Suncor Energy (TSE:SU) Stock Price Expected to Rise, Raymond James Financial Analyst Says

Suncor Energy (TSE:SU) (NYSE:SU) had its price target increased by equities researchers at Raymond James Financial from C$76.00 to C$93.00 in a research note issued on Monday,BayStreet.CA reports. Raymond James Financial’s target price indicates a potential upside of 1.08% from the stock’s previous close.

A number of other equities analysts also recently issued reports on SU. Jefferies Financial Group upped their price target on Suncor Energy from C$66.00 to C$82.00 in a research report on Monday, March 16th. Scotiabank raised their price objective on Suncor Energy from C$62.00 to C$70.00 and gave the stock a “sector perform” rating in a research report on Tuesday, January 20th. Royal Bank Of Canada upped their target price on Suncor Energy from C$69.00 to C$75.00 and gave the company an “outperform” rating in a research report on Thursday, February 5th. ATB Cormark Capital Markets increased their price target on Suncor Energy from C$71.00 to C$95.00 and gave the company a “sector perform” rating in a research note on Friday, March 27th. Finally, Canadian Imperial Bank of Commerce raised their price target on Suncor Energy from C$70.00 to C$88.00 in a report on Monday, March 2nd. Six analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Suncor Energy currently has an average rating of “Moderate Buy” and a consensus price target of C$81.14.

Suncor Energy Stock Up 0.1%

Shares of Suncor Energy stock opened at C$92.01 on Monday. The company has a quick ratio of 0.83, a current ratio of 1.39 and a debt-to-equity ratio of 40.74. The company has a market cap of C$109.21 billion, a P/E ratio of 18.97, a PEG ratio of 0.15 and a beta of 0.75. The firm’s 50 day moving average price is C$78.30 and its 200-day moving average price is C$66.37. Suncor Energy has a 52-week low of C$43.59 and a 52-week high of C$94.34.

Suncor Energy (TSE:SU) (NYSE:SU) last posted its earnings results on Tuesday, February 3rd. The company reported C$1.10 EPS for the quarter. The company had revenue of C$12.04 billion during the quarter. Suncor Energy had a net margin of 12.10% and a return on equity of 13.17%. On average, sell-side analysts predict that Suncor Energy will post 4.4208333 EPS for the current fiscal year.

Suncor Energy Company Profile

Suncor Energy Inc is an integrated energy company. The company’s operations include oil sands development, production and upgrading, offshore oil and gas, petroleum refining in Canada and the U.S. and the company’s PetroCanada retail and wholesale distribution networks. The company is developing petroleum resources while advancing the transition to a low-emissions future through investment in power, renewable fuels and hydrogen. It also conducts energy trading activities focused principally on the marketing and trading of crude oil, natural gas, byproducts, refined products and power.