Sunoco LP [SUN] stock is trading at $64.19, up 2.77%. An important factor to consider is whether the stock is rising or falling in short-term value. The SUN shares have gain 6.75% over the last week, with a monthly amount glided 4.97%, and seem to be holding up well over a long-time horizon.
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On 16, February 2024, Sunoco LP Files 2023 Annual Report on Form 10-K. In a post published today on Yahoo Finance, Sunoco LP (NYSE: SUN) (“SUN” or the “Partnership”) on February 16, 2024, filed operational and financial results for the fiscal year ended December 31, 2023, on Form 10-K with the U.S. Securities and Exchange Commission. The Annual Report on Form 10-K is available in the Investor Relations section of the Partnership’s website at www.sunocolp.com under “SEC Filings & Financial Reports,” as well as on the SEC’s website at www.sec.gov.
From an analyst’s perspective:
Sunoco LP [NYSE: SUN] stock has seen the most recent analyst activity on February 27, 2024, when Citigroup downgraded its rating to a Neutral but kept the price target unchanged to $65 for it. Previously, Stifel downgraded its rating to Hold on February 20, 2024, and kept the price target unchanged to $62. On January 24, 2024, upgrade upgraded it’s rating to Buy but maintained its price target of $65 on the stock. Mizuho downgraded its rating to a Neutral but stick to its price target of $53 on September 29, 2023. Wells Fargo upgraded its rating to a Equal Weight and raised its price target to $47 on December 16, 2022. Citigroup started tracking with a Neutral rating for this stock on December 09, 2022, and assigned it a price target of $44. In a note dated June 24, 2022, Mizuho upgraded an Buy rating on this stock and revised its target price from $46 to $44.
Sunoco LP [SUN] stock has fluctuated between $40.81 and $63.96 over the past year. Currently, Wall Street analysts expect the stock to reach $45.25 within the next 12 months. Sunoco LP [NYSE: SUN] shares were valued at $64.19 at the most recent close of the market. An investor can expect a potential drop of -29.51% based on the average SUN price forecast.
Analyzing the SUN fundamentals
Sunoco LP [NYSE:SUN] reported sales of 23.07B for the trailing twelve months, which represents a drop of -4.68%. Gross Profit Margin for this corporation currently stands at 0.05% with Operating Profit Margin at 0.02%, Pretax Profit Margin comes in at 0.02%, and Net Profit Margin reading is 0.01%. To continue investigating profitability, this company’s Return on Assets is posted at 0.05, Equity is 0.3 and Total Capital is 0.1. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 3.59.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 62.94 points at the first support level, and at 61.70 for the second support level. However, for the 1st resistance point, the stock is sitting at 65.16, and for the 2nd resistance point, it is at 66.14.
Sunoco LP [SUN] reported earnings per share of -$1.5 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.13/share, meaning a difference of -$2.63 and a surprise factor of -232.70%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $2.95 per share as compared to estimates of $1.26 per share, a difference of $1.69 representing a surprise of 134.10%.
Ratios To Look Out For
For context, Sunoco LP’s Current Ratio is 1.40. On the other hand, the Quick Ratio is 0.76, and the Cash Ratio is 0.02. Considering the valuation of this stock, the price to sales ratio is 0.23, the price to book ratio is 5.54 and price to earnings (TTM) ratio is 17.64.
Transactions by insiders
Recent insider trading involved Dodderer Arnold, GC & Asst. Sec., that happened on Dec 05 ’23 when 7832.0 shares were sold.
