Suncor Energy (TSE:SU) PT Raised to C$60.00 at TD Securities

Suncor Energy (TSE:SU) (NYSE:SU) had its price objective upped by analysts at TD Securities from C$59.00 to C$60.00 in a research report issued to clients and investors on Tuesday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock.

Several other brokerages have also issued reports on SU. Scotiabank decreased their price target on shares of Suncor Energy from C$61.00 to C$60.00 in a report on Friday, July 12th. Desjardins boosted their target price on shares of Suncor Energy from C$56.00 to C$59.00 and gave the stock a “hold” rating in a research note on Tuesday, July 23rd. BMO Capital Markets upgraded Suncor Energy from a “market perform” rating to an “outperform” rating and set a C$62.00 price target for the company in a research note on Wednesday, August 7th. Jefferies Financial Group reduced their price objective on Suncor Energy from C$62.00 to C$55.00 and set a “hold” rating on the stock in a research report on Monday, September 16th. Finally, Raymond James increased their target price on Suncor Energy from C$51.00 to C$52.00 and gave the company a “market perform” rating in a research report on Thursday, August 8th. Six research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Suncor Energy has an average rating of “Moderate Buy” and a consensus target price of C$61.04.

Suncor Energy Stock Performance

The company has a debt-to-equity ratio of 34.98, a quick ratio of 0.83 and a current ratio of 1.46. Suncor Energy has a 52 week low of C$40.07 and a 52 week high of C$57.32. The company has a market cap of C$66.27 billion, a price-to-earnings ratio of 8.96, a price-to-earnings-growth ratio of 0.15 and a beta of 1.49. The firm has a 50-day simple moving average of C$52.75 and a two-hundred day simple moving average of C$52.39.

Suncor Energy (TSE:SU) (NYSE:SU) last released its quarterly earnings data on Tuesday, August 6th. The company reported C$1.27 earnings per share for the quarter, beating the consensus estimate of C$1.06 by C$0.21. The business had revenue of C$13.04 billion for the quarter, compared to analyst estimates of C$11.59 billion. Suncor Energy had a return on equity of 17.68% and a net margin of 14.87%. As a group, research analysts forecast that Suncor Energy will post 4.2557377 EPS for the current fiscal year.

Insiders Place Their Bets

In other Suncor Energy news, Senior Officer Jacqueline Sue Moore sold 37,700 shares of Suncor Energy stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of C$56.54, for a total value of C$2,131,558.00. Company 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.