Sunoco LP [NYSE: SUN] slipped around -0.83 points on Thursday, while shares priced at $52.90 at the close of the session, down -1.54%.
Compared to the average trading volume of 624.12K shares, SUN reached a trading volume of 2869848 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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What do top market gurus say about Sunoco LP [SUN]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SUN shares is $61.75 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SUN stock is a recommendation set at 1.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Citigroup have made an estimate for Sunoco LP shares, keeping their opinion on the stock as Buy, with their previous recommendation back on June 18, 2024. While these analysts kept the previous recommendation, Barclays raised their target price to Overweight. The new note on the price target was released on June 10, 2024, representing the official price target for Sunoco LP stock. Previously, the target price had yet another raise to $62, while Stifel analysts kept a Buy rating on SUN stock. On June 05, 2024, analysts increased their price target for SUN shares from 60 to 61.
The Average True Range (ATR) for Sunoco LP is set at 1.49, with the Price to Sales ratio for SUN stock in the period of the last 12 months amounting to 0.30. The Price to Book ratio for the last quarter was 1.66, with the Price to Cash per share for the same quarter was set at 1.67. Price to Free Cash Flow for SUN in the course of the last twelve months was 20.53 with Quick ratio for the last quarter at 0.72.
How has SUN stock performed recently?
Sunoco LP [SUN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.20. With this latest performance, SUN shares dropped by -5.91% in over the last four-week period, additionally sinking by -12.16% over the last 6 months – not to mention a rise of 14.83% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SUN stock in for the last two-week period is set at 35.80, with the RSI for the last a single of trading hit 30.55, and the three-weeks RSI is set at 39.97 for Sunoco LP [SUN]. The present Moving Average for the last 50 days of trading for this stock 54.85, while it was recorded at 53.41 for the last single week of trading, and 56.47 for the last 200 days.
Sunoco LP [SUN]: Deeper insight into the fundamentals
Sunoco LP’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.72 and a Current Ratio set at 1.26.
Earnings analysis for Sunoco LP [SUN]
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SUN. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Sunoco LP go to 26.70%.
Insider trade positions for Sunoco LP [SUN]
The top three institutional holders of SUN stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in SUN stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in SUN stock with ownership which is approximately 5.1238%.
