Sunoco LP (NYSE:SUN) has a mean price target of $35.53 by market experts. Market leading group First Call has reached this recommendation by considering recommendations of top analysts in the industry. These experts have specified earnings of $0.26 a share for the very next quarter and $1.68 for this year.
The technical study of Sunoco LP Common Units represen demonstrates that the 50-day moving average of Sunoco LP (NYSE:SUN) stock is $30.35, and is trading $-0.70 points away or -2.30% from 50-day moving average of $30.35. It is trading $-2.10 or -6.63% away 200-day moving average of $31.75.
The 52-week high of Sunoco LP (NYSE:SUN) was $40.06 while $22.86 is the low mark in the same period. It state Sunoco LP Common Units represen share price has to surge more than $-10.41 to hit 52-week high or drop +29.70% to make a 52-week mark. MA here hints at moving average.
Taking the valuation part to reach the estimation of Sunoco LP Common Units represen, investors apply price-to-earnings ratio, which is shortened as P/E ratio. It weighs equity price by the relative expense of the equity. Sunoco LP (NYSE:SUN) ratio came in at 24.90, after dividing current equity price by yearly earnings. Sunoco LP Common Units represen stock recorded a close of $29.65 in last trading session, registering a market cap of $3.31B.
The price-earnings ratio can be seen as a means of regulating the value of per dollar of earnings through the stock market. In concept, by taking the average of P/E over a period of numerous years, one could frame something of a uniform P/E ratio, which can then be understood as a benchmark and utilized to indicate whether or not a share is worth buying.
Investors estimate the Price-to-Earnings-Growth ratio to catch up with a clear view on the firm valuation. For stocks with higher PEG ratio, they are considered as sell option. The undervalued equity displays PEG ratio of 0 or 1. On contrary, the fairly valued equity has ratio of 1 and 2. Sunoco LP (NYSE:SUN) PEG ratio is at 1.43.
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