CIBC Increases Suncor Energy (TSE:SU) Price Target to C$65.00

Suncor Energy (TSE:SU) (NYSE:SU) had its price target hoisted by investment analysts at CIBC from C$60.00 to C$65.00 in a research report issued on Monday, BayStreet.CA reports. The brokerage presently has an “outperform” rating on the stock. CIBC’s price target points to a potential upside of 21.56% from the company’s previous close.

Several other brokerages also recently issued reports on SU. BMO Capital Markets upped their price objective on shares of Suncor Energy from C$52.00 to C$55.00 in a research note on Thursday, March 28th. National Bankshares upped their price objective on shares of Suncor Energy from C$57.00 to C$75.00 and gave the company an “outperform” rating in a research note on Friday, April 19th. Wells Fargo & Company upped their price objective on shares of Suncor Energy from C$55.00 to C$60.00 and gave the company an “overweight” rating in a research note on Thursday, April 18th. Royal Bank of Canada upped their price objective on shares of Suncor Energy from C$52.00 to C$58.00 in a research note on Tuesday, April 9th. Finally, Jefferies Financial Group upped their price objective on shares of Suncor Energy from C$50.00 to C$53.00 and gave the company a “hold” rating in a research note on Friday, April 12th. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of C$57.62.

Suncor Energy Trading Down 0.1 %

Shares of Suncor Energy stock opened at C$53.47 on Monday. The firm has a market cap of C$68.98 billion, a price-to-earnings ratio of 8.45, a price-to-earnings-growth ratio of 0.15 and a beta of 1.52. Suncor Energy has a 52-week low of C$37.09 and a 52-week high of C$53.85. The company’s 50-day simple moving average is C$48.93 and its 200-day simple moving average is C$45.79. The company has a quick ratio of 0.83, a current ratio of 1.44 and a debt-to-equity ratio of 36.52.

Suncor Energy (TSE:SU) (NYSE:SU) last released its quarterly earnings data on Wednesday, February 21st. The company reported C$1.26 EPS for the quarter, topping analysts’ consensus estimates of C$1.05 by C$0.21. The firm had revenue of C$14.14 billion for the quarter, compared to the consensus estimate of C$11.33 billion. Suncor Energy had a net margin of 16.90% and a return on equity of 20.07%. As a group, equities research analysts anticipate that Suncor Energy will post 4.7415525 earnings per share for the current year.

Insider Buying and Selling at Suncor Energy

In other Suncor Energy news, Senior Officer Shelley Powell sold 16,400 shares of the stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of C$45.84, for a total transaction of C$751,776.00. In other news, Senior Officer Jacqueline Sue Moore sold 12,000 shares of the firm’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of C$45.83, for a total value of C$549,960.00. Also, Senior Officer Shelley Powell sold 16,400 shares of Suncor Energy stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of C$45.84, for a total transaction of C$751,776.00. 0.01% of the stock is currently owned by insiders.

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.