Sunoco LP (SUN) At $31.85 Forms Top; 7 Analysts Bullish Ashland Global Holdings Inc. (ASH)

Sunoco LP (SUN) formed multiple top with $33.76 target or 6.00% above today’s $31.85 share price. Sunoco LP (SUN) has $3.17B valuation. The stock increased 0.25% or $0.08 during the last trading session, reaching $31.85. About 24,396 shares traded. Sunoco LP (NYSE:SUN) has declined 6.50% since January 22, 2017 and is downtrending. It has underperformed by 23.20% the S&P500.

Among 8 analysts covering Ashland (NYSE:ASH), 7 have Buy rating, 0 Sell and 1 Hold. Therefore 88% are positive. Ashland had 27 analyst reports since July 31, 2015 according to SRatingsIntel. The company was maintained on Friday, July 28 by Jefferies. The firm has “Hold” rating by Credit Suisse given on Friday, April 28. The rating was maintained by Jefferies with “Buy” on Thursday, August 31. The firm has “Neutral” rating given on Wednesday, November 8 by Credit Suisse. Deutsche Bank maintained the shares of ASH in report on Friday, July 31 with “Buy” rating. As per Wednesday, November 8, the company rating was maintained by KeyBanc Capital Markets. TheStreet downgraded the shares of ASH in report on Tuesday, September 1 to “Buy” rating. On Friday, October 9 the stock rating was downgraded by Goldman Sachs to “Buy”. The stock of Ashland Global Holdings Inc. (NYSE:ASH) has “Buy” rating given on Friday, October 6 by SunTrust. UBS maintained Ashland Global Holdings Inc. (NYSE:ASH) rating on Tuesday, November 7. UBS has “Buy” rating and $78 target. See Ashland Global Holdings Inc. (NYSE:ASH) latest ratings:

01/12/2017 Broker: SunTrust Rating: Buy New Target: $83.0 Maintain
08/11/2017 Broker: Credit Suisse Rating: Neutral Old Target: $65 New Target: $69 Maintain
08/11/2017 Broker: Deutsche Bank Rating: Buy Old Target: $74 New Target: $78 Maintain
08/11/2017 Broker: KeyBanc Capital Markets Rating: Overweight Old Target: $7.00 New Target: $8.00 Maintain
07/11/2017 Broker: UBS Rating: Buy Old Target: $74 New Target: $78 Maintain
06/10/2017 Broker: SunTrust Rating: Buy New Target: $74.0 Maintain
26/09/2017 Broker: Jefferies Rating: Buy New Target: $77.0 Maintain
06/09/2017 Broker: KeyBanc Capital Markets Rating: Buy New Target: $77.0 Maintain
31/08/2017 Broker: Jefferies Rating: Buy New Target: $74.0 Maintain
03/08/2017 Broker: Deutsche Bank Rating: Buy Old Target: $75 New Target: $74 Maintain

Among 19 analysts covering Sunoco Inc. (NYSE:SUN), 6 have Buy rating, 3 Sell and 10 Hold. Therefore 32% are positive. Sunoco Inc. has $57 highest and $21 lowest target. $32.78’s average target is 2.92% above currents $31.85 stock price. Sunoco Inc. had 67 analyst reports since July 24, 2015 according to SRatingsIntel. On Friday, September 23 the stock rating was initiated by Citigroup with “Neutral”. On Thursday, December 22 the stock rating was upgraded by FBR Capital to “Outperform”. Jefferies downgraded it to “Hold” rating and $35 target in Tuesday, March 22 report. The firm earned “Underweight” rating on Thursday, November 9 by Mitsubishi UFJ. The rating was maintained by RBC Capital Markets on Tuesday, September 5 with “Buy”. The company was maintained on Thursday, August 4 by UBS. The firm has “Equal-Weight” rating by Morgan Stanley given on Monday, August 15. B. Riley & Co maintained the stock with “Neutral” rating in Tuesday, December 19 report. JP Morgan downgraded Sunoco LP (NYSE:SUN) on Wednesday, February 15 to “Neutral” rating. Citigroup downgraded Sunoco LP (NYSE:SUN) on Monday, November 21 to “Sell” rating.

Investors sentiment decreased to 0.84 in Q3 2017. Its down 0.40, from 1.24 in 2017Q2. It dropped, as 16 investors sold Sunoco LP shares while 27 reduced holdings. 12 funds opened positions while 24 raised stakes. 29.29 million shares or 0.38% less from 29.40 million shares in 2017Q2 were reported. Arrow Limited Liability Company accumulated 24,016 shares or 0.22% of the stock. Raymond James And accumulated 0% or 61,153 shares. The Minnesota-based Thrivent For Lutherans has invested 0% in Sunoco LP (NYSE:SUN). Whittier Tru Of Nevada has invested 0% in Sunoco LP (NYSE:SUN). Next Fincl Group Inc invested in 185 shares. Cushing Asset L P invested in 140,000 shares or 0.14% of the stock. 2,369 are owned by Benjamin F Edwards And Company Incorporated. Guggenheim Limited Liability Corp has 0.01% invested in Sunoco LP (NYSE:SUN). Susquehanna Interest Group Inc Llp accumulated 0% or 126,400 shares. Hudson Valley Inv Advsr Adv reported 9,700 shares. Kayne Anderson Capital Advsrs L P owns 14,900 shares for 0.01% of their portfolio. Us Bankshares De has invested 0% in Sunoco LP (NYSE:SUN). Texas Yale Cap holds 20,550 shares or 0.06% of its portfolio. Raymond James Tru Na invested in 6,525 shares or 0.01% of the stock. Atria Investments Ltd Liability Corp owns 0.01% invested in Sunoco LP (NYSE:SUN) for 8,437 shares.

Analysts await Sunoco LP (NYSE:SUN) to report earnings on February, 28. They expect $0.40 EPS, down 51.81% or $0.43 from last year’s $0.83 per share. SUN’s profit will be $39.80 million for 19.91 P/E if the $0.40 EPS becomes a reality. After $1.02 actual EPS reported by Sunoco LP for the previous quarter, Wall Street now forecasts -60.78% negative EPS growth.

Investors sentiment decreased to 0 in Q3 2017. Its down 0.33, from 0.33 in 2017Q2. It dropped, as 2 investors sold Ashland Global Holdings Inc. shares while 1 reduced holdings. 0 funds opened positions while 0 raised stakes. 43,549 shares or 66.81% less from 131,204 shares in 2017Q2 were reported. 3,200 are held by Fruth Invest Mgmt. Bruce & Company Inc invested in 0.37% or 25,000 shares. Alphamark Advisors Limited Liability invested in 106 shares or 0% of the stock. Novare Capital Ltd Liability Corporation reported 15,110 shares. Gemmer Asset Mngmt Ltd owns 133 shares for 0% of their portfolio.

The stock decreased 0.73% or $0.54 during the last trading session, reaching $73.79. About 39,941 shares traded. Ashland Global Holdings Inc. (NYSE:ASH) has risen 18.65% since January 22, 2017 and is uptrending. It has outperformed by 1.95% the S&P500.

Ashland Global Holdings Inc. provides specialty chemical solutions worldwide. The company has market cap of $4.59 billion. It operates through Specialty Ingredients, Performance Materials, and Valvoline divisions. It has a 7379 P/E ratio. The firm provides products, technologies, and resources for solving formulation and product-performance challenges.

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