm earned “Outperform” rating on Friday, September 4 by RBC Capital Markets. The firm earned “Equal-Weight” rating on Monday, March 12 by Barclays Capital. The firm has “Buy” rating by Stifel Nicolaus given on Thursday, September 14. FBR Capital maintained it with “Mkt Perform” rating and $33 target in Wednesday, November 11 report. On Friday, January 29 the stock rating was downgraded by Mitsubishi UFJ to “Neutral”. The stock has “Hold” rating by Stifel Nicolaus on Tuesday, February 23. The stock has “Hold” rating by J.P. Morgan on Tuesday, November 21. Below is a list of Global Partners LP (NYSE:GLP) latest ratings and price target changes.

13/03/2018 Broker: Stifel Nicolaus Rating: Hold Downgrade
12/03/2018 Broker: Barclays Capital Old Rating: Equal-Weight New Rating: Equal-Weight Old Target: $19 New Target: $18 Maintain
21/11/2017 Broker: J.P. Morgan Rating: Hold New Target: $19.0 Initiate

The stock decreased 3.16% or $0.55 during the last trading session, reaching $16.85. About 125,295 shares traded or 74.66% up from the average. Global Partners LP (NYSE:GLP) has risen 51.68% since March 14, 2017 and is uptrending. It has outperformed by 34.98% the S&P500.

Global Partners LP, a midstream logistics and marketing company, distributes gasoline, distillates, residual oil, and renewable fuels to wholesalers, retailers, and commercial clients in the New England states and New York. The company has market cap of $570.79 million. It operates in three divisions: Wholesale, Gasoline Distribution and Station Operations, and Commercial. It has a 9.7 P/E ratio. The Wholesale segment sells branded and unbranded gasoline and gasoline blendstocks.

More recent Global Partners LP (NYSE:GLP) news were published by: Streetinsider.com which released: “Stifel Downgrades Global Partners, LP (GLP) to Hold” on March 13, 2018. Also Gurufocus.com published the news titled: “Global Partners LP (GLP) Files 10-K for the Fiscal Year Ended on December 31, 2017” on March 10, 2018. Seekingalpha.com‘s news article titled: “Global Partners LP’s (GLP) CEO Eric Slifka on Q4 2017 Results – Earnings Call …” with publication date: March 08, 2018 was also an interesting one.

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