J P Morgan Chase & Co Increases Suncor Energy Inc. (SU) Price Target to C$42.00
Suncor Energy Inc. (TSE:SU) (NYSE:SU) had its price target boosted by equities research analysts at J P Morgan Chase & Co from C$39.00 to C$42.00 in a report released on Thursday. J P Morgan Chase & Co’s price objective points to a potential upside of 0.89% from the stock’s current price.
A number of other brokerages have also recently weighed in on SU. Royal Bank Of Canada reaffirmed an “outperform” rating and set a C$50.00 price target on shares of Suncor Energy in a research report on Thursday, June 8th. Scotiabank cut shares of Suncor Energy from an “outperform” rating to a “sector perform” rating and set a C$47.00 price target on the stock. in a research report on Friday, June 9th. AltaCorp Capital cut shares of Suncor Energy from an “outperform” rating to a “sector perform” rating in a research report on Friday, July 28th. TD Securities reduced their price target on shares of Suncor Energy from C$46.00 to C$45.00 and set a “buy” rating on the stock in a research report on Thursday, July 27th. Finally, National Bank Financial reaffirmed an “outperfrom under weight” rating on shares of Suncor Energy in a research report on Monday, June 26th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of C$49.08.
Shares of Suncor Energy (TSE SU) traded up 1.66% during trading on Thursday, hitting $41.63. 3,375,628 shares of the stock traded hands. The firm has a market cap of $69.08 billion and a PE ratio of 25.76. The company’s 50 day moving average is $40.09 and its 200 day moving average is $40.56. Suncor Energy has a 52-week low of $34.01 and a 52-week high of $44.90.
Suncor Energy (TSE:SU) (NYSE:SU) last released its earnings results on Wednesday, July 26th. The company reported C$0.12 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.23 by C($0.11). Suncor Energy had a return on equity of 3.86% and a net margin of 6.00%. The company had revenue of C$7.26 billion during the quarter, compared to analyst estimates of C$7.41 billion. On average, equities research analysts predict that Suncor Energy will post $1.28 EPS for the current year.
ILLEGAL ACTIVITY NOTICE: “J P Morgan Chase & Co Increases Suncor Energy Inc. (SU) Price Target to C$42.00” was originally posted by American Banking News and is the sole property of of American Banking News. If you are viewing this piece of content on another website, it was stolen and republished in violation of U.S. and international trademark and copyright law. The original version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/09/14/j-p-morgan-chase-co-increases-suncor-energy-inc-su-price-target-to-c42-00.html.
In other news, insider Steven Walter Williams acquired 1,000 shares of the company’s stock in a transaction dated Wednesday, September 6th. The shares were bought at an average price of C$39.39 per share, for a total transaction of C$39,390.00.
About Suncor Energy
Suncor Energy Inc (Suncor) is an integrated energy company. The Company is focused on developing Canada’s petroleum resource basin, Athabasca oil sands. The Company operates in three business segments: Oil Sands, Exploration and Production (E&P), and Refining and Marketing. The Company’s Oil Sands segment includes Oil Sands operations and Oil Sands ventures operations.
Receive News & Ratings for Suncor Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Suncor Energy Inc. and related companies with MarketBeat.com's FREE daily email newsletter.