Suncor Energy Stock Rating Reaffirmed by Citigroup Inc. (SU)
Suncor Energy (NYSE:SU)‘s stock had its “neutral” rating reaffirmed by equities researchers at Citigroup Inc. in a research report issued on Thursday, AR Network reports. They currently have a $44.00 price objective on the stock. Citigroup Inc.’s price objective would indicate a potential upside of 20.85% from the stock’s previous close.
A number of other analysts have also recently weighed in on SU. Analysts at TheStreet upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a research note on Thursday, April 3rd. Separately, analysts at FirstEnergy Capital upgraded shares of Suncor Energy from a “market perform” rating to an “outperform” rating in a research note on Thursday, March 27th. Finally, analysts at Wolfe Research initiated coverage on shares of Suncor Energy in a research note on Wednesday, March 26th. They set an “outperform” rating on the stock. Four equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Suncor Energy presently has an average rating of “Buy” and a consensus price target of $42.38.
Shares of Suncor Energy (NYSE:SU) traded up 1.02% on Thursday, hitting $36.78. 1,881,076 shares of the company’s stock traded hands. Suncor Energy has a 52-week low of $27.04 and a 52-week high of $37.00. The stock’s 50-day moving average is $34.03 and its 200-day moving average is $34.40. The company has a market cap of $54.105 billion and a price-to-earnings ratio of 13.74.
Suncor Energy (NYSE:SU) last posted its quarterly earnings results on Monday, February 3rd. The company reported $0.65 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.79 by $0.14. Analysts expect that Suncor Energy will post $3.58 EPS for the current fiscal year.
Suncor Energy Inc (NYSE:SU) is an integrated energy company.
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