Zacks Investment Research downgraded Suburban Propane Partners LP (NYSE:SPH) to Hold in a report released today.
- Updated: October 15, 2016
Yesterday Suburban Propane Partners LP (NYSE:SPH) traded 1.89% higher at $31.70. The company’s 50-day moving average is $32.97 and its 200-day moving average is $32.68. The last closing price is down 0.50% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. 207,052 shares of the stock traded hands, up from an average trading volume of 162,517
Zacks Investment Research has downgraded Suburban Propane Partners LP (NYSE:SPH) to Hold in a report released on 10/12/2016.
Previously on 10/06/2016, Zacks Investment Research reported on Suburban Propane Partners LP (NYSE:SPH) increased the target price from $0.00 to $37.00. At the time, this indicated a possible upside of 0.13%.
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Suburban Propane Partners LP has a 52 week low of $20.93 and a 52 week high of $37.10 with a P/E ratio of 285.57 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its stock price target, a total of 7 brokers have issued a report on the company. The average stock price target is $33.00 with 0 brokers rating the stock a strong buy, 0 brokers rating the stock a buy, 0 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
General Information 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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