Suncor Energy Given Consensus Rating of “Buy” by Brokerages (TSE:SU)
Suncor Energy (TSE:SU) has received an average rating of “Buy” from the fifteen analysts that are presently covering the company, AnalystRatings.NET reports. Five investment analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is C$51.05.
Several analysts have recently commented on the stock. Analysts at National Bank Financial raised their price target on shares of Suncor Energy from C$50.00 to C$54.00 in a research note on Friday, August 1st. They now have an “outperform” rating on the stock. Separately, analysts at NBF raised their price target on shares of Suncor Energy from C$50.00 to C$54.00 in a research note on Friday, August 1st. Finally, analysts at Raymond James raised their price target on shares of Suncor Energy from C$51.00 to C$55.00 in a research note on Monday, July 7th. They now have an “outperform” rating on the stock.
Suncor Energy (TSE:SU) traded down 1.09% on Monday, hitting $42.48. The stock had a trading volume of 803,688 shares. Suncor Energy has a 1-year low of $34.50 and a 1-year high of $47.18. The stock has a 50-day moving average of $44.44 and a 200-day moving average of $41.0. The company has a market cap of $62.244 billion and a price-to-earnings ratio of 16.58.
Suncor Energy (TSE:SU) last posted its quarterly earnings results on Friday, August 1st. The company reported $0.77 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.94 by $0.17. Analysts expect that Suncor Energy will post $3.66 EPS for the current fiscal year.
Suncor Energy Inc (TSE:SU) is an integrated energy company.
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