Extremely important negative changes in investment behavior have recently occurred for Suburban Propane Partners LP (NYSE: SPH): the stock’s recent price decline challenged its longer term uptrend, its shorter term price trend turned down, and negative upside/downside volume developed.
Suburban Propane Partners LP (NYSE: SPH). Minimal negative changes in fundamentals have recently occurred: significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of B. We would view the shares with caution pending completion of this review in the next several days.
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 B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Suburban Propane Partners has a neutral Appreciation Score of 47 but a good Power Rating of 76, producing the Positive Value Trend Rating.
Recent Price Action
On 6/18/24, Suburban Propane Partners LP (NYSE: SPH) stock declined by -4.5%, closing at $18.43. Moreover, trading volume in this decline was unusually high at 189% of normal. Relative to the market the stock has been strong over the last nine months but has declined -13.2% during the last week.
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