Are Analysts Bearish Suburban Propane Partners, L.P. (NYSE:SPH) After Last Week?

June 17, 2018 - By Stephen Andrade

Suburban Propane Partners, L.P. (NYSE:SPH) LogoInvestors sentiment decreased to 0.85 in 2018 Q1. Its down 0.32, from 1.17 in 2017Q4. It dived, as 14 investors sold Suburban Propane Partners, L.P. shares while 38 reduced holdings. 16 funds opened positions while 28 raised stakes. 17.28 million shares or 2.47% more from 16.86 million shares in 2017Q4 were reported.
Sfe Counsel invested in 23,415 shares. Maryland-based Arrow Inv Advsr Limited Liability has invested 0.18% in Suburban Propane Partners, L.P. (NYSE:SPH). Glob X Ltd Llc holds 0% or 6,566 shares in its portfolio. Clearbridge Investments Ltd Liability Corporation has 723,827 shares for 0.02% of their portfolio. Atlantic Trust Ltd Liability has invested 0.09% of its portfolio in Suburban Propane Partners, L.P. (NYSE:SPH). Community Bancorp Na holds 10 shares. Abrams Mgmt Lp has invested 1.37% of its portfolio in Suburban Propane Partners, L.P. (NYSE:SPH). Royal Bancshares Of Canada holds 494,091 shares. 10,851 were reported by Da Davidson &. The Maryland-based Sandy Spring Commercial Bank has invested 0% in Suburban Propane Partners, L.P. (NYSE:SPH). Hite Hedge Asset Mgmt Ltd Liability Corporation accumulated 2.97% or 618,967 shares. 1,000 were reported by Endurance Wealth Mngmt. Van Eck Corp invested in 0.01% or 115,958 shares. Allsquare Wealth Management Ltd Liability Company reported 0.03% in Suburban Propane Partners, L.P. (NYSE:SPH). Bb&T Secs Limited Liability Com accumulated 11,009 shares.

Since February 20, 2018, it had 0 insider purchases, and 2 selling transactions for $120,936 activity. The insider Swift Jane sold 1,000 shares worth $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. UBS upgraded the shares of SPH in report on Wednesday, January 3 to “Buy” rating. The stock has “Neutral” rating by UBS on Friday, March 2. J.P. Morgan downgraded Suburban Propane Partners, L.P. (NYSE:SPH) on Monday, March 19 to “Sell” rating. 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) has “Underweight” rating given on Monday, March 19 by JP Morgan. 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 decreased 0.09% or $0.02 during the last trading session, reaching $23.5. About 217,371 shares traded or 15.55% up from the average. Suburban Propane Partners, L.P. (NYSE:SPH) has risen 1.00% since June 17, 2017 and is uptrending. It has underperformed by 11.57% 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 $1.44 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 35.5 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 which published an article titled: “Suburban Propane Partners (NYSE:SPH) & Party City Holdco (PRTY) Head to Head Analysis” on June 12, 2018.

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

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