Global Partners LP [GLP] stock is trading at $56.69, up 6.76%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The GLP shares have gain 9.72% over the last week, with a monthly amount glided 17.86%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Global Partners LP [NYSE: GLP] stock has seen the most recent analyst activity on November 08, 2022, when Stifel upgraded its rating to a Buy and also boosted its price target to $35 from $28. Previously, Barclays downgraded its rating to Underweight on August 09, 2021, and kept the price target unchanged to $21. On March 24, 2020, upgrade upgraded it’s rating to Equal Weight but maintained its price target of $12 on the stock. JP Morgan downgraded its rating to a Underweight but stick to its price target of $21 on January 29, 2020. Wells Fargo downgraded its rating to a Underweight but $20 remained the price target by the analyst firm on January 07, 2020. Barclays downgraded its rating to Underweight for this stock on April 16, 2019, and downed its price target to $18. In a note dated August 10, 2018, Stifel reiterated an Hold rating on this stock and boosted its target price from $17 to $20.
Global Partners LP [GLP] stock has fluctuated between $37.00 and $58.76 over the past year. Currently, Wall Street analysts expect the stock to reach $35 within the next 12 months. Global Partners LP [NYSE: GLP] shares were valued at $56.69 at the most recent close of the market. An investor can expect a potential drop of -38.26% based on the average GLP price forecast.
Analyzing the GLP fundamentals
Global Partners LP [NYSE:GLP] reported sales of 17.39B for the trailing twelve months, which represents a growth of 4.77%. Gross Profit Margin for this corporation currently stands at 0.03% with Operating Profit Margin at 0.01%, Pretax Profit Margin comes in at 0.01%, and Net Profit Margin reading is 0.01%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.18 and Total Capital is 0.1. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.81.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 52.83 points at the first support level, and at 48.97 for the second support level. However, for the 1st resistance point, the stock is sitting at 58.62, and for the 2nd resistance point, it is at 60.55.
Ratios To Look Out For
For context, Global Partners LP’s Current Ratio is 1.14. As well, the Quick Ratio is 0.64, while the Cash Ratio is 0.02. Considering the valuation of this stock, the price to sales ratio is 0.11, the price to book ratio is 2.95 and price to earnings (TTM) ratio is 17.14.
Transactions by insiders
Recent insider trading involved Global GP LLC, General Partner, that happened on Dec 24 ’24 when 3000.0 shares were purchased. General Partner, Global GP LLC completed a deal on Dec 23 ’24 to buy 3000.0 shares. Meanwhile, General Partner Global GP LLC bought 3000.0 shares on Dec 20 ’24.
