Sunoco Inc (NYSE:SUN) Has Just Had Its Target Raised by Investment Analysts at Jefferies & Co to $51.00

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Stock Analysis:Sunoco Inc (NYSE:SUN) Target Raised

In a very recent research note sent to investors and clients by Jefferies & Co on 3 December, Sunoco Inc (NYSE:SUN) had its Estimated Target Price boosted to $51.00. The firm presently has a solid Buy rating on shares.

From a total of 14 analysts covering Sunoco Inc. (NYSE:SUN) stock, 10 rate it a ”Buy”, 0 a “Sell”, and 5 a ”Hold”. This means that 67% of the ratings are positive. The highest target price is $60 while the lowest target price is $35. The mean of all analyst targets is $48.29 with a 32.41% above today’s ($36.25) stock price. Sunoco Inc. was the topic of 12 analyst reports since July 24, 2015 according to the firm StockzIntelligence Inc. RBC Capital Markets maintained shares on November 24 with “Outperform” rating. Evercore initiated SUN stock in a recent report from October 27 with “Hold” rating.

Approximately 147,911 shares of stock traded hands. Sunoco LP (NYSE:SUN) has declined 29.69% since April 30, 2015 and is downtrending. It has underperformed by 29.40% the S&P500.

Sunoco LP, formerly Susser Petroleum Partners LP, is engaged in the fee wholesale distribution of motor fuels to Susser and third parties in Texas, New Mexico, Oklahoma, Louisiana, Kansas, Maryland, Virginia, Tennessee, Georgia and Hawaii. The company has a market cap of $2.69 billion. The Firm is also engaged in the retail sale of motor fuel and the operation of convenience stores through its subsidiaries. It has 16.08 P/E ratio. It operates in two divisions: Wholesale activities segment, which sells motor fuel to its retail segment and external customers, and Retail activities segment, which operates convenience stores selling a variety of merchandise, food items, services and motor fuel.

According to Zacks Investment Research, “Sunoco LP operates as a wholesale fuel distributor. It engages in distributing motor fuel to convenience stores, independent dealers, commercial customers and distributors. The Company also operates convenience stores and retail fuel sites. Sunoco LP, formerly known as Susser Petroleum Partners LP, is based in Houston, Texas.” Get a free copy of the Zacks research report on Sunoco LP (SUN).

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