A number of other brokerages have also commented on SUN. Raymond James decreased their price objective on shares of Sunoco from $35.00 to $33.00 and set an “outperform” rating on the stock in a report on Friday, August 9th. Stifel Nicolaus set a $34.00 price objective on shares of Sunoco and gave the stock a “hold” rating in a report on Monday, August 12th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $31.00.
SUN opened at $31.52 on Thursday. The firm’s 50-day simple moving average is $31.31 and its 200-day simple moving average is $31.28. The company has a debt-to-equity ratio of 4.51, a quick ratio of 0.78 and a current ratio of 1.24. Sunoco has a twelve month low of $23.80 and a twelve month high of $34.09. The firm has a market cap of $3.09 billion, a price-to-earnings ratio of 11.92 and a beta of 0.77.
Large investors have recently modified their holdings of the business. Griffin Asset Management Inc. bought a new stake in Sunoco during the 2nd quarter worth about $33,000. Steward Partners Investment Advisory LLC bought a new stake in Sunoco during the 2nd quarter worth about $41,000. Tower Research Capital LLC TRC bought a new stake in Sunoco during the 2nd quarter worth about $44,000. Stonebridge Capital Advisors LLC bought a new stake in Sunoco during the 2nd quarter worth about $59,000. Finally, Janney Montgomery Scott LLC bought a new stake in Sunoco during the 2nd quarter worth about $203,000. 28.67% of the stock is currently owned by hedge funds and other institutional investors.
Sunoco LP, together with its subsidiaries, engages in the distribution and retailing of motor fuels in the United States. The company operates through two segments, Fuel Distribution and Marketing, and All Other. The Fuel Distribution and Marketing segment purchases motor fuel from independent refiners and major oil companies and supplies it to independently operated dealer stations, distributors and other consumer of motor fuel, and partnership operated stations, as well as to commission agent locations.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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.