Sunoco LP (NYSE:SUN) has been given an average recommendation of “Hold” by the eighteen brokerages that are presently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $30.63.

SUN has been the subject of several recent analyst reports. Raymond James restated a “buy” rating on shares of Sunoco in a research report on Monday, August 13th. Jefferies Financial Group upgraded Sunoco from an “underperform” rating to a “hold” rating and set a $30.00 target price for the company in a research report on Wednesday, July 18th. B. Riley set a $32.00 target price on Sunoco and gave the stock a “hold” rating in a research report on Monday, June 4th. Zacks Investment Research upgraded Sunoco from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 15th. Finally, Wells Fargo & Co reduced their target price on Sunoco from $30.00 to $29.00 and set a “market perform” rating for the company in a research report on Thursday, September 13th.

A number of hedge funds have recently modified their holdings of SUN. Optimum Investment Advisors bought a new stake in Sunoco during the first quarter worth about $102,000. BNP Paribas Arbitrage SA bought a new stake in Sunoco during the first quarter worth about $120,000. Winslow Evans & Crocker Inc. bought a new stake in Sunoco during the second quarter worth about $190,000. Quad Cities Investment Group LLC bought a new stake in Sunoco during the first quarter worth about $264,000. Finally, First Republic Investment Management Inc. bought a new stake in Sunoco during the second quarter worth about $271,000. 28.60% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE SUN traded up $0.04 during mid-day trading on Friday, hitting $28.23. The company had a trading volume of 349,003 shares, compared to its average volume of 261,634. Sunoco has a 1 year low of $24.46 and a 1 year high of $33.11. The company has a debt-to-equity ratio of 2.84, a quick ratio of 0.67 and a current ratio of 1.07. The stock has a market cap of $2.79 billion, a PE ratio of 12.33 and a beta of 0.79.

Sunoco (NYSE:SUN) last posted its earnings results on Wednesday, August 8th. The oil and gas company reported $0.58 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.01. Sunoco had a return on equity of 33.25% and a net margin of 0.86%. The business had revenue of $4.61 billion during the quarter, compared to analysts’ expectations of $3.99 billion. During the same period in the previous year, the business earned ($0.59) earnings per share. The firm’s revenue was up 59.3% on a year-over-year basis. sell-side analysts predict that Sunoco will post 2.3 EPS for the current year.

Sunoco Company Profile

Sunoco LP, together with its subsidiaries, engages in the wholesale distribution and retail sale of motor fuels primarily in the United States. The company operates through two segments, Wholesale and Retail. It serves convenience stores and commission agent locations, contracted independent convenience store operators, and other commercial customers.

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Analyst Recommendations for Sunoco (NYSE:SUN)

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