Sunoco LP (SUN) Given Consensus Recommendation of “Hold” by Brokerages
Shares of Sunoco LP (NYSE:SUN) have earned a consensus rating of “Hold” from the nineteen research firms that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $31.83.
Several equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. upgraded Sunoco from a “neutral” rating to an “overweight” rating and set a $29.20 price objective on the stock in a report on Tuesday. Royal Bank of Canada reaffirmed a “buy” rating and issued a $35.00 target price on shares of Sunoco in a research report on Tuesday, October 10th. Zacks Investment Research lowered Sunoco from a “buy” rating to a “hold” rating in a research report on Thursday, December 7th. Jefferies Group reaffirmed a “neutral” rating on shares of Sunoco in a research report on Wednesday, December 20th. Finally, B. Riley set a $32.00 target price on Sunoco and gave the stock a “neutral” rating in a research report on Monday, December 18th.
In other Sunoco news, insider Arnold Dodderer sold 2,512 shares of Sunoco stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $28.98, for a total transaction of $72,797.76. Following the transaction, the insider now directly owns 23,923 shares in the company, valued at approximately $693,288.54. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Sunoco (SUN) traded up $0.69 during mid-day trading on Tuesday, hitting $29.20. The stock had a trading volume of 933,900 shares, compared to its average volume of 525,380. Sunoco has a 1-year low of $23.09 and a 1-year high of $32.67. The company has a quick ratio of 3.75, a current ratio of 4.02 and a debt-to-equity ratio of 2.28. The firm has a market capitalization of $2,970.00, a PE ratio of -5.69 and a beta of 0.56.
Sunoco LP is engaged in the retail sale of motor fuels and merchandise through its Company-operated convenience stores and retail fuel sites, as well as the wholesale distribution of motor fuels to convenience stores, independent dealers, commercial customers and distributors. The Company operates through two segments: wholesale and retail.
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.