Suburban Propane Partners (SPH) Stock Forecast & Price Target

$17.72

+0.02 (+0.11%)

(As of 02:46 PM ET)

Suburban Propane Partners - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Reduce
Based on 3 Analyst Ratings

Based on 3 Wall Street analysts who have issued ratings for Suburban Propane Partners in the last 12 months, the stock has a consensus rating of "Reduce." Out of the 3 analysts, 2 have given a sell rating, and 1 has given a buy rating for SPH.

Consensus Price Target

$19.67
10.99% Upside

High Forecast	$25.00
Average Forecast	$19.67
Low Forecast	$17.00

According to the 3 analysts' twelve-month price targets for Suburban Propane Partners, the average price target is $19.67. The highest price target for SPH is $25.00, while the lowest price target for SPH is $17.00. The average price target represents a forecasted upside of 10.99% from the current price of $17.72.

Type	Current Forecast 9/20/23 to 9/19/24	1 Month Ago 8/21/23 to 8/20/24	3 Months Ago 6/22/23 to 6/21/24	1 Year Ago 9/20/22 to 9/20/23
Consensus Rating	Reduce	Hold	Hold	Hold
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	1 Buy rating(s)	1 Buy rating(s)	1 Buy rating(s)	0 Buy rating(s)
Hold	0 Hold rating(s)	0 Hold rating(s)	0 Hold rating(s)	2 Hold rating(s)
Sell	2 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$19.67	$21.00	$21.00	$16.50
Forecasted Upside	10.99% Upside	2.24% Upside	2.24% Upside	7.40% Upside

Trump Warns Gov. Can Confiscate Your Money. CBDC's give Gov. absolute (Ad)

Donald Trump once again sounded the alarm against Fed-controlled digital currencies (CBDCs). If these plans are implemented, it could mean the end of America as we know it.

This means you must act NOW before it's too late.

SPH Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

SPH Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Suburban Propane Partners Stock vs. The Competition

Type	Suburban Propane Partners	Oils/Energy Companies	S&P 500
Consensus Rating Score	1.67	2.58	2.50
Consensus Rating	Reduce	Moderate Buy	Moderate Buy
Predicted Upside	10.99% Upside	194.56% Upside	6.53% Upside
News Sentiment Rating	Neutral News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
8/30/2024	Wells Fargo & Company 3 of 5 stars	N. Baramov Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Equal Weight ➝ Underweight	$17.00 ➝ $17.00	-3.74%
6/10/2024	Argus 3 of 5 stars	D. Coleman Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$24.00 ➝ $25.00	+18.04%
1/29/2024	Mizuho 2 of 5 stars		Downgrade	Neutral ➝ Underperform	$16.00 ➝ $17.00	-14.57%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 03:06 PM ET.

SPH Forecast - Frequently Asked Questions

What is Suburban Propane Partners' forecast for 2024?: According to the research reports of 3 Wall Street equities research analysts, the average twelve-month stock price forecast for Suburban Propane Partners is $19.67, with a high forecast of $25.00 and a low forecast of $17.00.
Should I buy or sell Suburban Propane Partners stock right now?: 3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Suburban Propane Partners in the last year. There are currently 2 sell ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "reduce" SPH shares.
Does Suburban Propane Partners's stock price have much upside?: According to analysts, Suburban Propane Partners's stock has a predicted upside of 0.44% based on their 12-month stock forecasts.
Has Suburban Propane Partners been downgraded by Wall Street analysts recently?: Over the previous 90 days, Suburban Propane Partners's stock had 1 downgrade by analysts.
What analysts cover Suburban Propane Partners?: Suburban Propane Partners has been rated by research analysts at Wells Fargo & Company in the past 90 days.
Do Wall Street analysts like Suburban Propane Partners more than its competitors?: Analysts like Suburban Propane Partners less than other "oils/energy" companies. The consensus rating for Suburban Propane Partners is Reduce while the average consensus rating for "oils/energy" companies is Moderate Buy. Learn more on how SPH compares to other companies.