What 4 Analyst Ratings Have To Say About Sunoco
Portfolio Pulse from Benzinga Insights
Sunoco (NYSE:SUN) has received varied analyst ratings over the last quarter, with recent updates showing a positive trend in price targets. The average 12-month price target is now $58.5, up 7.34% from the previous $54.50. Analysts from Mizuho, Barclays, and Raymond James have raised their price targets, with the highest being $64.00. Sunoco's financial performance shows a decline in revenue growth by -4.16% over 3 months, a below-industry net margin of 3.97%, but strong ROE and ROA figures of 23.04% and 3.55%, respectively. The company faces challenges with a high debt-to-equity ratio of 3.69.
January 17, 2024 | 6:00 pm
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Analysts have raised their price targets for Sunoco, indicating a positive outlook. The company's strong ROE and ROA are positive, but revenue decline and high debt are concerns.
The raised price targets from analysts suggest a bullish sentiment, which could lead to a short-term positive impact on SUN's stock price. However, the financial challenges such as revenue decline and high debt-to-equity ratio may temper the stock's performance. The strong ROE and ROA are positive indicators that may reassure investors about the company's financial management.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100