Desjardins Reiterates “C$107.00” Price Target for Suncor Energy (TSE:SU)

Suncor Energy (TSE:SU) (NYSE:SU) has been given a C$107.00 price target by equities research analysts at Desjardins in a research note issued on Friday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Desjardins’ target price indicates a potential upside of 22.66% from the stock’s current price.

A number of other analysts have also recently issued reports on SU. The Goldman Sachs Group cut Suncor Energy from a “buy” rating to a “hold” rating in a research report on Friday, June 5th. Royal Bank Of Canada raised their price target on Suncor Energy from C$89.00 to C$100.00 and gave the company an “outperform” rating in a report on Wednesday, April 8th. TD lifted their price objective on shares of Suncor Energy from C$91.00 to C$113.00 and gave the stock a “buy” rating in a research report on Thursday, April 16th. Gerdes Energy Research upgraded shares of Suncor Energy from a “neutral” rating to a “buy” rating and upped their price objective for the company from C$93.00 to C$96.00 in a report on Monday, June 29th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Suncor Energy from C$105.00 to C$106.00 in a research report on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Suncor Energy has an average rating of “Moderate Buy” and a consensus price target of C$95.62.

Suncor Energy Stock Performance

Shares of Suncor Energy stock traded up C$1.94 during trading on Friday, hitting C$87.23. 924,532 shares of the stock were exchanged, compared to its average volume of 6,562,030. The company has a current ratio of 1.42, a quick ratio of 0.83 and a debt-to-equity ratio of 32.36. The company has a fifty day moving average price of C$85.30 and a 200-day moving average price of C$80.98. The stock has a market capitalization of C$103.00 billion, a price-to-earnings ratio of 16.58, a price-to-earnings-growth ratio of 0.15 and a beta of 0.17. Suncor Energy has a 1-year low of C$52.75 and a 1-year high of C$96.53.

Suncor Energy (TSE:SU) (NYSE:SU) last issued its earnings results on Tuesday, May 5th. The company reported C$1.93 earnings per share (EPS) for the quarter. Suncor Energy had a net margin of 12.17% and a return on equity of 14.01%. The business had revenue of C$14.48 billion during the quarter. As a group, equities analysts predict 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.