#6 - TravelCenters of America (NASDAQ:TA)
If we’re going to be hitting the road this summer, we’ll need places to refuel and get our snacks. It’s a simple narrative, but frequently a simple investing strategy is best. That’s why we recommend opportunistic investors look at TravelCenters of America (NASDAQ:TA) which is celebrating its 50th anniversary in 2022.
However, if you need a more substantial reason to invest in TA stock, consider this. The company plans to refresh one-third of its stores in 2022 (over 100 sites). This will be the second consecutive year the company is investing in its own growth which includes continued investment in clean energy initiatives such as charging stations and diesel exhaust fluid (DEF) availability. The company is also continuing its plans to provide hydrogen fueling for heavy-duty trucks in partnership with Nikola (NASDAQ:NKLA).
Analysts project the stock will climb over 46% from its current price. And that could go higher after the company reports earnings in February. Investors should also look at the fundamentals of the company which shows that the company looks undervalued at its current price.
About TravelCenters of America
TravelCenters of America Inc operates travel centers, truck service facilities, and restaurants in the United States and Canada. The company's travel centers offer various products and services, including diesel fuel and gasoline, as well as nonfuel products and services, such as a range of truck repair and maintenance services, diesel exhaust fluids, full service restaurants, quick service restaurants, and various customer amenities.
Read More - Current Price
- $86.00
- Consensus Rating
- N/A
- Ratings Breakdown
- 0 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- N/A
