SunocoCorp (NYSE:SUNC) Reaches New 1-Year High – Here’s What Happened

SunocoCorp LLC (NYSE:SUNC) shares reached a new 52-week high during trading on Monday . The stock traded as high as $77.55 and last traded at $76.29, with a volume of 652 shares changing hands. The stock had previously closed at $76.29.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on SUNC shares. Zacks Research raised SunocoCorp from a “strong sell” rating to a “hold” rating in a research report on Friday, June 19th. Barclays lifted their price objective on shares of SunocoCorp from $75.00 to $78.00 and gave the company an “overweight” rating in a report on Tuesday, July 14th. Citigroup increased their target price on shares of SunocoCorp from $65.00 to $73.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $80.00 target price on shares of SunocoCorp in a research report on Wednesday, May 6th. Finally, Mizuho initiated coverage on shares of SunocoCorp in a research report on Friday. They set an “outperform” rating and a $83.00 price target on the stock. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $78.50.

SunocoCorp Stock Performance

The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.92 and a current ratio of 1.40. The stock has a market cap of $3.93 billion and a PE ratio of 35.82. The business has a 50-day simple moving average of $68.63.

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

Institutional Trading of SunocoCorp

A number of institutional investors have recently bought and sold shares of SUNC. Caitong International Asset Management Co. Ltd acquired a new position in shares of SunocoCorp during the 4th quarter worth approximately $43,000. SG Americas Securities LLC bought a new position in shares of SunocoCorp during the first quarter worth approximately $112,000. Deutsche Bank AG acquired a new stake in shares of SunocoCorp in the fourth quarter valued at approximately $92,000. State of Wyoming acquired a new stake in shares of SunocoCorp in the first quarter valued at approximately $164,000. Finally, Danske Bank A S acquired a new stake in shares of SunocoCorp in the fourth quarter valued at approximately $133,000.

About SunocoCorp

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