Wall Street Analysts Don’t See an Upside for Ferrellgas Partners



Analyst recommendations

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.

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.”

Article continues below advertisement

More From Market Realist