Sunoco LP (SUN) Gets a Hold Rating from Jefferies


Jefferies analyst Christopher Sighinolfi reiterated a Hold rating on Sunoco LP (SUN) yesterday and set a price target of $29. The company’s shares opened today at $30.34.

According to TipRanks.com, Sighinolfi is a 5-star analyst with an average return of 10.9% and a 67.7% success rate. Sighinolfi covers the Basic Materials sector, focusing on stocks such as Dcp Midstream Partners Lp, EnLink Midstream Partners, and Targa Resources Corp.

Sunoco LP has an analyst consensus of Hold, with a price target consensus of $28.67.

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Based on Sunoco LP’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $4.76 billion and net profit of $93 million. In comparison, last year the company earned revenue of $4.39 billion and had a net profit of $202 million.

Based on the recent corporate insider activity of 25 insiders, corporate insider sentiment is negative on the stock.

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Sunoco LP engages in the management and distribution of fuel products. It operates through the Wholesale and Retail segments. The Wholesale segment purchases fuel from a number of refiners and supplies it to its retail, affiliates, independently-operated dealer stations and to other end users of motor fuel.