Suncor Energy PT Raised to C$55.00 at Raymond James (SU)
Research analysts at Raymond James raised their target price on shares of Suncor Energy (TSE:SU) from C$51.00 to C$55.00 in a report released on Monday. The firm currently has an “outperform” rating on the stock. Raymond James’ price target would suggest a potential upside of 21.39% from the company’s current price.
A number of other analysts have also recently weighed in on SU. Analysts at FirstEnergy Capital downgraded shares of Suncor Energy from an “outperform” rating to a “market perform” rating in a research note on Wednesday, May 7th. They now have a C$45.00 price target on the stock, up previously from C$43.00. Separately, analysts at TD Securities raised their price target on shares of Suncor Energy from C$45.00 to C$50.00 in a research note on Wednesday, April 30th. They now have a “buy” rating on the stock. Finally, analysts at BMO Capital Markets raised their price target on shares of Suncor Energy from C$47.00 to C$52.00 in a research note on Wednesday, April 30th. They now have an “outperform” rating on the stock. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of C$50.06.
Shares of Suncor Energy (TSE:SU) opened at 45.31 on Monday. Suncor Energy has a 1-year low of $30.79 and a 1-year high of $47.18. The stock has a 50-day moving average of $44.01 and a 200-day moving average of $39.57. The company has a market cap of $66.532 billion and a P/E ratio of 15.70.
Suncor Energy (TSE:SU) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $1.22 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.97 by $0.25. On average, analysts predict that Suncor Energy will post $3.96 earnings per share for the current fiscal year.
Suncor Energy Inc (TSE:SU) is an integrated energy company.
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