Mizuho Begins Coverage on SunocoCorp (NYSE:SUNC)

Equities research analysts at Mizuho started coverage on shares of SunocoCorp (NYSE:SUNC) in a note issued to investors on Friday, MarketBeat.com reports. The firm set an “outperform” rating and a $83.00 price target on the stock. Mizuho’s price target indicates a potential upside of 8.78% from the company’s current price.

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

SunocoCorp Trading Up 0.7%

Shares of SunocoCorp stock opened at $76.30 on Friday. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.40 and a quick ratio of 0.92. The stock has a market capitalization of $3.93 billion and a price-to-earnings ratio of 35.82. The firm’s fifty day moving average price is $68.63. SunocoCorp has a 12 month low of $47.00 and a 12 month high of $77.55.

SunocoCorp (NYSE:SUNC) last announced its earnings results on Tuesday, May 5th. The company reported $2.13 EPS for the quarter, beating analysts’ consensus estimates of $1.66 by $0.47. The business had revenue of $10.69 billion for the quarter, compared to the consensus estimate of $9.56 billion. Analysts predict that SunocoCorp will post 6.88 earnings per share for the current year.

Hedge Funds Weigh In On SunocoCorp

Several institutional investors and hedge funds have recently modified their holdings of SUNC. Goldman Sachs Group Inc. bought a new position in SunocoCorp in the 4th quarter worth about $126,936,000. Millennium Management LLC bought a new stake in SunocoCorp during the 4th quarter valued at about $76,886,000. Norges Bank bought a new stake in SunocoCorp during the 4th quarter valued at about $74,696,000. Morgan Stanley bought a new stake in SunocoCorp during the 4th quarter valued at about $73,776,000. Finally, Engine Capital Management LP purchased a new position in SunocoCorp in the fourth quarter worth about $67,976,000.

SunocoCorp Company Profile

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