Wall Street Analysts Don’t See an Upside for Ferrellgas Partners
Of the analysts surveyed by Reuters, 57% rated Ferrellgas Partners (FGP) a “sell,” 29% rated it a “hold,” and 14% rated it a “buy.” The average target price for FGP is $6.40, which is close to FGP’s current market price of $6.37. This means analysts don’t expect an upside for FGP stock from its current level.
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The above chart shows changes in analyst recommendations for FGP over the last one year.
In comparison, ~20% of analysts recommended Suburban Propane Partners (SPH) as a “buy,” and ~70% recommended the company as a “hold.” Nearly 60% of the surveyed analysts rated AmeriGas Partners (APU) as a “hold.”