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Suburban Propane Partners, L.P. (NYSE:SPH) was downgraded by equities research analysts at Merrill Lynch to a “neutral” rating in a research note issued to investors on Friday, Stock Ratings Network.com reports.

Suburban Propane Partners, L.P. (NYSE:SPH) traded up 0.46% on Friday, hitting $46.23. 183,337 shares of the company’s stock traded hands. Suburban Propane Partners, L.P. has a 52-week low of $40.16 and a 52-week high of $50.25. The stock’s 50-day moving average is $45.84 and its 200-day moving average is $46.57. The company has a market cap of $2.788 billion and a P/E ratio of 34.34.

Suburban Propane Partners, L.P. (NYSE:SPH) last posted its quarterly earnings results on Thursday, November 14th. The company reported ($1.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.88) by $0.17. The company had revenue of $243.67 million for the quarter, compared to the consensus estimate of $293.94 million. During the same quarter in the previous year, the company posted ($1.19) earnings per share. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. On average, analysts predict that Suburban Propane Partners, L.P. will post $2.18 earnings per share for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at Bank of America Corp. downgraded shares of Suburban Propane Partners, L.P. from a “buy” rating to a “neutral” rating in a research note to investors on Friday. Separately, analysts at Zacks upgraded shares of Suburban Propane Partners, L.P. from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, November 19th. They now have a $46.40 price target on the stock. Finally, analysts at Barclays raised their price target on shares of Suburban Propane Partners, L.P. from $42.00 to $43.00 in a research note to investors on Friday, November 15th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. Suburban Propane Partners, L.P. currently has an average rating of “Hold” and an average target price of $44.80.

Suburban Propane Partners, L.P. (NYSE:SPH) is a nationwide marketer and distributor of a range of products meeting the energy needs of its customers.

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