Brokerage Firm Rating Update on Sunoco Logistics Partners LP (SXL)

Sunoco Logistics Partners LP (SXL) : The consensus on Sunoco Logistics Partners LP (SXL) based on 13 analyst recommendation on the company stock is 2.08, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 7 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 5 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.

Sunoco Logistics Partners LP (SXL) : The most positive equity analysts on Sunoco Logistics Partners LP (SXL) expects the shares to touch $36, whereas, the least positive believes that the stock will trade at $28 in the short term. The company is covered by 10 Wall Street Brokerage Firms. The average price target for shares are $32.5 with an expected fluctuation of $2.46 from the mean.


For the current week, the company shares have a recommendation consensus of Buy. Also, Major Brokerage house, Barclays maintains its ratings on Sunoco Logistics Partners LP (NYSE:SXL). In the latest research report, Barclays raises the target price from $33 per share to $36 per share. According to the latest information available, the shares are now rated Overweight by the analysts at the agency. The rating by the firm was issued on August 16, 2016.

Sunoco Logistics Partners LP (NYSE:SXL): The stock opened at $30.33 and touched an intraday high of $30.6 on Wednesday. During the day, the stock corrected to an intraday low of $30.056, however, the bulls stepped in and pushed the price higher to close in the green at $30.49 with a gain of 1.23% for the day. The total traded volume for the day was 995,944. The stock had closed at $30.12 in the previous trading session.

Sunoco Logistics Partners L.P. owns and operates a logistics business. The Company is engaged in the transport, terminalling and storage of crude oil, refined products and natural gas liquids (NGLs). In addition to logistics services, it also owns acquisition and marketing assets, which are used to facilitate the purchase and sale of crude oil, refined products and NGLs. The Company operates through four segments: Crude Oil Pipelines, transport crude oil in the southwest and midwest United States; Crude Oil Acquisition and Marketing, gathers, purchases, markets and sells crude oil in the mid-continent United States; Terminal Facilities, consist of crude oil, refined products and NGL terminals, and Products Pipelines, consist of crude oil, refined products and NGL terminals.

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