Zacks upgraded shares of Suburban Propane Partners, L.P. (NYSE:SPH) from an underperform rating to a neutral rating in a research report released on Tuesday morning, AnalystRatings.NET reports. Zacks currently has $46.40 price objective on the stock.
Zacks has also modified their ratings on a number of other services stocks in the few days. The firm downgraded shares of Mellanox Technologies, Ltd. from an outperform rating to a neutral rating. Their analysts now have a $42.30 price target on that stock. Also, Zacks upgraded shares of Chipmos Technologies from a neutral rating to an outperform rating. Zacks now has a $19.60 price target on that stock. Finally, Zacks downgraded shares of Catalyst Pharmaceutical Partners from an outperform rating to a neutral rating. Their analysts now have a $1.90 price target on that stock.
Shares of Suburban Propane Partners, L.P. (NYSE:SPH) traded up 0.64% during mid-day trading on Tuesday, hitting $45.83. 13,512 shares of the company’s stock traded hands. Suburban Propane Partners, L.P. has a 1-year low of $36.69 and a 1-year high of $50.25. The stock has a 50-day moving average of $46.90 and a 200-day moving average of $46.9. The company has a market cap of $2.760 billion and a P/E ratio of 33.99.
Suburban Propane Partners, L.P. (NYSE:SPH) last issued its quarterly earnings data 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 in the previous year, the company posted ($1.19) earnings per share. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. Analysts expect that Suburban Propane Partners, L.P. will post $2.42 EPS for the current fiscal year.
Separately, 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 research analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. Suburban Propane Partners, L.P. currently has an average rating of Hold and an average target price of $44.85.
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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