Suburban Propane Partners LP has a consensus price target of $19.67 based on the ratings of 3 analysts. The high is $25 issued by Argus Research on June 10, 2024. The low is $17 issued by Wells Fargo on August 30, 2024. The 3 most-recent analyst ratings were released by Wells Fargo, Argus Research, and Mizuho on August 30, 2024, June 10, 2024, and January 29, 2024, respectively. With an average price target of $19.67 between Wells Fargo, Argus Research, and Mizuho, there's an implied 5.39% upside for Suburban Propane Partners LP from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Suburban Propane Partners (NYSE:SPH) was reported by Wells Fargo on August 30, 2024. The analyst firm set a price target for $17.00 expecting SPH to fall to within 12 months (a possible -8.90% downside). 3 analyst firms have reported ratings in the last year.
The latest analyst rating for Suburban Propane Partners (NYSE:SPH) was provided by Wells Fargo, and Suburban Propane Partners downgraded their underweight rating.
There is no last upgrade for Suburban Propane Partners
The last downgrade for Suburban Propane Partners LP happened on August 30, 2024 when Wells Fargo changed their price target from $17 to $17 for Suburban Propane Partners LP.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Suburban Propane Partners, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Suburban Propane Partners was filed on August 30, 2024 so you should expect the next rating to be made available sometime around August 30, 2025.
While ratings are subjective and will change, the latest Suburban Propane Partners (SPH) rating was a downgraded with a price target of $17.00 to $17.00. The current price Suburban Propane Partners (SPH) is trading at is $18.66, which is out of the analyst’s predicted range.
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