Sunoco LP (NYSE:SUN) has been downgraded to Strong Sell in a statement by Zacks Investment Research earlier today.
- Updated: October 9, 2016
Zacks Investment Research has downgraded Sunoco LP (NYSE:SUN) to Strong Sell in a statement released on 10/5/2016.
On 9/30/2016, Mizuho Securities released a statement for Sunoco LP (NYSE:SUN) bumped up the target price from $0.00 to $31.00 that suggested an upside of 0.06%.
Boasting a price of $28.77, Sunoco LP (NYSE:SUN) traded -0.46% lower on the day. With the last stock price close down -9.50% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Sunoco LP has recorded a 50-day average of $29.78 and a two hundred day average of $31.36. Volume of trade was down over the average, with 233,660 shares of SUN changing hands under the typical 511,332
With a total market value of $0, Sunoco LP has price-earnings ratio of 23.83 with a one year low of $22.86 and a one year high of $40.06 .
A total of 15 equity analysts have released a research note on SUN. Four equity analysts rating the company a strong buy, six equity analysts rating the company a buy, five equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally one equity analyst rating the company a sell with a one year target of $40.40.
More About Sunoco LP (NYSE:SUN)
Sunoco LP, formerly Susser Petroleum Partners LP, is engaged in the retail sale of motor fuels and merchandise through the Company-operated convenience stores and retail fuel sites, as well as the wholesale distribution of motor fuels to convenience stores, independent dealers, commercial customers and distributors. The Company operates through two segments: wholesale and retail. The Wholesale operations segment sells motor fuel to its retail segment and external customers. The Retail operations segment operates convenience stores selling a range of merchandise, food items, services and motor fuel. It operates over 900 convenience stores and fuel outlets in over eight states. It distributes over 7.6 billion gallons of motor fuel through its convenience stores and consignment locations, contracted independent convenience store operators, and other commercial customers. Its retail convenience stores operate under brands, including Stripes and Aloha Island Mart.
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