Suncor Energy (TSE:SU) Price Target Raised to C$91.00 at TD Securities

Suncor Energy (TSE:SU) (NYSE:SU) had its price objective boosted by analysts at TD Securities from C$81.00 to C$91.00 in a report released on Wednesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ price target points to a potential upside of 1.89% from the company’s previous close.

A number of other brokerages have also commented on SU. National Bank Financial upped their price objective 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. BMO Capital Markets upped their price target on Suncor Energy from C$85.00 to C$100.00 in a report on Wednesday. ATB Cormark Capital Markets raised their price objective on Suncor Energy from C$71.00 to C$95.00 and gave the stock a “sector perform” rating in a research report on Friday, March 27th. Raymond James Financial lifted their price objective on Suncor Energy from C$76.00 to C$93.00 in a report on Monday. Finally, Canadian Imperial Bank of Commerce boosted their price objective on Suncor Energy from C$70.00 to C$88.00 in a research report on Monday, March 2nd. Six research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$87.86.

Suncor Energy Stock Performance

TSE SU traded down C$2.70 during trading on Wednesday, hitting C$89.31. The company’s stock had a trading volume of 2,949,539 shares, compared to its average volume of 7,509,439. Suncor Energy has a 52 week low of C$43.59 and a 52 week high of C$94.34. The firm has a market cap of C$106.00 billion, a P/E ratio of 18.41, a price-to-earnings-growth ratio of 0.15 and a beta of 0.75. The firm has a 50 day moving average price of C$78.30 and a 200 day moving average price of C$66.37. The company has a quick ratio of 0.83, a current ratio of 1.39 and a debt-to-equity ratio of 40.74.

Suncor Energy (TSE:SU) (NYSE:SU) last posted its quarterly earnings data on Tuesday, February 3rd. The company reported C$1.10 earnings per share for the quarter. The company had revenue of C$12.04 billion during the quarter. Suncor Energy had a return on equity of 13.17% and a net margin of 12.10%. Equities research analysts forecast that Suncor Energy will post 4.4208333 earnings per share 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.