Share on StockTwits
 

Analysts at Credit Suisse raised their target price on shares of Suburban Propane Partners, L.P. (NYSE:SPH) from $45.00 to $46.00 in a research report issued to clients and investors on Friday, Stock Ratings Network reports. Credit Suisse’s target price points to a potential upside of 3.98% from the company’s current price.

A number of other firms have also recently commented on SPH. Analysts at Zacks downgraded shares of Suburban Propane Partners, L.P. from a “neutral” rating to an “underperform” rating in a research note to investors on Wednesday, January 15th. They now have a $44.10 price target on the stock. Separately, analysts at Goldman Sachs Group Inc. downgraded shares of Suburban Propane Partners, L.P. from a “neutral” rating to a “sell” rating in a research note to investors on Wednesday, January 15th. They now have a $45.00 price target on the stock, down previously from $48.00. Finally, analysts at Bank of America Corp. downgraded shares of Suburban Propane Partners, L.P. to a “neutral” rating in a research note to investors on Friday, January 3rd. Two research analysts have rated the stock with a sell rating and two have given a hold rating to the company. Suburban Propane Partners, L.P. has an average rating of “Hold” and an average target price of $44.53.

Suburban Propane Partners, L.P. (NYSE:SPH) traded up 0.89% during mid-day trading on Friday, hitting $44.24. The stock had a trading volume of 140,102 shares. Suburban Propane Partners, L.P. has a 52-week low of $41.01 and a 52-week high of $50.25. The stock’s 50-day moving average is $45.44 and its 200-day moving average is $46.20. The company has a market cap of $2.668 billion and a price-to-earnings ratio of 32.72.

Suburban Propane Partners, L.P. (NYSE:SPH) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.97 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.22 by $0.25. The company had revenue of $526.10 million for the quarter, compared to the consensus estimate of $585.17 million. During the same quarter last year, the company posted $1.05 earnings per share. Suburban Propane Partners, L.P.’s revenue was up 7.2% compared to the same quarter last year. On average, analysts predict that Suburban Propane Partners, L.P. will post $2.11 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Tuesday, February 11th. Stockholders of record on Tuesday, February 4th will be given a dividend of 0.875 per share. This represents a $3.50 dividend on an annualized basis and a yield of 7.91%. The ex-dividend date of this dividend is Friday, January 31st.

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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.