Suncor Energy (TSE:SU) Price Target Raised to C$57.00 at TD Securities

Suncor Energy (TSE:SU) (NYSE:SU) had its price target increased by equities researchers at TD Securities from C$52.00 to C$57.00 in a research report issued on Wednesday, BayStreet.CA reports. The brokerage presently has a “hold” rating on the stock. TD Securities’ target price would suggest a potential upside of 3.02% from the company’s previous close.

Other equities research analysts also recently issued reports about the company. Royal Bank of Canada upped their price objective on Suncor Energy from C$58.00 to C$60.00 in a research report on Thursday, May 9th. CIBC increased their price target on Suncor Energy from C$60.00 to C$65.00 and gave the company an “outperform” rating in a report on Monday, April 22nd. Jefferies Financial Group raised their price target on Suncor Energy from C$50.00 to C$53.00 and gave the stock a “hold” rating in a research report on Friday, April 12th. Wells Fargo & Company boosted their price objective on shares of Suncor Energy from C$55.00 to C$60.00 and gave the company an “overweight” rating in a research report on Thursday, April 18th. Finally, Desjardins raised their target price on shares of Suncor Energy from C$48.50 to C$54.00 and gave the stock a “hold” rating in a report on Tuesday, April 23rd. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of C$62.42.

Suncor Energy Price Performance

SU traded down C$0.70 during trading hours on Wednesday, hitting C$55.33. The company’s stock had a trading volume of 1,445,653 shares, compared to its average volume of 7,877,888. The stock has a market cap of C$70.82 billion, a price-to-earnings ratio of 9.19, a P/E/G ratio of 0.15 and a beta of 1.50. The business’s 50-day moving average price is C$52.11 and its 200-day moving average price is C$46.89. The company has a current ratio of 1.51, a quick ratio of 0.83 and a debt-to-equity ratio of 36.00. Suncor Energy has a 12 month low of C$37.09 and a 12 month high of C$56.30.

Suncor Energy (TSE:SU) (NYSE:SU) last posted its earnings results on Wednesday, February 21st. The company reported C$1.26 earnings per share for the quarter, topping analysts’ consensus estimates of C$1.05 by C$0.21. Suncor Energy had a net margin of 15.85% and a return on equity of 18.64%. The firm had revenue of C$14.14 billion for the quarter, compared to the consensus estimate of C$11.33 billion. Sell-side analysts expect that Suncor Energy will post 4.9972527 earnings per share for the current fiscal year.

Insider Activity

In related news, Senior Officer Shelley Powell sold 16,400 shares of the company’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of C$45.84, for a total transaction of C$751,776.00. In other news, Senior Officer Jacqueline Sue Moore sold 12,000 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of C$45.83, for a total value of C$549,960.00. Also, Senior Officer Shelley Powell sold 16,400 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of C$45.84, for a total value of C$751,776.00. Insiders own 0.01% of the company’s stock.

Suncor Energy Company Profile

Suncor Energy Inc operates as an integrated energy company in Canada, the United States, and internationally. It operates through Oil Sands; Exploration and Production; and Refining and Marketing segments. The Oil Sands segment explores, develops, and produces bitumen, synthetic crude oil, and related products.