Stock Rating Downgrade
In recent days the Value Trend Rating for Suburban Propane Partners LP (NYSE: SPH) weakened from C to D reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
Suburban Propane Partners LP (NYSE: SPH) stock closed at $18.69 on 10/18/24 after a slight decline of -0.1%. However, this decline was accompanied by below average trading volume at 71% of normal. The stock has been weak relative to the market over the last nine months but has risen 1.5% 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 D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Suburban Propane Partners has a neutral Appreciation Score of 54 and a slightly negative Power Rating of 32, with the Negative Value Trend Rating the result.
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