Sunoco Logistics Receives a Buy from BMO Capital

By Carrie Williams

In a report released yesterday, Danilo Juvane from BMO Capital reiterated a Buy rating on Sunoco Logistics (NYSE: SXL), with a price target of $35. The company’s shares opened today at $26.75.

According to TipRanks.com, Juvane is a 2-star analyst with an average return of -0.1% and a 43.5% success rate. Juvane covers the Basic Materials sector, focusing on stocks such as Spectra Energy Partners, Columbia Pipeline Group, and Targa Resources Corp.

Sunoco Logistics has an analyst consensus of Moderate Buy, with a price target consensus of $33.

Sunoco Logistics’ market cap is currently $7.97B and has a P/E ratio of 54.63. The company has a book value ratio of 1.1162.

Based on the recent corporate insider activity of 14 insiders, corporate insider sentiment is neutral on the stock. Most recently, in February 2016, Basil Leon Bray, a Director at SXL bought 52 shares for a total of $1,005.

Sunoco Logistics Partners LP is a master limited partnership company that owns and operates a logistics business, consisting of a geographically diverse portfolio of complementary pipeline, terminalling, and acquisition and marketing assets which are used to facilitate the purchase and sale of crude oil, natural gas liquids and refined products. It operates through three segments: Crude Oil, Natural Gas Liquids and Refined Products. The Crude Oil segment provides transportation, terminalling and acquisition and marketing services to crude oil markets throughout the southwest, midwest and northeastern U.S. The Natural Gas Liquids segment transports, stores, and executes acquisition and marketing activities utilizing a complementary network of pipelines, storage and blending facilities, and strategic off-take locations that provide access to multiple natural gas liquids markets. The Refined Products segment provides transportation and terminalling services. The company was founded on October 15, 2001 and is headquartered Newtown Square, PA.