Sunoco LP (SUN) Stock Rating Reaffirmed by Robert W. Baird
Sunoco LP (NYSE:SUN)‘s stock had its “buy” rating reissued by analysts at Robert W. Baird in a report released on Friday. They presently have a $36.00 price objective on the oil and gas company’s stock. Robert W. Baird’s target price indicates a potential upside of 17.26% from the company’s previous close.
SUN has been the subject of a number of other research reports. Jefferies Group LLC reissued a “hold” rating and issued a $30.00 target price (up previously from $29.00) on shares of Sunoco in a report on Monday, September 11th. Mitsubishi UFJ Financial Group restated an “underweight” rating on shares of Sunoco in a research report on Thursday, November 9th. Mizuho restated a “sell” rating and issued a $29.00 price target on shares of Sunoco in a research report on Friday, October 20th. BidaskClub upgraded Sunoco from a “sell” rating to a “hold” rating in a research report on Saturday, August 26th. Finally, Deutsche Bank AG upgraded Sunoco from a “hold” rating to a “buy” rating and raised their price target for the company from $31.00 to $36.00 in a research report on Thursday, July 13th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company. Sunoco currently has an average rating of “Hold” and an average price target of $31.33.
Shares of Sunoco (NYSE:SUN) opened at $30.70 on Friday. Sunoco has a fifty-two week low of $21.01 and a fifty-two week high of $32.67. The company has a debt-to-equity ratio of 2.28, a current ratio of 4.02 and a quick ratio of 3.75. The company has a market capitalization of $3,577.59, a price-to-earnings ratio of 18.27 and a beta of 0.58.
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In other news, Director Stephen Pearce sold 70,000 shares of Sunoco stock in a transaction dated Friday, October 6th. The stock was sold at an average price of $0.43, for a total value of $30,100.00.
A number of institutional investors have recently added to or reduced their stakes in SUN. BB&T Investment Services Inc. acquired a new position in shares of Sunoco in the 2nd quarter valued at approximately $100,000. Ffcm LLC acquired a new position in shares of Sunoco in the 2nd quarter valued at approximately $112,000. The Manufacturers Life Insurance Company raised its position in shares of Sunoco by 24.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,262 shares of the oil and gas company’s stock valued at $191,000 after purchasing an additional 1,213 shares in the last quarter. Suntrust Banks Inc. acquired a new position in shares of Sunoco in the 2nd quarter valued at approximately $235,000. Finally, Hudson Valley Investment Advisors Inc. ADV bought a new stake in shares of Sunoco in the 2nd quarter valued at approximately $245,000. 26.50% of the stock is currently owned by hedge funds and other institutional investors.
Sunoco Company Profile
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.
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