Brokerages Set SunocoCorp LLC (NYSE:SUNC) Price Target at $78.50

Shares of SunocoCorp LLC (NYSE:SUNC) have received a consensus recommendation of “Buy” from the five analysts that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $78.50.

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

SunocoCorp Trading Up 0.0%

SunocoCorp stock opened at $76.30 on Friday. SunocoCorp has a 12 month low of $47.00 and a 12 month high of $77.55. The company has a 50 day moving average price of $68.63. 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 firm has a market capitalization of $3.93 billion and a P/E ratio of 35.82.

SunocoCorp (NYSE:SUNC) last released its quarterly earnings results on Tuesday, May 5th. The company reported $2.13 earnings per share for the quarter, topping 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, equities research analysts predict that SunocoCorp will post 6.88 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in SUNC. Goldman Sachs Group Inc. acquired a new stake in shares of SunocoCorp in the fourth quarter valued at approximately $126,936,000. Millennium Management LLC acquired a new stake in SunocoCorp during the fourth quarter worth approximately $76,886,000. Norges Bank acquired a new stake in SunocoCorp during the fourth quarter worth approximately $74,696,000. Morgan Stanley bought a new position in SunocoCorp during the 4th quarter worth $73,776,000. Finally, Engine Capital Management LP bought a new position in SunocoCorp during the 4th quarter worth $67,976,000.

About SunocoCorp

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