SunocoCorp (NYSE:SUNC) Raised to Strong-Buy at Mizuho

SunocoCorp (NYSE:SUNC) was upgraded by research analysts at Mizuho to a “strong-buy” rating in a research report issued to clients and investors on Friday,Zacks.com reports.

A number of other equities research analysts have also recently issued reports on the stock. Citigroup upped their price target on shares of SunocoCorp from $65.00 to $73.00 and gave the company a “buy” rating in a report on Friday, May 8th. Barclays lifted their price objective on SunocoCorp from $75.00 to $78.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 14th. Raymond James Financial reissued a “strong-buy” rating and set a $80.00 price objective on shares of SunocoCorp in a research report on Wednesday, May 6th. Finally, Zacks Research upgraded SunocoCorp from a “strong sell” rating to a “hold” rating in a research note on Friday, June 19th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $78.50.

SunocoCorp Trading Up 0.7%

NYSE SUNC opened at $76.30 on Friday. SunocoCorp has a 1 year low of $47.00 and a 1 year high of $77.55. The business’s fifty day moving average price is $68.63. The company has a current ratio of 1.40, a quick ratio of 0.92 and a debt-to-equity ratio of 1.67. The company has a market cap of $3.93 billion and a P/E ratio of 35.82.

SunocoCorp (NYSE:SUNC) last announced its earnings results on Tuesday, May 5th. The company reported $2.13 EPS for the quarter, topping the consensus estimate of $1.66 by $0.47. The firm had revenue of $10.69 billion during the quarter, compared to the consensus estimate of $9.56 billion. Equities research analysts forecast that SunocoCorp will post 6.88 EPS for the current fiscal year.

Institutional Trading of SunocoCorp

Hedge funds and other institutional investors have recently bought and sold shares of the stock. QV Investors Inc. acquired a new position in shares of SunocoCorp during the fourth quarter valued at about $58,528,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in SunocoCorp during the fourth quarter worth about $606,000. UBS Group AG bought a new position in SunocoCorp during the fourth quarter valued at about $49,908,000. Truist Financial Corp bought a new position in SunocoCorp during the fourth quarter valued at about $2,004,000. Finally, Norges Bank bought a new position in SunocoCorp during the fourth quarter valued at about $74,696,000.

About SunocoCorp

Sunoco LP is an energy infrastructure and fuel distribution master limited partnership. Sunoco LP is based in DALLAS.