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Suburban Propane Partners, L.P. (NYSE:SPH) was downgraded by analysts at Bank of America Corp. to a “neutral” rating in a research report issued to clients and investors on Friday, Stock Ratings Network reports.

Suburban Propane Partners, L.P. (NYSE:SPH) opened at 46.02 on Friday. Suburban Propane Partners, L.P. has a 1-year low of $40.16 and a 1-year high of $50.25. The stock has a 50-day moving average of $45.84 and a 200-day moving average of $46.57. The company has a market cap of $2.775 billion and a P/E ratio of 35.00.

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 last year, the company posted ($1.19) earnings per share. Suburban Propane Partners, L.P.’s revenue was up 7.7% compared to the same quarter last year. On average, analysts predict that Suburban Propane Partners, L.P. will post $2.18 earnings per share for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. 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. 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 three have assigned a hold rating to the stock. Suburban Propane Partners, L.P. has an average rating of “Hold” and an average price target 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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