AmeriGas Partners LP (NYSE:APU) Has Just Had Its Target Price Cut by Equity Research Analysts at Jefferies & Co to $52.00

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Analysis: AmeriGas Partners LP (NYSE:APU) Price Target Change Today

In a very recent research note revealed to investors and clients by Jefferies & Co on Thursday, 3 December, the firm, AmeriGas Partners LP (NYSE:APU), had their PT cut to $52.00. Analusts at present have a solid “Buy” rating on the stock.

From a total of 8 analysts covering AmeriGas Partners LP (NYSE:APU) stock, 1 rate it a ”Buy”, 2 a “Sell”, and 7 a ”Hold”. This means that 10% of the ratings are positive. The highest target price is $53 while the lowest target price is $41.5. The mean of all analyst targets is $47.19 with a 19.29% above today’s ($37.58) stock price. AmeriGas Partners LP was the topic of 4 analyst reports since August 20, 2015 according to the firm StockzIntelligence Inc. UBS maintained shares on November 19 with “Neutral” rating. TheStreet downgraded APU stock in a recent report from August 29 to “Buy” rating.

Approximately 197,793 shares of stock traded hands. AmeriGas Partners, L.P. (NYSE:APU) has declined 22.98% since April 30, 2015 and is downtrending. It has underperformed by 22.70% the S&P500.

Amerigas Partners, L.P. is a holding company. The company has a market cap of $3.52 billion. The Firm conducts its business principally through its subsidiary, AmeriGas Propane, L.P. , a Delaware limited partnership. It has 19.54 P/E ratio. AmeriGas Propane, Inc. is the Company’s general partner (the General Partner) and is responsible for managing its operations.

According to Zacks Investment Research, “AmeriGas Partners, L.P., with its subsidiary, AmeriGas Propane, L.P., is one of the largest retail propane distributors in the United States. The company serves residential, commercial, industrial, agricultural and motor fuel customers. The company’s operations are located primarily in the Northeast, Southeast, Great Lakes and West Coast regions of the United States and are conducted principally under the trade name AmeriGas.” Get a free copy of the Zacks research report on AmeriGas Partners, L.P. (APU).

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