SunocoCorp LLC (NYSE:SUNC) Receives Consensus Rating of “Buy” from Analysts

SunocoCorp LLC (NYSE:SUNC) has been assigned an average recommendation of “Buy” from the five analysts that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $78.50.

A number of research firms have recently weighed in on SUNC. Citigroup increased their price target on SunocoCorp from $65.00 to $73.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Raymond James Financial reissued a “strong-buy” rating and set a $80.00 price target on shares of SunocoCorp in a report on Wednesday, May 6th. Mizuho started coverage on shares of SunocoCorp in a research note on Friday. They issued an “outperform” rating and a $83.00 price objective for the company. Barclays boosted their price objective on shares of SunocoCorp from $75.00 to $78.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 14th. Finally, Zacks Research upgraded shares of SunocoCorp from a “strong sell” rating to a “hold” rating in a report on Friday, June 19th.

SunocoCorp Stock Up 1.8%

Shares of NYSE:SUNC traded up $1.33 during trading on Friday, hitting $77.08. The stock had a trading volume of 28,884 shares, compared to its average volume of 510,829. The company has a quick ratio of 0.92, a current ratio of 1.40 and a debt-to-equity ratio of 1.67. The business’s 50-day moving average price is $68.54. SunocoCorp has a 12-month low of $47.00 and a 12-month high of $77.00. The firm has a market capitalization of $3.97 billion and a PE ratio of 36.19.

SunocoCorp (NYSE:SUNC) last released its quarterly earnings results on Tuesday, May 5th. The company reported $2.13 EPS for the quarter, beating the consensus estimate of $1.66 by $0.47. The firm had revenue of $10.69 billion for the quarter, compared to analyst estimates of $9.56 billion. As a group, sell-side analysts forecast that SunocoCorp will post 6.88 earnings per share for the current year.

Hedge Funds Weigh In On SunocoCorp

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd acquired a new position in SunocoCorp in the fourth quarter worth $43,000. Walnut Private Equity Partners LLC grew its position in SunocoCorp by 11.8% during the 2nd quarter. Walnut Private Equity Partners LLC now owns 9,500 shares of the company’s stock worth $643,000 after purchasing 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 valued at $5,883,000 after purchasing an additional 1,324 shares during the period. SG Americas Securities LLC acquired a new position in SunocoCorp in the 1st quarter valued at approximately $112,000. Finally, Deutsche Bank AG bought a new stake in shares of SunocoCorp in the 4th quarter valued at approximately $92,000.

About SunocoCorp

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