Sunoco Logistics Partners L.P. Given Consensus Recommendation of “Hold” by Brokerages (NYSE:SXL)
Sunoco Logistics Partners L.P. (NYSE:SXL) has received an average recommendation of “Hold” from the eight brokerages that are covering the company, AnalystRatingsNetwork reports. Seven equities research analysts have rated the stock with a hold recommendation, The average 12-month price target among analysts that have issued ratings on the stock in the last year is $24.86.
Sunoco Logistics Partners L.P. (NYSE:SXL) traded up 0.14% on Thursday, hitting $46.355. The stock had a trading volume of 44,646 shares. Sunoco Logistics Partners L.P. has a 52-week low of $29.295 and a 52-week high of $47.815. The stock has a 50-day moving average of $45.9 and a 200-day moving average of $41.85. The company has a market cap of $9.639 billion and a price-to-earnings ratio of 32.83. Sunoco Logistics Partners L.P. also saw a significant increase in short interest in the month of June. As of June 13th, there was short interest totalling 2,151,644 shares, an increase of 72.2% from the May 30th total of 1,249,258 shares. Approximately 1.5% of the company’s shares are short sold. Based on an average daily trading volume, of 404,545 shares, the days-to-cover ratio is presently 5.3 days.
Sunoco Logistics Partners L.P. (NYSE:SXL) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.66 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.62 by $0.04. The company had revenue of $4.48 billion for the quarter, compared to the consensus estimate of $4.58 billion. During the same quarter last year, the company posted $1.09 earnings per share. Sunoco Logistics Partners L.P.’s revenue was up 27.5% compared to the same quarter last year. Analysts expect that Sunoco Logistics Partners L.P. will post $1.44 EPS for the current fiscal year.
A number of research firms have recently commented on SXL. Analysts at Zacks reiterated a “neutral” rating on shares of Sunoco Logistics Partners L.P. in a research note on Wednesday. They now have a $49.00 price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “hold” rating on shares of Sunoco Logistics Partners L.P. in a research note on Friday, May 9th. They now have a $25.00 price target on the stock, up previously from $22.50. Finally, analysts at RBC Capital raised their price target on shares of Sunoco Logistics Partners L.P. from $20.00 to $23.25 in a research note on Thursday, May 8th. They now have a “sector perform” rating on the stock.
Sunoco Logistics Partners L.P. owns and operates a logistics business, consisting of a portfolio of complementary pipeline, terminalling, and acquisition and marketing assets which are used to facilitate the purchase and sale of crude oil and refined products.
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