Sunoco LP, together with its subsidiaries, engages in the wholesale distribution and retail sale of motor fuels primarily in the United States. The company has market cap of $2.89 billion. The firm operates through two divisions, Wholesale and Retail. It currently has negative earnings. It serves convenience stores and consignment locations, contracted independent convenience store operators, and other commercial customers.
The financial firm have set TP of GBX 350.00 on Morgan Advanced Materials (LON:MGAM) shares. This is 9.20% from the previous stock close. In analysts note sent to clients and investors on 5 December, Numis restate their “Hold” rating on shares of MGAM.
Analysts await Sunoco LP (NYSE:SUN) to report earnings on February, 28. They expect $0.50 earnings per share, down 39.76% or $0.33 from last year’s $0.83 per share. SUN’s profit will be $49.74 million for 14.54 P/E if the $0.50 EPS becomes a reality. After $1.02 actual earnings per share reported by Sunoco LP for the previous quarter, Wall Street now forecasts -50.98% negative EPS growth.
The stock decreased 1.26% or $0.37 during the last trading session, reaching $29.08. About 315,663 shares traded. Sunoco LP (SUN) has declined 6.50% since December 5, 2016 and is downtrending. It has underperformed by 23.20% the S&P500.
Adams Asset Advisors Llc holds 1.29% of its portfolio in Sunoco LP for 286,703 shares. Spirit Of America Management Corp Ny owns 213,729 shares or 0.71% of their US portfolio. Moreover, Quinn Opportunity Partners Llc has 0.43% invested in the company for 83,025 shares. The New Jersey-based Groesbeck Investment Management Corp Nj has invested 0.34% in the stock. Duff & Phelps Investment Management Co, a Illinois-based fund reported 758,000 shares.
Among 16 analysts covering Morgan Advanced Materials (LON:MGAM), 5 have Buy rating, 3 Sell and 8 Hold. Therefore 31% are positive. Morgan Advanced Materials has GBX 445 highest and GBX 194 lowest target. GBX 317.44’s average target is -1.29% below currents GBX 321.6 stock price. Morgan Advanced Materials had 87 analyst reports since July 22, 2015 according to SRatingsIntel. Numis Securities upgraded Morgan Advanced Materials plc (LON:MGAM) on Friday, February 24 to “Add” rating. The rating was maintained by Jefferies on Tuesday, May 30 with “Hold”. The stock of Morgan Advanced Materials plc (LON:MGAM) has “Buy” rating given on Friday, August 25 by Peel Hunt. On Monday, November 6 the stock rating was maintained by Peel Hunt with “Buy”. The firm earned “Hold” rating on Thursday, July 28 by Numis Securities. The stock of Morgan Advanced Materials plc (LON:MGAM) earned “Hold” rating by Numis Securities on Monday, September 28. The rating was maintained by Numis Securities with “Hold” on Wednesday, February 24. As per Friday, February 24, the company rating was maintained by Peel Hunt. Peel Hunt maintained the shares of MGAM in report on Thursday, March 2 with “Buy” rating. The stock has “Buy” rating by HSBC on Tuesday, August 16.
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