Looking For Value? Why It Might Be Time To Try Sunoco (SUN)
Zacks Investment Research | Jan 07, 2019 08:43PM ET
Value investing is always a very popular strategy, and for good reason. After all, who doesn’t want to find stocks that have low PEs, solid outlooks, and decent dividends?
Fortunately for investors looking for this combination, we have identified a strong candidate which may be an impressive value; Sunoco LP (NYSE:SUN) .
Sunoco in Focus
SUN may be an interesting play thanks to its forward PE of 11.3, its P/S ratio of 0.2, and its decent dividend yield of 12%. These factors suggest that Sunoco is a pretty good value pick, as investors have to pay a relatively low level for each dollar of earnings, and that SUN has decent revenue metrics to back up its earnings.
But before you think that Sunoco is just a pure value play, it is important to note that it has been seeing solid activity on the earnings estimate front as well. For current year earnings, the consensus has gone up significantly in the past 60 days, thanks to four upward revisions in the past two months compared to none lower.
This estimate strength is actually enough to push Sunoco to a Zacks Rank #2 (Buy), suggesting it is poised to outperform. You can see Zacks Investment Research
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