Stock To Watch: Suburban Propane Partners, L.P. (NYSE:SPH)


The leading market experts have placed a mean price target of $33.83 on Suburban Propane Partners, L.P. (NYSE:SPH) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.78 a share for the upcoming quarter and $0.42 for the current fiscal.

Technical View

The technical analysis of Suburban Propane Partners, L.P. plainly substantiates that the 50-day moving average of Suburban Propane Partners, L.P. is $34.13, and stock is trading $-1.13 points away or -3.31% from its 50-day moving average of $34.13. Further it is trading $1.64 or +5.24% away its 200-day moving average of $31.36. Suburban Propane Partners, L.P. (NYSE:SPH) 52-week high is $37.73 and the 52-week low is $20.93.

This explains if the stock moves $-4.73, it will post a 52-week high. In event of +57.67% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of Suburban Propane Partners, L.P., shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Suburban Propane Partners, L.P. (NYSE:SPH) ratio came in at 286.96.

The stock last ended the trading session at $33.00 and registered a market cap of $2.01B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Suburban Propane Partners, L.P. (NYSE:SPH) PEG ratio is at 0.00.

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