Suncor Energy (TSE:SU – Get Free Report) (NYSE:SU) had its price target raised by equities research analysts at TD Securities from C$59.00 to C$60.00 in a note issued to investors on Tuesday, BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ price objective suggests a potential upside of 16.17% from the company’s current price.
Several other research firms have also recently issued reports on SU. Jefferies Financial Group cut their target price on Suncor Energy from C$62.00 to C$55.00 and set a “hold” rating for the company in a research note on Monday, September 16th. Wolfe Research upgraded Suncor Energy to a “strong-buy” rating in a report on Thursday, July 18th. Royal Bank of Canada decreased their price target on Suncor Energy from C$67.00 to C$64.00 in a report on Tuesday, September 17th. Desjardins lifted their price target on Suncor Energy from C$56.00 to C$59.00 and gave the stock a “hold” rating in a report on Tuesday, July 23rd. Finally, Scotiabank cut their target price on Suncor Energy from C$61.00 to C$60.00 in a research report on Friday, July 12th. Six research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Suncor Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of C$61.04.
Get Our Latest Stock Report on Suncor Energy
Suncor Energy Price Performance
Suncor Energy (TSE:SU – Get Free Report) (NYSE:SU) last released its earnings results 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 the consensus estimate of C$11.59 billion. Suncor Energy had a return on equity of 17.68% and a net margin of 14.87%. On average, research analysts expect that Suncor Energy will post 4.2058333 EPS for the current year.
Insider Activity at Suncor Energy
In other news, Senior Officer Jacqueline Sue Moore sold 37,700 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of C$56.54, for a total transaction of C$2,131,558.00. 0.01% of the stock is currently owned by corporate insiders.
About Suncor Energy
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.
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