Sun Communities Initiated with a Buy at BMO Capital

By Jason Carr

BMO Capital analyst Gerrick Johnson initiated coverage with a Buy rating on Sun Communities (NYSE: SUI) today and set a price target of $96. The company’s shares closed on Friday at $87.84.

According to TipRanks.com, Johnson is a 4-star analyst with an average return of 11.5% and a 56.6% success rate. Johnson covers the Consumer Goods sector, focusing on stocks such as Brunswick Corporation, Winnebago Industries, and Activision Blizzard.

Sun Communities has an analyst consensus of Moderate Buy, with a price target consensus of $93.50.

Based on Sun Communities’ latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $238 million and quarterly net profit of $14.45 million. In comparison, last year the company earned revenue of $250 million and had a net profit of $22.22 million.

Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is negative on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Sun Communities, Inc. provides real estate management services. The company operates through the following segments: Real Property Operations and Home Sales & Rentals.