Discussion stirs around Sunoco LP (NYSE:SUN) this week; here is what analysts are saying.

April 17, 2018 - By Dolores Ford

Investors sentiment increased to 1.02 in 2017 Q4. Its up 0.18, from 0.84 in 2017Q3. It increased, as 19 investors sold Sunoco LP shares while 26 reduced holdings. 27 funds opened positions while 19 raised stakes. 28.81 million shares or 1.64% less from 29.29 million shares in 2017Q3 were reported.
Barclays Public Ltd Company reported 19,028 shares. Royal Bank & Trust Of Canada accumulated 0% or 36,668 shares. Sei Invests Communication has invested 0% in Sunoco LP (NYSE:SUN). Kayne Anderson Advsrs Limited Partnership owns 0.01% invested in Sunoco LP (NYSE:SUN) for 14,900 shares. Koch Industries holds 0.08% or 18,197 shares. 108,300 are held by State Of New Jersey Common Pension Fund D. Farmers Bancshares stated it has 500 shares or 0.02% of all its holdings. Arrow Inv Advsrs Ltd has invested 0.18% of its portfolio in Sunoco LP (NYSE:SUN). Clearbridge Invs Ltd owns 494,900 shares. Natl Bank Of Montreal Can reported 425,097 shares. Moreover, Hussman Strategic has 0.16% invested in Sunoco LP (NYSE:SUN) for 20,000 shares. California Public Employees Retirement Sys stated it has 0% in Sunoco LP (NYSE:SUN). Goldman Sachs Group owns 2.25 million shares. Natixis, France-based fund reported 64,400 shares. Raymond James & holds 0% of its portfolio in Sunoco LP (NYSE:SUN) for 53,879 shares.

Sunoco LP (NYSE:SUN) Ratings Coverage

Among 13 analysts covering Sunoco LP (NYSE:SUN), 4 have Buy rating, 3 Sell and 6 Hold. Therefore 31% are positive. Sunoco LP had 15 analyst reports since November 8, 2017 according to SRatingsIntel. On Wednesday, March 14 the stock rating was downgraded by Goldman Sachs to “Sell”. The stock of Sunoco LP (NYSE:SUN) earned “Underweight” rating by Mitsubishi UFJ on Thursday, November 9. Barclays Capital maintained it with “Overweight” rating and $34 target in Wednesday, April 4 report. MUFG Securities Americas Inc downgraded Sunoco LP (NYSE:SUN) rating on Wednesday, November 8. MUFG Securities Americas Inc has “Sell” rating and $31.0 target. J.P. Morgan upgraded it to “Buy” rating and $34.0 target in Tuesday, January 9 report. RBC Capital Markets maintained the stock with “Buy” rating in Tuesday, January 16 report. Goldman Sachs upgraded the stock to “Neutral” rating in Monday, December 18 report. The rating was initiated by Janney Capital with “Hold” on Friday, January 19. The company was upgraded on Tuesday, January 9 by JP Morgan. The stock of Sunoco LP (NYSE:SUN) earned “Neutral” rating by Citigroup on Tuesday, March 27. Below is a list of Sunoco LP (NYSE:SUN) latest ratings and price target changes.

04/04/2018 Broker: Barclays Capital Old Rating: Overweight New Rating: Overweight Old Target: $37 New Target: $34 Maintain
27/03/2018 Broker: Citigroup Old Rating: Neutral New Rating: Neutral Old Target: $31 New Target: $26 Maintain
14/03/2018 Broker: Goldman Sachs Old Rating: Neutral New Rating: Sell Downgrade
02/03/2018 Broker: UBS Old Rating: Neutral New Rating: Neutral Old Target: $30 New Target: $29 Maintain
19/01/2018 Broker: Janney Capital Rating: Hold New Target: $33.0 Initiate
16/01/2018 Broker: RBC Capital Markets Rating: Buy New Target: $36.0 Maintain
09/01/2018 Broker: J.P. Morgan Rating: Buy New Target: $34.0 Upgrade
09/01/2018 Broker: JP Morgan Old Rating: Neutral New Rating: Overweight Upgrade
05/01/2018 Broker: Credit Suisse Rating: Neutral New Target: $28 Initiates Coverage On
20/12/2017 Broker: Jefferies Rating: Hold New Target: $29.0 Maintain

The stock increased 1.14% or $0.32 during the last trading session, reaching $28.45. About 278,418 shares traded. Sunoco LP (NYSE:SUN) has risen 8.23% since April 17, 2017 and is uptrending. It has underperformed by 3.32% the S&P500.

Sunoco LP, together with its subsidiaries, engages in the wholesale distribution and retail sale of motor fuels primarily in the United States. The company has market cap of $2.35 billion. The firm operates through two divisions, Wholesale and Retail. It has a 82.46 P/E ratio. It serves convenience stores and consignment locations, contracted independent convenience store operators, and other commercial customers.

Sunoco LP (NYSE:SUN) Ratings Chart

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