A statement released earlier today by Zacks Investment Research about Suburban Propane Partners LP (NYSE:SPH) bumps the target price to $37.00
- Updated: October 5, 2016
Boasting a price of $32.62, Suburban Propane Partners LP (NYSE:SPH) traded -0.31% lower on the day. With the last stock price close up 0.08% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Suburban Propane Partners LP has recorded a 50-day average of $33.32 and a two hundred day average of $32.59. Volume of trade was down over the average, with 126,774 shares of SPH changing hands under the typical 159,812
Zacks Investment Research bumped up the target of Suburban Propane Partners LP (NYSE:SPH) to $37.00 stating a potential upside of 0.13%.
With a total market value of $0, Suburban Propane Partners LP has price-earnings ratio of 283.65 with a one year low of $20.93 and a one year high of $37.10 .
A total of 7 equity analysts have released a ratings update on SPH. zero equity analysts rating the company a strong buy, zero equity analysts rating the company a buy, zero equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $33.00.
Brief Synopsis About Suburban Propane Partners LP (NYSE:SPH)
Suburban Propane Partners, L.P. (the Partnership) is a marketer and distributor of a range of products meeting the energy needs of the customers. The Company is specialized in the distribution of propane, fuel oil and refined fuels, as well as the marketing of natural gas and electricity in deregulated markets. The Company conducts its business through Suburban Propane, L.P., which operates its propane business and assets (the Operating Partnership), and its direct and indirect subsidiaries. Its general partner, and the general partner of its Operating Partnership, is Suburban Energy Services Group LLC (the General Partner). Subsidiaries of the Operating Partnership include Suburban Sales and Service, Inc. (the Service Company), which conducts a portion of the Partnership's service work and appliance and parts businesses. It operates in three segments: Propane, Fuel Oil and Refined Fuels, and Natural Gas and Electricity.
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