Suncor Energy’s “Buy” Rating Reaffirmed at RBC Capital (SU)
Suncor Energy (NYSE:SU)‘s stock had its “buy” rating reiterated by analysts at RBC Capital in a research report issued to clients and investors on Tuesday, StockRatingsNetwork reports. They currently have a $42.00 price target on the stock. RBC Capital’s target price points to a potential upside of 18.11% from the company’s current price.
A number of other firms have also recently commented on SU. Analysts at Citigroup Inc. initiated coverage on shares of Suncor Energy (NYSE:SU) in a research note to investors on Tuesday. They set a “neutral” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Suncor Energy (NYSE:SU) in a research note to investors on Tuesday, September 3rd. They now have a $36.00 price target on the stock. Finally, analysts at TheStreet reiterated a “hold” rating on shares of Suncor Energy (NYSE:SU) in a research note to investors on Friday, July 19th.
Three equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Suncor Energy has a consensus rating of “Buy” and an average target price of $43.25.
Suncor Energy (NYSE:SU) traded down 1.55% on Tuesday, hitting $35.56. 3,262,903 shares of the company’s stock traded hands. Suncor Energy has a 52 week low of $26.83 and a 52 week high of $36.76. The stock has a 50-day moving average of $34.2 and a 200-day moving average of $31.39. The company has a market cap of $53.377 billion and a P/E ratio of 19.42.
Suncor Energy (NYSE:SU) last released its earnings data on Thursday, August 1st. The company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by $0.19. During the same quarter in the previous year, the company posted $0.81 earnings per share. On average, analysts predict that Suncor Energy will post $3.08 earnings per share for the current fiscal year.
Suncor Energy Inc (NYSE:SU) is an integrated energy company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.