A statement released earlier today by Mizuho Securities about Sunoco Logistics (NYSE:SXL) ups the target price to $30.00
- Updated: September 30, 2016
Yesterday Sunoco Logistics (NYSE:SXL) traded 2.05% higher at $27.84. The company’s 50-day moving average is $29.44 and its 200-day moving average is $28.01. The last stock close price is down 1.42% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 1,873,344 shares of the stock were exchanged, up from an average trading volume of 1,316,270
Stating a potential upside of 0.08%, Mizuho Securities increased the stock price target of Sunoco Logistics (NYSE:SXL) to $30.00
See Chart Below
Sunoco Logistics has a 52 week low of $15.43 and a 52 week high of $32.89 with a P/E ratio of 103.31 The company’s market cap is currently $0.
In addition to Mizuho Securities reporting its target price, a total of 17 firms have reported on the stock. The consensus target price is $32.88 with 5 firms rating the stock a strong buy, 9 firms rating the stock a buy, 4 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 1 firm rating the stock a sell.
About Sunoco Logistics (NYSE:SXL)
Sunoco Logistics Partners L.P. owns and operates a logistics business. The Company is engaged in the transport, terminalling and storage of crude oil, refined products and natural gas liquids (NGLs). The Company's segments include Crude Oil, Natural Gas Liquids and Refined Products. 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. The Crude Oil segment provides transportation, terminalling and acquisition and marketing services to crude oil markets throughout the southwest, midwest and northeastern United States. The Natural Gas Liquids segment transports, stores, and executes acquisition and marketing activities. The Refined Products segment provides transportation and terminalling services, using approximately 1,800 miles of refined products pipelines and approximately 40 active refined products marketing terminals.
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