It’s been a crucial week for Suburban Propane Partners, L.P. (NYSE:SPH); here’s what analysts have to say.

May 14, 2018 - By Adrian Erickson

Suburban Propane Partners, L.P. (NYSE:SPH) LogoInvestors sentiment increased to 1.17 in 2017 Q4. Its up 0.38, from 0.79 in 2017Q3. It improved, as 12 investors sold Suburban Propane Partners, L.P. shares while 35 reduced holdings. 26 funds opened positions while 29 raised stakes. 16.86 million shares or 12.61% more from 14.97 million shares in 2017Q3 were reported.
United Financial Advisers Llc invested 0% in Suburban Propane Partners, L.P. (NYSE:SPH). Evercore Wealth Mngmt Lc reported 0.01% of its portfolio in Suburban Propane Partners, L.P. (NYSE:SPH). Abrams Capital Mgmt L P holds 1.51M shares or 1.23% of its portfolio. Citigroup invested 0.02% in Suburban Propane Partners, L.P. (NYSE:SPH). Endurance Wealth Mgmt Inc accumulated 1,000 shares. Arrowstreet Ltd Partnership accumulated 73,179 shares. Sumitomo Mitsui Hldgs Inc invested 0% of its portfolio in Suburban Propane Partners, L.P. (NYSE:SPH). Community Comml Bank Na reported 10 shares. Winslow Evans And Crocker has invested 0% of its portfolio in Suburban Propane Partners, L.P. (NYSE:SPH). Atlantic Trust Grp Ltd Llc holds 0.07% or 647,026 shares. Raymond James & accumulated 45,145 shares. Hite Hedge Asset Management Lc holds 2.79% of its portfolio in Suburban Propane Partners, L.P. (NYSE:SPH) for 651,815 shares. First Manhattan has invested 0% in Suburban Propane Partners, L.P. (NYSE:SPH). Miller Howard Invests Inc New York invested 0.1% of its portfolio in Suburban Propane Partners, L.P. (NYSE:SPH). Camarda Fincl Advsr Ltd Liability invested 0.17% of its portfolio in Suburban Propane Partners, L.P. (NYSE:SPH).

Since February 20, 2018, it had 0 buys, and 2 selling transactions for $120,936 activity. The insider Swift Jane sold $23,600.

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

Among 4 analysts covering Suburban Propane (NYSE:SPH), 1 have Buy rating, 2 Sell and 1 Hold. Therefore 25% are positive. Suburban Propane had 5 analyst reports since January 3, 2018 according to SRatingsIntel. The stock of Suburban Propane Partners, L.P. (NYSE:SPH) earned “Buy” rating by Raymond James on Friday, February 9. The stock of Suburban Propane Partners, L.P. (NYSE:SPH) earned “Buy” rating by UBS on Wednesday, January 3. The company was downgraded on Monday, March 19 by JP Morgan. As per Friday, March 2, the company rating was maintained by UBS. The rating was downgraded by J.P. Morgan on Monday, March 19 to “Sell”. Below is a list of Suburban Propane Partners, L.P. (NYSE:SPH) latest ratings and price target changes.

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 increased 1.92% or $0.43 during the last trading session, reaching $22.77. About 170,369 shares traded. Suburban Propane Partners, L.P. (NYSE:SPH) has declined 16.75% since May 14, 2017 and is downtrending. It has underperformed by 28.30% the S&P500.

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 market cap of $1.40 billion. 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. It has a 34.4 P/E ratio. 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.

Another recent and important Suburban Propane Partners, L.P. (NYSE:SPH) news was published by Benzinga.com which published an article titled: “Earnings Scheduled For May 10, 2018” on May 10, 2018.

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

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