SunocoCorp (NYSE:SUNC) Research Coverage Started at Mizuho

Mizuho began coverage on shares of SunocoCorp (NYSE:SUNC) in a research note released on Friday, Marketbeat.com reports. The firm issued an outperform rating and a $83.00 price objective on the stock.

A number of other brokerages also recently issued reports on SUNC. Zacks Research upgraded shares of SunocoCorp from a “strong sell” rating to a “hold” rating in a report on Friday, June 19th. Raymond James Financial reiterated a “strong-buy” rating and issued a $80.00 price target on shares of SunocoCorp in a research note on Wednesday, May 6th. Barclays increased their price objective on shares of SunocoCorp from $75.00 to $78.00 and gave the company an “overweight” rating in a report on Tuesday, July 14th. Finally, Citigroup raised their price objective on SunocoCorp from $65.00 to $73.00 and gave the company a “buy” rating in a research report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, SunocoCorp presently has a consensus rating of “Buy” and a consensus target price of $78.50.

SunocoCorp Price Performance

Shares of SUNC opened at $76.30 on Friday. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.92 and a current ratio of 1.40. SunocoCorp has a 1 year low of $47.00 and a 1 year high of $77.55. The firm’s 50 day moving average is $68.63. The stock has a market cap of $3.93 billion and a price-to-earnings ratio of 35.82.

SunocoCorp (NYSE:SUNC) last released its earnings results on Tuesday, May 5th. The company reported $2.13 EPS for the quarter, topping the consensus estimate of $1.66 by $0.47. The company had revenue of $10.69 billion during the quarter, compared to analysts’ expectations of $9.56 billion. On average, sell-side analysts anticipate that SunocoCorp will post 6.88 earnings per share for the current year.

Institutional Investors Weigh In On SunocoCorp

Large investors have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd bought a new position in SunocoCorp during the fourth quarter valued at $43,000. Walnut Private Equity Partners LLC grew its stake in shares of SunocoCorp by 11.8% in the 2nd quarter. Walnut Private Equity Partners LLC now owns 9,500 shares of the company’s stock worth $643,000 after buying an additional 1,000 shares in the last quarter. Waverly Advisors LLC increased its holdings in shares of SunocoCorp by 1.4% in the 1st quarter. Waverly Advisors LLC now owns 95,419 shares of the company’s stock worth $5,883,000 after buying an additional 1,324 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of SunocoCorp in the 1st quarter worth about $112,000. Finally, Deutsche Bank AG bought a new stake in shares of SunocoCorp in the 4th quarter worth about $92,000.

About SunocoCorp

Sunoco LP is an energy infrastructure and fuel distribution master limited partnership. Sunoco LP is based in DALLAS.