SunoCo Logistics Partners LP Downgraded to “Neutral” at Credit Suisse (SXL)
SunoCo Logistics Partners LP (NYSE:SXL) was downgraded by research analysts at Credit Suisse from an “outperform” rating to a “neutral” rating in a report released on Friday, TheFlyOnTheWall.com reports.
Other equities research analysts have also recently issued reports about the stock. Analysts at Robert W. Baird raised their price target on shares of SunoCo Logistics Partners LP (NYSE:SXL) from $65.00 to $72.00 in a research note to investors on Tuesday, August 13th. They now have a “neutral” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of SunoCo Logistics Partners LP (NYSE:SXL) in a research note to investors on Tuesday, August 13th. They now have a $67.00 price target on the stock. Finally, analysts at RBC Capital raised their price target on shares of SunoCo Logistics Partners LP (NYSE:SXL) from $64.00 to $68.00 in a research note to investors on Monday, August 12th. They now have a “sector perform” rating on the stock. Eleven research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $67.71.
SunoCo Logistics Partners LP (NYSE:SXL) traded down 1.30% during mid-day trading on Friday, hitting $67.05. The stock had a trading volume of 25,142 shares. SunoCo Logistics Partners LP has a 52-week low of $44.00 and a 52-week high of $68.44. The stock’s 50-day moving average is $64.77 and its 200-day moving average is $63.31. The company has a market cap of $6.960 billion and a price-to-earnings ratio of 15.57.
SunoCo Logistics Partners LP (NYSE:SXL) last released its earnings data on Wednesday, August 7th. The company reported $1.08 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.84 by $0.24. The company had revenue of $4.31 billion for the quarter, compared to the consensus estimate of $3.87 billion. During the same quarter in the prior year, the company posted $1.28 earnings per share. The company’s quarterly revenue was up 30.1% on a year-over-year basis. On average, analysts predict that SunoCo Logistics Partners LP will post $3.85 earnings per share for the current fiscal year.
Sunoco Logistics Partners L.P. owns and operates a logistics business, consisting of a geographically diverse portfolio of complementary pipeline, terminalling, and crude oil acquisition and marketing assets.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.