2 Wall Street research analysts have issued 12 month price objectives for Suburban Propane Partners’ stock. Their SPH share price forecasts range from $16.00 to $17.00. On average, they predict the company’s share price to reach $16.50 in the next twelve months. This suggests a possible upside of 11.8% from the stock’s current price.

One share of SPH stock can currently be purchased for approximately $14.76. The company is scheduled to release its next quarterly earnings announcement on Thursday, November 9th 2023. Zacks Earnings ESP (Expected Surprise Prediction) looks to find companies that have recently seen positive earnings estimate revision activity. The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. We’d like to share more about how we work and what drives our day-to-day business.

Suburban Propane Partners LP News

Since then, SPH shares have decreased by 2.8% and is now trading at $14.76. The technique has proven to be very useful for finding positive surprises. SAN FRANCISCO (MarketWatch) — Among the companies whose shares are likely to see active trading during Thursday’s session are BEA Systems, Agilent Technologies, JC Penney, and Starbucks. 30 employees have rated Suburban Propane Partners Chief Executive Officer Michael A. Stivala on Glassdoor.com.

• The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries.
• This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system.
• Their SPH share price forecasts range from $16.00 to $17.00.
• MarketWatch’s rundown of corporate headlines of interest to investors early Monday.

Michael A. Stivala has an approval rating of 36% among the company’s employees. This puts Michael A. Stivala in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies. As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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Zacks Ranks stocks can, and often do, change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. 2 Wall Street equities research analysts have issued “buy,” “hold,” and “sell” ratings for Suburban Propane Partners in the last twelve months. The consensus among Wall Street equities research analysts is that investors should “hold” SPH shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SPH, but not buy additional shares or sell existing shares. High-growth stocks tend to represent the technology, healthcare, and communications sectors.

The scores are based on the trading styles of Value, Growth, and Momentum. There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank.

Since 1988 it has more than doubled the S&P 500 with an average gain of +24.32% per year. These returns cover a period from January 1, 1988 through July 31, 2023. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations.

Suburban Propane Partners upgraded to buy from hold at Stifel Nicolaus

ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities. Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.

• At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors.
• One share of SPH stock can currently be purchased for approximately $14.76.
• 2 Wall Street research analysts have issued 12 month price objectives for Suburban Propane Partners’ stock.
• © 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions.
• Crashing share prices have left them with big dividends…for now.
• The monthly returns are then compounded to arrive at the annual return.

To see all exchange delays and terms of use please see Barchart’s disclaimer. Suburban Propane Partners declared a quarterly dividend on Thursday, July 20th. Shareholders of record on Tuesday, August 1st will be paid a dividend of $0.325 per share on Tuesday, August 8th. This represents a $1.30 dividend on an annualized basis and a dividend yield of 8.81%. Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes. Data may be intentionally delayed pursuant to supplier requirements.

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Morningstar‘s Stock Analysis SPH

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View analysts price targets for SPH or view top-rated stocks among Wall Street analysts. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system.

Suburban Propane (SPH)

Crashing share prices have left them with big dividends…for now. Suburban Propane Partners’ stock is owned by a number of retail and institutional investors. Top institutional investors include JPMorgan Chase & Co. (1.68%), Mirae Asset Global Investments Co. Ltd. (1.13%), Goldman Sachs https://1investing.in/ Group Inc. (1.09%), Clearbridge Investments LLC (0.91%), Levin Capital Strategies L.P. Insiders that own company stock include Douglas Brinkworth, Harold R Logan Jr, Jane Swift and Michael A Schueler. Suburban Propane Partners’ stock was trading at $15.18 at the beginning of the year.

NEW YORK (MarketWatch) — Suburban Propane Partners L.P. Said Thursday it’ll pay $1.8 billion in cash and debt to buy Inergy L.P.’s retail propane operations. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist.

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MarketWatch’s rundown of corporate headlines of interest to investors early Thursday. MarketWatch’s rundown of corporate headlines of interest to investors early Monday.

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Dividend yield shows how much a company pays its shareholders in dividends annually per dollar invested. It reflects how much an investor will earn aside from any capital gains in the stock. © 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. An industry with a larger percentage of Zacks Rank #1’s and #2’s will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4’s and #5’s.

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They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend transaction multiples to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.

Suburban Propane Partners distributes propane, fuel oil, and other refined fuels to customers primarily in the East Coast and West Coast regions of the United States. Other operations include natural gas and electricity marketing in the deregulated New York and Pennsylvania markets. According to 2 analysts, the average rating for SPH stock is “Hold.” The 12-month stock price forecast is $16.5, which is an increase of 11.79% from the latest price.