Brokerages Set Sunoco LP (SUN) PT at $30.91

Share on StockTwits

Sunoco LP (NYSE:SUN) has been assigned an average recommendation of “Hold” from the sixteen brokerages that are currently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $30.91.

A number of analysts have issued reports on the company. ValuEngine downgraded Sunoco from a “hold” rating to a “sell” rating in a report on Wednesday, October 31st. Zacks Investment Research downgraded Sunoco from a “hold” rating to a “sell” rating in a report on Wednesday, October 17th. JPMorgan Chase & Co. downgraded Sunoco from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $33.00 to $32.00 in a report on Friday, October 12th. Credit Suisse Group assumed coverage on Sunoco in a report on Thursday, October 11th. They set a “neutral” rating and a $31.00 price target for the company. Finally, TheStreet raised Sunoco from a “c+” rating to a “b-” rating in a report on Monday, September 24th.

NYSE SUN traded up $0.01 during trading on Monday, reaching $28.45. 551,820 shares of the company’s stock were exchanged, compared to its average volume of 442,134. The company has a market capitalization of $2.65 billion, a price-to-earnings ratio of 15.84 and a beta of 0.84. The company has a debt-to-equity ratio of 2.84, a current ratio of 1.07 and a quick ratio of 0.67. Sunoco has a 1 year low of $24.46 and a 1 year high of $33.11.

Sunoco (NYSE:SUN) last announced its quarterly earnings results on Wednesday, November 7th. The oil and gas company reported $1.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.50. The company had revenue of $4.76 billion during the quarter, compared to the consensus estimate of $4.59 billion. Sunoco had a return on equity of 35.57% and a net margin of 0.58%. Sunoco’s revenue for the quarter was up 55.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.08 EPS. As a group, equities research analysts expect that Sunoco will post 2.3 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 14th. Stockholders of record on Tuesday, November 6th will be issued a $0.8255 dividend. This represents a $3.30 annualized dividend and a dividend yield of 11.61%. The ex-dividend date of this dividend is Monday, November 5th. Sunoco’s payout ratio is currently 144.10%.

Institutional investors have recently bought and sold shares of the company. Rafferty Asset Management LLC increased its position in Sunoco by 5.5% in the 3rd quarter. Rafferty Asset Management LLC now owns 83,800 shares of the oil and gas company’s stock valued at $2,476,000 after acquiring an additional 4,370 shares during the period. Claraphi Advisory Network LLC acquired a new position in Sunoco in the 3rd quarter valued at about $220,000. Tortoise Index Solutions LLC increased its position in Sunoco by 39.7% in the 3rd quarter. Tortoise Index Solutions LLC now owns 9,717 shares of the oil and gas company’s stock valued at $287,000 after acquiring an additional 2,759 shares during the period. JPMorgan Chase & Co. increased its position in Sunoco by 28.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,713,603 shares of the oil and gas company’s stock valued at $50,637,000 after acquiring an additional 375,235 shares during the period. Finally, Private Advisor Group LLC increased its position in Sunoco by 56.3% in the 3rd quarter. Private Advisor Group LLC now owns 19,924 shares of the oil and gas company’s stock valued at $589,000 after acquiring an additional 7,178 shares during the period. 28.50% of the stock is owned by institutional investors and hedge funds.

Sunoco Company Profile

Sunoco LP, together with its subsidiaries, engages in the wholesale distribution and retail sale of motor fuels primarily in the United States. The company operates through two segments, Wholesale and Retail. It serves convenience stores and commission agent locations, contracted independent convenience store operators, and other commercial customers.

Read More: Understanding Relative Strength Index

Analyst Recommendations for Sunoco (NYSE:SUN)

Receive News & Ratings for Sunoco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sunoco and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Financial Analysis: PIGEON Corp/ADR  versus Entegris
Financial Analysis: PIGEON Corp/ADR versus Entegris
Blackbaud  & Great Elm Capital Group  Head to Head Comparison
Blackbaud & Great Elm Capital Group Head to Head Comparison
Brokerages Set Sunoco LP  PT at $30.91
Brokerages Set Sunoco LP PT at $30.91
Analysts Expect Monmouth R.E. Inv. Corp.  Will Post Earnings of $0.25 Per Share
Analysts Expect Monmouth R.E. Inv. Corp. Will Post Earnings of $0.25 Per Share
ARRIS International plc  Given Consensus Rating of “Hold” by Analysts
ARRIS International plc Given Consensus Rating of “Hold” by Analysts
$0.51 EPS Expected for Chesapeake Lodging Trust  This Quarter
$0.51 EPS Expected for Chesapeake Lodging Trust This Quarter


Leave a Reply

© 2006-2018 Ticker Report