Arko (NASDAQ:ARKO) Given New $5.00 Price Target at BMO Capital Markets

Arko (NASDAQ:ARKO - Get Free Report) had its price target lifted by BMO Capital Markets from $4.50 to $5.00 in a research report issued on Monday,Benzinga reports. The firm currently has a "market perform" rating on the stock. BMO Capital Markets' target price would indicate a potential downside of 3.85% from the company's current price.

Other equities research analysts have also issued research reports about the stock. Raymond James cut their target price on shares of Arko from $11.00 to $10.00 and set a "strong-buy" rating on the stock in a research note on Friday, May 9th. Capital One Financial started coverage on shares of Arko in a research note on Thursday, May 8th. They set an "overweight" rating and a $8.00 target price on the stock. Finally, Stifel Nicolaus lowered shares of Arko from a "buy" rating to a "hold" rating and cut their target price for the company from $8.50 to $7.50 in a research note on Thursday, February 27th. Three research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $7.35.

Arko Trading Down 1.7%

Arko stock traded down $0.09 during trading hours on Monday, reaching $5.20. The stock had a trading volume of 1,037,581 shares, compared to its average volume of 476,993. The stock has a market cap of $596.34 million, a PE ratio of 32.50 and a beta of 0.72. Arko has a 52 week low of $3.51 and a 52 week high of $7.84. The company has a debt-to-equity ratio of 3.86, a current ratio of 1.63 and a quick ratio of 1.13. The company has a fifty day simple moving average of $4.18 and a 200-day simple moving average of $5.79.

Arko (NASDAQ:ARKO - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported ($0.12) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.17) by $0.05. The business had revenue of $1.83 billion for the quarter, compared to analyst estimates of $1.85 billion. Arko had a net margin of 0.27% and a return on equity of 8.88%. Analysts forecast that Arko will post 0.2 EPS for the current fiscal year.

Institutional Investors Weigh In On Arko

Several hedge funds have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Arko by 3.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 45,810 shares of the company's stock worth $302,000 after acquiring an additional 1,572 shares in the last quarter. Neuberger Berman Group LLC boosted its stake in Arko by 4.7% during the first quarter. Neuberger Berman Group LLC now owns 48,010 shares of the company's stock worth $190,000 after acquiring an additional 2,136 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Arko by 0.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 748,109 shares of the company's stock worth $2,955,000 after acquiring an additional 3,972 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in Arko by 90.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 9,742 shares of the company's stock worth $64,000 after acquiring an additional 4,639 shares in the last quarter. Finally, Teton Advisors Inc. boosted its stake in Arko by 5.0% during the fourth quarter. Teton Advisors Inc. now owns 105,000 shares of the company's stock worth $692,000 after acquiring an additional 5,000 shares in the last quarter. Institutional investors own 78.29% of the company's stock.

Arko Company Profile

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.