Jefferies Reiterates a Hold Rating on Amerigas Partners LP

By Jason Carr

Jefferies analyst Christopher Sighinolfi reiterated a Hold rating on Amerigas Partners LP (NYSE: APU) today and set a price target of $46. The company’s shares opened today at $43.94.

According to TipRanks.com, Sighinolfi is a 5-star analyst with an average return of 10.5% and a 64.8% success rate. Sighinolfi covers the Basic Materials sector, focusing on stocks such as Energy Transfer Partners LP, Dcp Midstream Partners Lp, and National Fuel Gas Company.

Amerigas Partners LP has an analyst consensus of Hold, with a price target consensus of $46.

Based on Amerigas Partners LP’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $864 million and quarterly net profit of $106 million. In comparison, last year the company earned revenue of $827 million and had a net profit of $162 million.

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AmeriGas Partners LP operates as a holding company, which engages in the distribution of propane and related equipment and supplies. Its products serves the residential, commercial, industrial, agricultural, and motor fuel propane customers. The company was founded on November 2, 1994 and is headquartered in King of Prussia, PA.