Analysts Set ARKO Corp. (NASDAQ:ARKO) PT at $7.35

ARKO Corp. (NASDAQ:ARKO - Get Free Report) has received an average rating of "Moderate Buy" from the five ratings firms that are presently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $7.35.

A number of equities analysts have commented on the stock. Wall Street Zen lowered shares of ARKO from a "hold" rating to a "sell" rating in a report on Friday, July 18th. Raymond James Financial cut their price objective on shares of ARKO from $11.00 to $10.00 and set a "strong-buy" rating on the stock in a report on Friday, May 9th. BMO Capital Markets boosted their price objective on shares of ARKO from $4.50 to $5.00 and gave the stock a "market perform" rating in a report on Monday, May 12th. Finally, Capital One Financial assumed coverage on shares of ARKO in a report on Thursday, May 8th. They set an "overweight" rating and a $8.00 price objective for the company.

ARKO Trading Up 2.0%

Shares of ARKO traded up $0.09 during mid-day trading on Friday, reaching $4.61. The company had a trading volume of 310,142 shares, compared to its average volume of 481,526. The stock has a market cap of $528.67 million, a price-to-earnings ratio of 153.67 and a beta of 0.73. The firm has a fifty day simple moving average of $4.52 and a 200-day simple moving average of $5.01. ARKO has a fifty-two week low of $3.51 and a fifty-two week high of $7.84. The company has a current ratio of 1.55, a quick ratio of 1.08 and a debt-to-equity ratio of 4.21.

ARKO (NASDAQ:ARKO - Get Free Report) last issued its earnings results on Thursday, May 8th. The company reported ($0.12) EPS for the quarter, beating analysts' consensus estimates of ($0.17) by $0.05. ARKO had a net margin of 0.10% and a return on equity of 3.23%. The business had revenue of $1.83 billion for the quarter, compared to the consensus estimate of $1.85 billion. On average, sell-side analysts anticipate that ARKO will post 0.2 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Victory Capital Management Inc. purchased a new stake in shares of ARKO in the 4th quarter valued at approximately $66,000. Raymond James Financial Inc. purchased a new stake in shares of ARKO in the 4th quarter valued at approximately $368,000. Intech Investment Management LLC lifted its position in shares of ARKO by 114.7% in the 4th quarter. Intech Investment Management LLC now owns 30,073 shares of the company's stock valued at $198,000 after acquiring an additional 16,069 shares in the last quarter. American Century Companies Inc. lifted its position in shares of ARKO by 12.2% in the 4th quarter. American Century Companies Inc. now owns 146,511 shares of the company's stock valued at $966,000 after acquiring an additional 15,899 shares in the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of ARKO in the 4th quarter valued at approximately $66,000. 78.29% of the stock is currently owned by institutional investors.

About ARKO

Arko Corp. operates convenience stores in the United States. It operates through Retail, Wholesale, Fleet Fueling, and GPMP segments. The Retail segment engages in the sale of fuel and merchandise to retail consumers. Its Wholesale segment supplies fuel to third-party dealers and consignment agents. The Fleet Fueling segment supplies fuel to proprietary and third-party cardlock, and issuance of proprietary fuel cards.