Canadian Imperial Bank of Commerce Raises Suncor Energy (TSE:SU) Price Target to C$88.00

Suncor Energy (TSE:SU) (NYSE:SU) had its target price lifted by investment analysts at Canadian Imperial Bank of Commerce from C$70.00 to C$88.00 in a note issued to investors on Monday,BayStreet.CA reports. Canadian Imperial Bank of Commerce’s price target suggests a potential upside of 11.97% from the stock’s current price.

SU has been the subject of several other reports. Desjardins raised their target price on Suncor Energy from C$79.00 to C$85.00 and gave the company a “buy” rating in a research note on Thursday, February 5th. National Bank Financial raised their price objective on Suncor Energy from C$72.00 to C$85.00 and gave the company an “outperform” rating in a research note on Tuesday, February 3rd. JPMorgan Chase & Co. increased their target price on Suncor Energy from C$59.00 to C$64.00 in a research note on Thursday, November 6th. Scotiabank lifted their price target on shares of Suncor Energy from C$62.00 to C$70.00 and gave the stock a “sector perform” rating in a research note on Tuesday, January 20th. Finally, Raymond James Financial increased their price objective on shares of Suncor Energy from C$73.00 to C$76.00 and gave the company an “outperform” rating in a research note on Thursday, February 5th. 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 has an average rating of “Moderate Buy” and a consensus price target of C$74.07.

Suncor Energy Trading Up 2.0%

SU stock traded up C$1.54 during midday trading on Monday, reaching C$78.59. 9,673,939 shares of the company’s stock traded hands, compared to its average volume of 6,375,037. The company has a debt-to-equity ratio of 33.35, a current ratio of 1.59 and a quick ratio of 0.83. Suncor Energy has a fifty-two week low of C$43.59 and a fifty-two week high of C$80.12. The business has a 50-day moving average price of C$69.18 and a two-hundred day moving average price of C$62.00. The company has a market capitalization of C$93.80 billion, a P/E ratio of 16.20, a PEG ratio of 0.15 and a beta of 0.89.

Suncor Energy (TSE:SU) (NYSE:SU) last announced its quarterly earnings results on Tuesday, February 3rd. The company reported C$1.10 earnings per share for the quarter. Suncor Energy had a net margin of 15.15% and a return on equity of 18.10%. The firm had revenue of C$12.04 billion during the quarter. Equities research analysts forecast 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.