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Suburban Propane Partners, L.P. (NYSE:SPH) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research report issued on Thursday, Analyst Ratings News reports. The firm currently has a $46.00 price objective on the stock. Zacks‘ price objective indicates a potential upside of 2.51% from the company’s current price.

A number of other analysts have also recently weighed in on SPH. Analysts at Credit Suisse raised their price target on shares of Suburban Propane Partners, L.P. from $45.00 to $46.00 in a research note on Friday, February 7th. Separately, analysts at Goldman Sachs downgraded shares of Suburban Propane Partners, L.P. from a “neutral” rating to a “sell” rating in a research note 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 downgraded shares of Suburban Propane Partners, L.P. to a “neutral” rating in a research note on Friday, January 3rd. One equities research analyst has rated the stock with a sell rating and three have issued a hold rating to the stock. Suburban Propane Partners, L.P. presently has a consensus rating of “Hold” and an average price target of $45.00.

Shares of Suburban Propane Partners, L.P. (NYSE:SPH) traded down 0.31% during mid-day trading on Thursday, hitting $44.85. 100,669 shares of the company’s stock traded hands. 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 $45.27 and its 200-day moving average is $46.10. The company has a market cap of $2.705 billion and a price-to-earnings ratio of 33.42.

Suburban Propane Partners, L.P. (NYSE:SPH) last announced its 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 $1.97 earnings per share for the current fiscal year.

In other Suburban Propane Partners, L.P. news, VP Douglas Brinkworth sold 4,492 shares of Suburban Propane Partners, L.P. stock on the open market in a transaction that occurred on Tuesday, February 11th. The stock was sold at an average price of $45.01, for a total transaction of $202,184.92. Following the completion of the transaction, the vice president now directly owns 43,560 shares of the company’s stock, valued at approximately $1,960,636. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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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