Sunoco Logistics Partners LP (NYSE:SXL) Has Just Had Its Target Price per Share Decreased by Equity Research Analysts at Jefferies & Co to $36.00

Share

Analysis: Sunoco Logistics Partners LP (NYSE:SXL) Upside Target Change Today

In an analyst note revealed to clients and investors by Jefferies & Co on Thursday, 3 December, the firm, Sunoco Logistics Partners LP (NYSE:SXL), had their target price downgraded to $36.00. Analusts at present have a solid Buy rating on the stock.

From a total of 15 analysts covering Sunoco Logistics (NYSE:SXL) stock, 12 rate it a ”Buy”, 0 a “Sell”, and 3 a ”Hold”. This means that 80% of the ratings are positive. The highest target price is $60 while the lowest target price is $34. The mean of all analyst targets is $41.87 with a 61.50% above today’s ($26.83) stock price. Sunoco Logistics was the topic of 10 analyst reports since August 7, 2015 according to the firm StockzIntelligence Inc. Howard Weil initiated shares on October 19 with “Sector Outperform” rating.

Approximately 393,460 shares of stock traded hands. Sunoco Logistics Partners L.P. (NYSE:SXL) has declined 37.56% since April 30, 2015 and is downtrending. It has underperformed by 37.27% the S&P500.

Sunoco Logistics Partners L.P. owns and operates a logistics business. The company has a market cap of $7.45 billion. The Firm is engaged in the transport, terminalling and storage of crude oil, refined products and natural gas liquids . It currently has negative earnings. In addition to logistics services, it also owns acquisition and marketing assets, which are used to facilitate the purchase and sale of crude oil, refined products and NGLs.

According to Zacks Investment Research, “Sunoco Logistics Partners L.P. is a limited partnership recently formed by Sunoco, Inc. to acquire, own, and operate a geographically diverse and complementary group of refined product and crude oil pipelines and terminal facilities.” Get a free copy of the Zacks research report on Sunoco Logistics Partners L.P. (SXL).

COMMENTS: