Global Partners LP (GLP) Forms $16.90 Double Bottom; iStar Inc. (STAR) Had 1 Bulls

February 10, 2018 - By Shannon Black

Global Partners LP (GLP) formed double bottom with $15.72 target or 7.00% below today’s $16.90 share price. Global Partners LP (GLP) has $572.48 million valuation. The stock decreased 0.59% or $0.1 during the last trading session, reaching $16.9. About 93,515 shares traded or 51.74% up from the average. Global Partners LP (NYSE:GLP) has risen 51.68% since February 10, 2017 and is uptrending. It has outperformed by 34.98% the S&P500.

Among 3 analysts covering iStar Financial (NYSE:STAR), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. iStar Financial had 5 analyst reports since September 22, 2015 according to SRatingsIntel. The rating was maintained by Keefe Bruyette & Woods on Wednesday, June 7 with “Hold”. Keefe Bruyette & Woods maintained it with “Hold” rating and $1400 target in Thursday, July 20 report. The stock of iStar Inc. (NYSE:STAR) has “Buy” rating given on Tuesday, September 22 by BTIG Research. The company was initiated on Wednesday, April 5 by JMP Securities. The stock has “Hold” rating by Keefe Bruyette & Woods on Tuesday, October 10. See iStar Inc. (NYSE:STAR) latest ratings:

10/10/2017 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $14.0 Maintain

Investors sentiment decreased to 0.91 in Q3 2017. Its down 0.13, from 1.04 in 2017Q2. It dropped, 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. Royal Bancorporation Of Canada stated it has 0% of its portfolio in Global Partners LP (NYSE:GLP). Plante Moran Financial Llc reported 0.01% stake. 10,000 are held by Solaris Asset Mgmt Lc. Acadian Asset Mngmt Limited Liability has 0% invested in Global Partners LP (NYSE:GLP). 1.93M were reported by Kayne Anderson Cap Advsr Limited Partnership. Morgan Stanley holds 3.48M shares or 0.02% of its portfolio. Arrow Invest Advsrs Limited owns 40,807 shares or 0.21% of their US portfolio. Huntington National Bank & Trust invested in 0% or 1,000 shares. Moreover, Jpmorgan Chase & has 0% invested in Global Partners LP (NYSE:GLP). Wells Fargo & Co Mn accumulated 18,272 shares. Hite Hedge Asset holds 3.02% or 671,242 shares. Winslow Evans And Crocker holds 42,284 shares. Moreover, Raymond James & Associate has 0% invested in Global Partners LP (NYSE:GLP). Alphamark Advisors accumulated 0% or 200 shares. 24,907 were accumulated by Raymond James Financial Advsr Inc.

Among 8 analysts covering Global Partners (NYSE:GLP), 2 have Buy rating, 0 Sell and 6 Hold. Therefore 25% are positive. Global Partners has $43.0 highest and $16 lowest target. $23.29’s average target is 37.81% above currents $16.9 stock price. Global Partners had 18 analyst reports since August 8, 2015 according to SRatingsIntel. RBC Capital Markets maintained it with “Outperform” rating and $43.0 target in Friday, September 4 report. Stifel Nicolaus maintained the shares of GLP in report on Thursday, July 27 with “Buy” rating. The company was downgraded on Saturday, August 8 by TheStreet. J.P. Morgan initiated the stock with “Hold” rating in Tuesday, November 21 report. Stifel Nicolaus maintained it with “Buy” rating and $20.0 target in Thursday, September 14 report. The rating was maintained by Barclays Capital with “Equal-Weight” on Tuesday, August 16. The firm earned “Buy” rating on Wednesday, August 9 by Stifel Nicolaus. FBR Capital maintained the shares of GLP in report on Wednesday, November 11 with “Mkt Perform” rating. The rating was maintained by Stifel Nicolaus with “Buy” on Thursday, June 22. Janney Capital initiated the shares of GLP in report on Friday, June 23 with “Neutral” rating.

Analysts await Global Partners LP (NYSE:GLP) to report earnings on March, 8. They expect $0.13 EPS, up 134.21% or $0.51 from last year’s $-0.38 per share. GLP’s profit will be $4.40M for 32.50 P/E if the $0.13 EPS becomes a reality. After $0.44 actual EPS reported by Global Partners LP for the previous quarter, Wall Street now forecasts -70.45% negative EPS growth.

iStar Inc. finances, invests in, and develops real estate and real estate related projects in the United States. The company has market cap of $679.27 million. It operates through four divisions: Real Estate Finance, Net Lease, Operating Properties, and Land and Development. It has a 7.84 P/E ratio. The Real Estate Finance segment offers senior and mezzanine real estate loans; preferred equity investments, and senior and subordinated loans to business entities; and whole loans and loan participations.