That’s why I Feel Comfortable With Sun Communities, Inc.’s (SUI) Future

A share price of Sun Communities, Inc. [SUI] is currently trading at $133.71, up 2.66%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The SUI shares have gain 6.90% over the last week, with a monthly amount drifted -8.36%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Sun Communities, Inc. [NYSE: SUI] stock has seen the most recent analyst activity on September 16, 2024, when Evercore ISI downgraded its rating to a In-line and also boosted its price target to $149 from $144. Previously, Deutsche Bank started tracking the stock with Hold rating on January 30, 2024, and set its price target to $129. On January 16, 2024, downgrade downgraded it’s rating to Hold and revised its price target to $143 on the stock. Compass Point started tracking the stock assigning a Neutral rating and suggested a price target of $125 on October 10, 2023. BofA Securities downgraded its rating to a Neutral and reduced its price target to $128 on October 02, 2023. Wolfe Research upgraded its rating to Outperform for this stock on July 12, 2023, but kept the price target unchanged to $155. In a note dated March 29, 2023, Wells Fargo initiated an Equal Weight rating and provided a target price of $151 on this stock.

Sun Communities, Inc. experienced fluctuations in its stock price throughout the past year between $102.74 and $147.83. Currently, Wall Street analysts expect the stock to reach $194 within the next 12 months. Sun Communities, Inc. [NYSE: SUI] shares were valued at $133.71 at the most recent close of the market. An investor can expect a potential return of 45.09% based on the average SUI price forecast.

Analyzing the SUI fundamentals

Trailing Twelve Months sales for Sun Communities, Inc. [NYSE:SUI] were 3.26B which represents 0.27% growth. Gross Profit Margin for this corporation currently stands at 0.41% with Operating Profit Margin at 0.38%, Pretax Profit Margin comes in at 0.04%, and Net Profit Margin reading is 0.03%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.02 and Total Capital is 0.09. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.14.

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 131.33 points at the first support level, and at 128.95 for the second support level. However, for the 1st resistance point, the stock is sitting at 135.22, and for the 2nd resistance point, it is at 136.73.

Ratios To Look Out For

Considering the valuation of this stock, the price to sales ratio is 5.12, the price to book ratio is 2.42 and price to earnings (TTM) ratio is 156.96.

Transactions by insiders

Recent insider trading involved Underwood Baxter, CEO – Safe Harbor Marinas, LLC, that happened on Aug 05 ’24 when 3000.0 shares were sold. Director, Leupold Craig completed a deal on Mar 28 ’24 to sell 2500.0 shares. Meanwhile, CEO – Safe Harbor Marinas, LLC Underwood Baxter sold 4000.0 shares on Mar 22 ’24.

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