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

Desjardins set a C$107.00 target price on Suncor Energy (TSE:SU) (NYSE:SU) in a research note published on Friday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock.

A number of other research firms also recently commented on SU. Canadian Imperial Bank of Commerce increased their target price on Suncor Energy from C$88.00 to C$92.00 in a research report on Thursday, April 2nd. ATB Cormark Capital Markets upgraded shares of Suncor Energy from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, April 1st. TD upped their price target on shares of Suncor Energy from C$91.00 to C$113.00 and gave the company a “buy” rating in a research note on Thursday, April 16th. 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. Finally, National Bank Financial lifted their price objective on shares of Suncor Energy from C$85.00 to C$118.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 31st. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Suncor Energy has an average rating of “Moderate Buy” and an average target price of C$95.62.

Suncor Energy Stock Performance

Shares of SU stock opened at C$87.53 on Friday. 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 stock has a market capitalization of C$103.35 billion, a price-to-earnings ratio of 16.64, a price-to-earnings-growth ratio of 0.15 and a beta of 0.17. Suncor Energy has a 12-month low of C$52.75 and a 12-month high of C$96.53. The stock’s 50-day moving average price is C$85.30 and its 200-day moving average price is C$81.18.

Suncor Energy (TSE:SU) (NYSE:SU) last announced its quarterly earnings results on Tuesday, May 5th. The company reported C$1.93 EPS for the quarter. The company had revenue of C$14.48 billion during the quarter. Suncor Energy had a return on equity of 14.01% and a net margin of 12.17%. Equities research analysts predict that Suncor Energy will post 4.4208333 EPS for the current fiscal year.

Suncor Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Thursday, June 25th were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Thursday, June 4th. Suncor Energy’s dividend payout ratio (DPR) is presently 44.49%.

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.