On December 8, 2016, RBC Capital Markets upgraded Ferrellgas Partners (FGP) from “underperform” to “sector perform.” Earlier, on December 5, Piper Jaffray upgraded FGP from “underweight” to “neutral,” and Citigroup upgraded the stock from “neutral” to “buy.”
The above chart shows the recommendations for Ferrellgas Partners. Of the surveyed analysts, 57% have recommended a “sell,” while 29% have issued a “hold,” and 14% have issued a “buy.”
The average target price for FGP is $8.0. This target price implies a 20% price return in one year, based on FGP’s current price of $6.6.
Notably, peer Star Gas Partners (SGU) reported earnings on December 7. You can read the Market Realist analysis of these results in the series How Did Star Gas Partners Fare in Fiscal 4Q16?