SunocoCorp (NYSE:SUNC) Reaches New 12-Month High – Time to Buy?

SunocoCorp LLC (NYSE:SUNC)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $74.56 and last traded at $74.43, with a volume of 691 shares trading hands. The stock had previously closed at $74.45.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on SUNC. Zacks Research raised shares of SunocoCorp from a “strong sell” rating to a “hold” rating in a research report on Friday, June 19th. Citigroup boosted their target price on SunocoCorp from $65.00 to $73.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Barclays upped their price target on SunocoCorp from $75.00 to $78.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 14th. Finally, Raymond James Financial restated a “strong-buy” rating and set a $80.00 price target on shares of SunocoCorp in a research report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $77.00.

SunocoCorp Price Performance

The firm has a market cap of $3.83 billion and a P/E ratio of 34.93. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.40 and a quick ratio of 0.92. The stock has a 50 day moving average price of $68.31.

SunocoCorp (NYSE:SUNC) last posted its quarterly earnings data on Tuesday, May 5th. The company reported $2.13 EPS for the quarter, beating the consensus estimate of $1.66 by $0.47. The business had revenue of $10.69 billion during the quarter, compared to analysts’ expectations of $9.56 billion. On average, equities analysts predict that SunocoCorp LLC will post 6.88 earnings per share for the current year.

Hedge Funds Weigh In On SunocoCorp

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd purchased a new position in SunocoCorp in the fourth quarter valued at $43,000. Walnut Private Equity Partners LLC increased its holdings in SunocoCorp by 11.8% during the 2nd quarter. Walnut Private Equity Partners LLC now owns 9,500 shares of the company’s stock worth $643,000 after purchasing an additional 1,000 shares during the period. Waverly Advisors LLC increased its holdings in SunocoCorp by 1.4% during the 1st quarter. Waverly Advisors LLC now owns 95,419 shares of the company’s stock worth $5,883,000 after purchasing an additional 1,324 shares during the period. SG Americas Securities LLC acquired a new stake in SunocoCorp in the 1st quarter valued at about $112,000. Finally, Deutsche Bank AG acquired a new stake in SunocoCorp in the 4th quarter valued at about $92,000.

About SunocoCorp

Sunoco LP is an energy infrastructure and fuel distribution master limited partnership. Sunoco LP is based in DALLAS.