Suncor Energy Now Covered by Analysts at Raymond James (SU)
Equities research analysts at Raymond James started coverage on shares of Suncor Energy (NYSE:SU) in a research note issued to investors on Tuesday, Analyst Ratings Network reports. The firm set an “outperform” rating and a $44.00 price target on the stock. Raymond James’ price target would suggest a potential upside of 26.87% from the company’s current price.
The analysts wrote, “We believe Suncor is successfully transitioning into a premier growth and income model, which we suspect will continue to be well received by investors. With the shares currently trading at the lowest EV/EBITDA valuation in the Canadian large cap energy space, we view the current price as an attractive entry point.”
Several other analysts have also recently commented on the stock. Analysts at RBC Capital reiterated an “outperform” rating on shares of Suncor Energy in a research note to investors on Thursday, November 21st. They now have a $45.00 price target on the stock. Separately, analysts at FirstEnergy Capital downgraded shares of Suncor Energy from an “outperform” rating to a “market perform” rating in a research note to investors on Thursday, November 21st. Finally, analysts at ISI Group initiated coverage on shares of Suncor Energy in a research note to investors on Tuesday, November 12th. They set a “buy” rating on the stock. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Suncor Energy has a consensus rating of “Buy” and a consensus target price of $42.38.
Shares of Suncor Energy (NYSE:SU) opened at 34.68 on Tuesday. Suncor Energy has a 52 week low of $26.83 and a 52 week high of $37.00. The stock has a 50-day moving average of $35.61 and a 200-day moving average of $33.42. The company has a market cap of $51.623 billion and a price-to-earnings ratio of 17.55.
The company also recently declared a dividend, which is scheduled for Tuesday, December 24th. Shareholders of record on Tuesday, December 3rd will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Friday, November 29th.
Suncor Energy Inc (NYSE:SU) is an integrated energy company.
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