SunocoCorp (NYSE:SUNC) Coverage Initiated by Analysts at Mizuho

Mizuho initiated coverage on shares of SunocoCorp (NYSE:SUNC) in a report published on Friday, MarketBeat Ratings reports. The brokerage issued an outperform rating and a $83.00 price target on the stock.

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

SunocoCorp Trading Up 0.7%

SUNC stock opened at $76.30 on Friday. The company has a market cap of $3.93 billion and a PE ratio of 35.82. SunocoCorp has a 12-month low of $47.00 and a 12-month high of $77.55. 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 company has a 50 day simple moving average of $68.63.

SunocoCorp (NYSE:SUNC) last issued its 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 business had revenue of $10.69 billion for the quarter, compared to analysts’ expectations of $9.56 billion. On average, research analysts predict that SunocoCorp will post 6.88 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. QV Investors Inc. purchased a new position in SunocoCorp in the fourth quarter worth about $58,528,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of SunocoCorp during the 4th quarter valued at about $606,000. TD Waterhouse Canada Inc. bought a new position in shares of SunocoCorp in the 4th quarter worth approximately $949,000. Arizona State Retirement System bought a new position in SunocoCorp in the fourth quarter worth approximately $571,000. Finally, UBS Group AG purchased a new position in shares of SunocoCorp during the 4th quarter worth $49,908,000.

SunocoCorp Company Profile

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