Stock Rating Downgrade
During the last several trading days the Value Trend Rating for Suburban Propane Partners LP (NYSE: SPH) weakened from B to C reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
On 5/31/24, Suburban Propane Partners LP (NYSE: SPH) stock enjoyed a large increase of 2.9%, closing at $20.33. However, below average trading volume at 73% of normal accompanied the advance. Relative to the market the stock has been strong over the last nine months and has risen 5.4% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, SPH is expected to continue to be a major Value Builder.
Suburban Propane Partners has a current Value Trend Rating of C (High Neutral). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Suburban Propane Partners has a neutral Appreciation Score of 47 but a good Power Rating of 70, and the High Neutral Value Trend Rating results.
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