Susser Holdings Corp. Lowered to “Underperform” at Zacks (SUSS)
Susser Holdings Corp. (NASDAQ:SUSS) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a report released on Friday, AnalystRatingsNetwork reports. They currently have a $49.10 target price on the stock. Zacks‘ target price would indicate a potential downside of 3.99% from the stock’s previous close.
Susser Holdings Corp. (NASDAQ:SUSS) traded down 0.49% during mid-day trading on Friday, hitting $50.89. The stock had a trading volume of 80,280 shares. Susser Holdings Corp. has a 52-week low of $33.04 and a 52-week high of $56.95. The stock’s 50-day moving average is $48.83 and its 200-day moving average is $49.44. The company has a market cap of $1.076 billion and a price-to-earnings ratio of 83.97.
Susser Holdings Corp. (NASDAQ:SUSS) last announced its earnings results on Wednesday, August 7th. The company reported $0.59 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.78 by $0.19. The company had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.56 billion. During the same quarter last year, the company posted $1.40 earnings per share. Susser Holdings Corp.’s revenue was up 3.1% compared to the same quarter last year. On average, analysts predict that Susser Holdings Corp. will post $1.73 earnings per share for the current fiscal year.
SUSS has been the subject of a number of other recent research reports. Analysts at RBC Capital reiterated an “outperform” rating on shares of Susser Holdings Corp. (NASDAQ:SUSS) in a research note to investors on Thursday, August 8th. They now have a $58.00 price target on the stock.
One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $53.87.
Susser Holdings Corporation (NASDAQ:SUSS) is a non-refining operator of convenience store in Texas, and a non-refining motor fuel distributor.
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