At the time of writing, Suburban Propane Partners LP [SPH] stock is trading at $19.72, up 0.46%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The SPH shares have gain 8.89% over the last week, with a monthly amount glided 9.31%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Suburban Propane Partners LP [NYSE: SPH] stock has seen the most recent analyst activity on August 30, 2024, when Wells Fargo downgraded its rating to a Underweight but kept the price target unchanged to $17 for it. Previously, Mizuho downgraded its rating to Underperform on January 29, 2024, and elevated its price target to $17. On April 26, 2023, Mizuho initiated with a Neutral rating and assigned a price target of $17 on the stock. Argus upgraded its rating to a Buy but stick to its price target of $18 on March 26, 2021. Argus upgraded its rating to a Hold. Argus downgraded its rating to Sell for this stock on February 11, 2020. In a note dated March 19, 2018, JP Morgan downgraded an Underweight rating on this stock.
For the past year, the stock price of Suburban Propane Partners LP fluctuated between $15.20 and $21.55. Currently, Wall Street analysts expect the stock to reach $17 within the next 12 months. Suburban Propane Partners LP [NYSE: SPH] shares were valued at $19.72 at the most recent close of the market. An investor can expect a potential drop of -13.79% based on the average SPH price forecast.
Analyzing the SPH fundamentals
According to Suburban Propane Partners LP [NYSE:SPH], the company’s sales were 1.33B for trailing twelve months, which represents an -7.92% plunge. Gross Profit Margin for this corporation currently stands at 0.4% with Operating Profit Margin at 0.12%, Pretax Profit Margin comes in at 0.06%, and Net Profit Margin reading is 0.06%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.16 and Total Capital is 0.08.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 19.45 points at the first support level, and at 19.18 for the second support level. However, for the 1st resistance point, the stock is sitting at 19.90, and for the 2nd resistance point, it is at 20.07.
Ratios To Look Out For
It is important to note that Suburban Propane Partners LP [NYSE:SPH] has a current ratio of 0.51. As well, the Quick Ratio is 0.33, while the Cash Ratio is 0.01. Considering the valuation of this stock, the price to sales ratio is 0.96, the price to book ratio is 2.31 and price to earnings (TTM) ratio is 17.29.
Transactions by insiders
Recent insider trading involved Brinkworth Douglas, SVP- Prod.Sup,Purch.&Logistics, that happened on Dec 05 ’24 when 5971.0 shares were sold. Officer, Brinkworth Douglas completed a deal on Dec 05 ’24 to buy 7500.0 shares. Meanwhile, Vice President-Product Supply Schueler Michael A sold 5335.0 shares on Dec 04 ’24.
