Barclays Capital Lowers Price Target on Suburban Propane Partners, L.P. (SPH)

By admin | 6 years ago

Research analysts at Barclays Capital (NYSE: BCS) cut their target price on shares of Suburban Propane Partners, L.P. (NYSE: SPH) from $44.00 to $42.00 in a report released on Monday. The firm currently has an “underweight” rating on the stock.

Suburban Propane Partners, L.P. opened at 41.4501 on Monday. Suburban Propane Partners, L.P. has a 52-week low of $40.25 and a 52-week high of $55.15. The company has a market cap of $1.471 billion and a price-to-earnings ratio of 33.39.

Suburban Propane Partners, L.P. last posted its quarterly earnings results on Thursday, May 3rd. The company reported $1.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.26 by $0.87. The company’s revenue for the quarter was down 22.9% on a year-over-year basis. Analysts expect that Suburban Propane Partners, L.P. will post $-0.31 EPS next quarter.

Separately, analysts at Bank of America (NYSE: BAC) raised their price target on shares of Suburban Propane Partners, L.P. from $46.00 to $47.00 in a research note to investors on Tuesday, May 1st.

Suburban Propane Partners, L.P. (the Partnership) is a nationwide marketer and distributor of a range of products meeting the energy needs of its customers.

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