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Sunoco LP has a consensus price target of $58.25 based on the ratings of 12 analysts. The high is $65 issued by Citigroup on June 18, 2024. The low is $42 issued by Credit Suisse on January 25, 2022. The 3 most-recent analyst ratings were released by RBC Capital, JP Morgan, and Barclays on October 16, 2024, September 4, 2024, and July 10, 2024, respectively. With an average price target of $62 between RBC Capital, JP Morgan, and Barclays, there's an implied 14.12% upside for Sunoco LP from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Sunoco (NYSE:SUN) was reported by RBC Capital on October 16, 2024. The analyst firm set a price target for $63.00 expecting SUN to rise to within 12 months (a possible 16.15% upside). 16 analyst firms have reported ratings in the last year.
The latest analyst rating for Sunoco (NYSE:SUN) was provided by RBC Capital, and Sunoco maintained their outperform rating.
The last upgrade for Sunoco LP happened on June 18, 2024 when Citigroup raised their price target to $65. Citigroup previously had a neutral for Sunoco LP.
The last downgrade for Sunoco LP happened on February 20, 2024 when Stifel changed their price target from $62 to $62 for Sunoco LP.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Sunoco, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Sunoco was filed on October 16, 2024 so you should expect the next rating to be made available sometime around October 16, 2025.
While ratings are subjective and will change, the latest Sunoco (SUN) rating was a maintained with a price target of $60.00 to $63.00. The current price Sunoco (SUN) is trading at is $54.24, which is out of the analyst’s predicted range.
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