TD Forecasts Strong Price Appreciation for Suncor Energy (TSE:SU) Stock

Suncor Energy (TSE:SU) (NYSE:SU) had its price objective hoisted by analysts at TD from C$113.00 to C$116.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD’s target price would indicate a potential upside of 24.09% from the company’s previous close.

Several other equities research analysts also recently weighed in on SU. National Bank Financial raised their price target on shares of Suncor Energy from C$85.00 to C$118.00 and gave the company an “outperform” rating in a research report on Tuesday, March 31st. Desjardins set a C$107.00 price target on shares of Suncor Energy and gave the company a “buy” rating in a research report on Friday, July 17th. Scotiabank upgraded Suncor Energy to a “strong-buy” rating in a research note on Friday, June 26th. BMO Capital Markets raised their target price on shares of Suncor Energy from C$85.00 to C$100.00 in a research note on Wednesday, April 1st. Finally, Raymond James Financial raised their price target on Suncor Energy from C$76.00 to C$93.00 in a report on Monday, March 30th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Suncor Energy has a consensus rating of “Moderate Buy” and a consensus price target of C$95.88.

Suncor Energy Stock Up 2.5%

TSE:SU opened at C$93.48 on Wednesday. The company has a market capitalization of C$110.38 billion, a PE ratio of 17.77, a P/E/G ratio of 0.15 and a beta of 0.17. The company has a debt-to-equity ratio of 32.36, a current ratio of 1.42 and a quick ratio of 0.83. Suncor Energy has a 1-year low of C$52.95 and a 1-year high of C$96.53. The firm’s 50-day moving average price is C$85.30 and its 200-day moving average price is C$82.00.

Suncor Energy (TSE:SU) (NYSE:SU) last released its earnings results on Tuesday, May 5th. The company reported C$1.93 earnings per share (EPS) for the quarter. Suncor Energy had a net margin of 12.17% and a return on equity of 14.01%. The firm had revenue of C$14.48 billion during the quarter. On average, equities 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.