Sunoco Logistics Partners L.P. (SXL) Receives $30.33 Consensus Target Price from Analysts

Shares of Sunoco Logistics Partners L.P. (NYSE:SXL) have received a consensus rating of “Hold” from the eighteen brokerages that are covering the company. One research analyst has rated the stock with a sell recommendation, nine have issued a hold recommendation and eight have given a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $30.50.

Several equities analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Sunoco Logistics Partners L.P. from a “hold” rating to a “buy” rating and set a $29.00 target price for the company in a research report on Monday, January 30th. Mizuho upgraded shares of Sunoco Logistics Partners L.P. from a “neutral” rating to a “buy” rating and set a $30.00 target price for the company in a research report on Monday, February 27th. Credit Suisse Group AG assumed coverage on shares of Sunoco Logistics Partners L.P. in a research report on Tuesday, February 28th. They issued an “outperform” rating and a $31.00 target price for the company. BMO Capital Markets cut shares of Sunoco Logistics Partners L.P. from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $35.00 to $26.00 in a research report on Tuesday, January 24th. Finally, Scotiabank restated a “buy” rating and issued a $28.00 target price on shares of Sunoco Logistics Partners L.P. in a research report on Monday, April 3rd.

Large investors have recently bought and sold shares of the company. Hartford Financial Management Inc. raised its stake in Sunoco Logistics Partners L.P. by 173.1% in the first quarter. Hartford Financial Management Inc. now owns 4,260 shares of the pipeline company’s stock worth $104,000 after buying an additional 2,700 shares in the last quarter. CENTRAL TRUST Co raised its stake in Sunoco Logistics Partners L.P. by 1.0% in the third quarter. CENTRAL TRUST Co now owns 5,067 shares of the pipeline company’s stock worth $144,000 after buying an additional 51 shares in the last quarter. Bollard Group LLC raised its stake in Sunoco Logistics Partners L.P. by 1.7% in the third quarter. Bollard Group LLC now owns 5,532 shares of the pipeline company’s stock worth $157,000 after buying an additional 91 shares in the last quarter. Patriot Financial Group Insurance Agency LLC purchased a new stake in Sunoco Logistics Partners L.P. during the fourth quarter worth approximately $180,000. Finally, Mosaic Family Wealth LLC raised its stake in Sunoco Logistics Partners L.P. by 14.0% in the third quarter. Mosaic Family Wealth LLC now owns 7,000 shares of the pipeline company’s stock worth $199,000 after buying an additional 859 shares in the last quarter. 64.42% of the stock is currently owned by hedge funds and other institutional investors.

Sunoco Logistics Partners L.P. (NYSE:SXL) traded down 0.51% during midday trading on Tuesday, hitting $23.47. The stock had a trading volume of 1,938,774 shares. The stock has a market cap of $7.79 billion, a PE ratio of 23.97 and a beta of 1.12. The firm has a 50 day moving average price of $24.19 and a 200 day moving average price of $25.01. Sunoco Logistics Partners L.P. has a one year low of $22.07 and a one year high of $31.49.

Sunoco Logistics Partners L.P. (NYSE:SXL) last issued its earnings results on Wednesday, February 22nd. The pipeline company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.22 by $0.07. The company earned $2.92 billion during the quarter, compared to analysts’ expectations of $2.37 billion. Sunoco Logistics Partners L.P. had a net margin of 6.16% and a return on equity of 6.58%. The business’s revenue for the quarter was up 26.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.21 EPS. Equities analysts expect that Sunoco Logistics Partners L.P. will post $0.93 EPS for the current year.

ILLEGAL ACTIVITY WARNING: This piece was originally posted by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are reading this piece on another site, it was stolen and republished in violation of international trademark and copyright law. The original version of this piece can be viewed at https://www.chaffeybreeze.com/2017/04/21/brokerages-set-sunoco-logistics-partners-l-p-sxl-target-price-at-30-33-updated.html.

About Sunoco Logistics Partners L.P.

Sunoco Logistics Partners L.P. owns and operates a logistics business. The Company is engaged in the transport, terminaling and storage of crude oil, refined products and natural gas liquids (NGLs). The Company’s segments include Crude Oil, Natural Gas Liquids and Refined Products. In addition to logistics services, it also owns acquisition and marketing assets.

5 Day Chart for NYSE:SXL

Receive News & Ratings for Sunoco Logistics Partners L.P. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sunoco Logistics Partners L.P. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply