Global Partners stock price target lowered to $45 from $53 at Stifel

Investing.com - Stifel has lowered its price target on Global Partners, L.P. (NYSE:GLP) to $45.00 from $53.00 while maintaining a Hold rating on the stock. The new target aligns with the analyst consensus low target, while GLP currently trades at $40.68, near its 52-week low of $39.70.

The price target reduction follows Global Partners’ third-quarter 2025 results, which came in below Stifel’s estimates. Despite the disappointing quarterly performance, the firm noted several strategic developments at the company. According to InvestingPro data, GLP offers a substantial 7.42% dividend yield and trades at a P/E ratio of 16.22, though it suffers from weak gross profit margins of 6.32%.

Global Partners has expanded into the bunkering fuels market in Houston, which Stifel described as "an attractive expansion for the company." The firm also highlighted management’s indication that merger and acquisition activity in the retail sector could begin accelerating in the fourth quarter.

Stifel pointed out that Global Partners has optimized its GDSO (Gasoline Distribution and Station Operations) site portfolio, reducing its footprint by 49 sites compared to the previous year. While this reduction may lead to lower volume distribution in the GDSO segment, Stifel believes the remaining sites likely generate higher margins.

The firm also noted that Global Partners can service some of the exited sites through its Wholesale business, potentially offsetting some of the volume reduction from the site optimization strategy.

In other recent news, Global Partners LP reported its third-quarter earnings for 2025, which fell short of analyst expectations. The company announced an earnings per share (EPS) of $0.66, missing the forecasted $0.85. This represents a negative surprise of 22.35%. Additionally, Global Partners reported revenue of $4.69 billion, significantly below the anticipated $6.46 billion, marking a shortfall of 27.4%. These results highlight a notable discrepancy between actual performance and market forecasts. The earnings miss has been a point of concern for investors. Analysts and investors alike are closely monitoring the company’s performance following these results.

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