For its first fiscal quarter (ending March 31), Sunoco LP (NYSE: SUN) has reported a 60% increase in E.P.S. from $1.43 a year ago to $2.29 in the current quarter. For the latest four quarters through March 31, E.P.S. were $4.57 compared to $3.83 a year ago — an increase of 19%.
Recent Price Action
Sunoco LP (NYSE: SUN) stock closed at $57.03 on 5/8/24 after a large increase of 2.6%. Moreover, this advance was accompanied by exceptionally high trading volume at 284% of normal. The stock has risen 1.3% during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
SUN is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Sunoco has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Sunoco has a good Appreciation Score of 76 and a very high Power Rating of 89, producing the Highest Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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