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

Suncor Energy (TSE:SU) (NYSE:SU) had its target price lifted by Raymond James from C$54.00 to C$56.00 in a note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has a “market perform” rating on the stock. Raymond James’ price objective indicates a potential upside of 14.94% from the company’s current price. Raymond James also issued estimates for Suncor Energy’s FY2029 earnings at $5.12 EPS.

A number of other research firms have also weighed in on SU. Tudor Pickering raised Suncor Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, February 10th. TD Securities reduced their price objective on shares of Suncor Energy from C$63.00 to C$62.00 and set a “buy” rating for the company in a research note on Wednesday. Royal Bank of Canada lowered their target price on shares of Suncor Energy from C$66.00 to C$65.00 in a research note on Tuesday, January 14th. Desjardins reduced their price target on shares of Suncor Energy from C$63.00 to C$62.00 and set a “buy” rating for the company in a research report on Thursday. Finally, National Bankshares upped their price target on shares of Suncor Energy from C$65.00 to C$68.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$62.58.

Suncor Energy Price Performance

Shares of TSE SU opened at C$48.72 on Thursday. The stock has a fifty day moving average of C$50.23 and a 200-day moving average of C$53.08. The stock has a market cap of C$61.11 billion, a PE ratio of 7.69, a price-to-earnings-growth ratio of 0.15 and a beta of 1.47. The company has a debt-to-equity ratio of 33.35, a quick ratio of 0.83 and a current ratio of 1.59. Suncor Energy has a fifty-two week low of C$43.59 and a fifty-two week high of C$58.58.

About Suncor Energy

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.