Sunoco (SUN) Receives a Rating Update from a Top Analyst

RBC Capital analyst Elvira Scotto maintained a Buy rating on Sunoco (SUN – Research Report) yesterday and set a price target of $60.00. The company’s shares closed yesterday at $55.90.

Scotto covers the Energy sector, focusing on stocks such as Archrock, Cheniere Energy, and Cheniere Energy Partners. According to TipRanks, Scotto has an average return of 18.0% and a 64.42% success rate on recommended stocks.

Sunoco has an analyst consensus of Hold, with a price target consensus of $61.67.

The company has a one-year high of $64.89 and a one-year low of $39.95. Currently, Sunoco has an average volume of 467.9K.

Based on the recent corporate insider activity of 22 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SUN in relation to earlier this year.

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Sunoco (SUN) Company Description:

Sunoco LP engages in the management and distribution of fuel products. It operates through the Fuel Distribution, Marketing and Other segments. The motor Fuel Distribution segment supplies fuels and other petroleum products third-party dealers and distributors, independent operators of commission agent, other commercial consumers of motor fuel and to retail locations. The Marketing segment offer dealers the opportunity to participate in merchandise purchasing and promotional programs arranged with vendors. Other segment includes the Partnership’s retail operations in Hawaii and New Jersey, credit card services, and franchise royalties. The company was founded in June 2012 and is headquartered in Dallas, TX.