Suncor Energy Upgraded to Buy at Stifel (SU)
Suncor Energy (NYSE:SU) was upgraded by stock analysts at Stifel from a “hold” rating to a “buy” rating in a report issued on Tuesday. The firm currently has a $48.00 price objective on the stock. Stifel’s price objective would suggest a potential upside of 20.69% from the company’s current price.
Suncor Energy (NYSE:SU) opened at 39.77 on Tuesday. Suncor Energy has a 1-year low of $28.32 and a 1-year high of $39.96. The stock’s 50-day moving average is $38.67 and its 200-day moving average is $35.1. The company has a market cap of $58.397 billion and a price-to-earnings ratio of 14.82.
Suncor Energy (NYSE:SU) last issued its quarterly earnings data on Monday, April 28th. The company reported $1.11 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.92 by $0.19. Analysts expect that Suncor Energy will post $3.90 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, June 25th. Shareholders of record on Wednesday, June 4th will be paid a dividend of $0.2085 per share. This represents a $0.83 annualized dividend and a dividend yield of 2.10%. The ex-dividend date is Monday, June 2nd.
A number of other firms have also recently commented on SU. Analysts at Stifel Nicolaus upgraded shares of Suncor Energy from a “hold” rating to a “buy” rating in a research note on Tuesday. Separately, analysts at FirstEnergy Capital downgraded shares of Suncor Energy to a “market perform” rating in a research note on Wednesday, May 7th. Finally, analysts at Scotiabank reiterated a “sector outperform” rating on shares of Suncor Energy in a research note on Tuesday, April 29th. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $44.29.
Suncor Energy Inc (NYSE:SU) is an integrated energy company.
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