Weekly Update

Quick Review & Analysis on AmeriGas Partners, L.P. (NYSE:APU)

Shares of AmeriGas Partners, L.P. (NYSE:APU) ended the most recent trading session at $44.8600, with a move of -1.8600%. Shares of the company reached a high of  $44.9372 and touched a low of $44.0100. The stock is currently hovering -4.5642% away from its 200-day moving average of $46.1311. The stock price is -0.3925% off of its 50-day moving average of $44.1991. The average stock price over a certain period of time results in a moving average. Moving averages may help stock traders spot trends to help indicate the future movement of a stock price. The moving average may serve as a support or resistance level for the stock price. The moving average may serve as a resistance level if the stock is trading below the number. The moving average may serve as a support level if the stock is trading above that number.  

Taking a longer term look at where the stock has been and where it’s headed, we note that currently the stock has traded in the range of $42.5200 – 50.1100 over the past 52-weeks. The latest bid places it $-6.0844 away from the 52-week high of $50.1100, or -12.1421%. On the other end, the latest bid puts the equity $1.5056 away from the 52-week low of $42.5200, or +3.5409%. The 52-week metric is serves as an important parameter for investors as they gauge the current price level of a stock and where it might be headed in the future.

Another important metric used by institutional and retail investors alike, is the analyst price target on a stock. Wall Street brokerage firms on the sell-side hire analysts to conduct research on stocks they cover for their clients. Analysts issue reports which often include a future stock price projection for the stock. Thomson Reuters’ First Call, which many consider to be the benchmark for EPS and consensus data, currently have the price target listed as $45.7200. This is the consensus of all analyst targets from the brokerage firms polled by First Call.

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