Weekly Suburban Propane Partners, L.P. (NYSE:SPH) Ratings on Apr 20, 2018

April 20, 2018 - By Joseph March

Suburban Propane Partners, L.P. (NYSE:SPH) Corporate Logo
Big Money Sentiment increased to 1.17 in Q4 2017. It has change of 0.38, from 2017Q3’s 0.79. The ratio improved due to Suburban Propane Partners, L.P. positioning: 12 sold and 35 reduced. 26 funds took positions and 29 increased positions. Investors holded 14.97 million in 2017Q3 but now own 16.86 million shares or 12.61% more.
New York-based Evercore Wealth Management Limited Company has invested 0.01% in Suburban Propane Partners, L.P. (NYSE:SPH). M&T Comml Bank Corporation invested in 15,104 shs or 0% of the stock. Nelson Van Denburg & Campbell Wealth Mgmt Grp Lc holds 178 shs or 0% of its capital. Miller Howard holds 0.1% or 187,629 shs in its capital. Rafferty Asset Limited, a New York-based fund reported 89,604 shs. Bank & Trust Of America De invested 0% of its capital in Suburban Propane Partners, L.P. (NYSE:SPH). Raymond James Advisors reported 150,606 shs. Da Davidson And Com accumulated 10,925 shs. Pinnacle Fincl Prtnrs Inc holds 0.03% or 10,500 shs. Moreover, Neuberger Berman Group Ltd Liability Corp has 0% invested in Suburban Propane Partners, L.P. (NYSE:SPH). Credit Suisse Ag invested 0% in Suburban Propane Partners, L.P. (NYSE:SPH). The New York-based Jefferies Group Inc Ltd Liability Corporation has invested 0.02% in Suburban Propane Partners, L.P. (NYSE:SPH). Moreover, Hm Payson And has 0.01% invested in Suburban Propane Partners, L.P. (NYSE:SPH) for 10,600 shs. Citadel Advsr Limited Liability Company has invested 0% in Suburban Propane Partners, L.P. (NYSE:SPH). First Manhattan reported 0% stake.

Suburban Propane Partners, L.P. had 2 selling transactions and 0 insider buys since February 20, 2018. This’s net activity of $120,936. On Monday, March 5 a trade for 1,000 shs valued at $23,600 was made by Swift Jane.

Suburban Propane Partners, L.P. (NYSE:SPH) Ratings Coverage

In total 4 analysts cover Suburban Propane (NYSE:SPH). “Buy” rating has 1, “Sell” are 2, while 1 are “Hold”. 25% are bullish. With $29.0 highest and $26.0 lowest price target Suburban Propane has $27 average price target or 20.91% above the current ($22.33) price. 5 are the (NYSE:SPH)’s analyst reports since January 3, 2018 according to StockzIntelligence Inc. On Monday, March 19 the rating was downgraded by J.P. Morgan to “Sell”. On Friday, February 9 the company was upgraded by Raymond James. On Friday, March 2 UBS maintained Suburban Propane Partners, L.P. (NYSE:SPH) with “Neutral” rating. In Monday, March 19 report JP Morgan downgraded the stock to “Underweight” rating. In Wednesday, January 3 report UBS upgraded it to “Buy” rating and $29.0 target. Listed here are Suburban Propane Partners, L.P. (NYSE:SPH) PTs and latest ratings.

19/03/2018 Broker: J.P. Morgan Rating: Sell New Target: $26.0 Downgrade
19/03/2018 Broker: JP Morgan Old Rating: Neutral New Rating: Underweight Downgrade
02/03/2018 Broker: UBS Old Rating: Neutral New Rating: Neutral Old Target: $29 New Target: $27 Maintain
09/02/2018 Broker: Raymond James Rating: Buy New Target: $28.0 Upgrade
03/01/2018 Broker: UBS Rating: Buy New Target: $29.0 Upgrade

The stock decreased 0.71% or $0.16 during the last trading session, reaching $22.33.Suburban Propane Partners, L.P. has volume of 96,883 shares. Since April 20, 2017 SPH has declined 16.75% and is downtrending. The stock underperformed the S&P500 by 28.30%.

Suburban Propane Partners, L.P., through its subsidiaries, engages in the retail marketing and distribution of propane, fuel oil, and refined fuels.The company has $1.37 billion market cap. The Company’s Propane segment is involved in the retail distribution of propane to residential, commercial, industrial, and agricultural customers, as well as in the wholesale distribution to industrial end users.The P/E ratio is 33.73. This segment offers propane primarily for space heating, water heating, cooking, and clothes drying in the residential and commercial markets; for use as a motor fuel in internal combustion engines to power over-the-road vehicles, forklifts, and stationary engines, as well as to fire furnaces and as a cutting gas to the industrial customers; and for tobacco curing, crop drying, poultry brooding, and weed control in the agricultural markets.

Suburban Propane Partners, L.P. (NYSE:SPH) Institutional Investors Chart

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