Sunoco LP (SUN) Receives a Buy from Robert W. Baird
Robert W. Baird analyst Ethan Bellamy reiterated a Buy rating on Sunoco LP (SUN) today and set a price target of $34. The company’s shares closed on Friday at $29.86.
Bellamy has an average return of 7.8% when recommending Sunoco LP.
According to TipRanks.com, Bellamy is ranked #4657 out of 5205 analysts.
Sunoco LP has an analyst consensus of Hold, with a price target consensus of $30.17, a 1.0% upside from current levels. In a report issued on February 22, UBS also upgraded the stock to Buy with a $33 price target.
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Based on Sunoco LP’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $3.88 billion and GAAP net loss of $72 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 26 insiders, corporate insider sentiment is neutral 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.