Suncor Energy (TSE:SU) Price Target Raised to C$60.00 at TD Securities

Suncor Energy (TSE:SU - Get Free Report) NYSE: SU had its target price hoisted by investment analysts at TD Securities from C$59.00 to C$60.00 in a research report issued to clients and investors on Tuesday, BayStreet.CA reports. The firm presently has a "buy" rating on the stock. TD Securities' target price points to a potential upside of 15.56% from the company's current price.

Several other analysts also recently issued reports on SU. National Bankshares decreased their target price on Suncor Energy from C$77.00 to C$73.00 in a research note on Friday. Scotiabank dropped their target price on shares of Suncor Energy from C$61.00 to C$60.00 in a research report on Friday, July 12th. Royal Bank of Canada decreased their price target on shares of Suncor Energy from C$67.00 to C$64.00 in a research note on Tuesday, September 17th. Raymond James increased their price objective on shares of Suncor Energy from C$51.00 to C$52.00 and gave the company a "market perform" rating in a report on Thursday, August 8th. Finally, Wolfe Research raised Suncor Energy to a "strong-buy" rating in a report on Thursday, July 18th. Six investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Suncor Energy currently has a consensus rating of "Moderate Buy" and a consensus price target of C$61.04.

Suncor Energy Stock Performance

TSE:SU traded up C$2.00 during trading hours on Tuesday, reaching C$51.92. The company had a trading volume of 5,655,011 shares, compared to its average volume of 8,389,536. The firm's 50 day moving average price is C$52.75 and its 200-day moving average price is C$52.39. The firm has a market cap of C$65.94 billion, a price-to-earnings ratio of 8.92, a PEG ratio of 0.15 and a beta of 1.49. The company has a current ratio of 1.46, a quick ratio of 0.83 and a debt-to-equity ratio of 34.98. Suncor Energy has a 52 week low of C$40.07 and a 52 week high of C$57.32.

Suncor Energy (TSE:SU - Get Free Report) NYSE: SU last released its quarterly earnings results on Tuesday, August 6th. The company reported C$1.27 EPS for the quarter, beating the consensus estimate of C$1.06 by C$0.21. The firm had revenue of C$13.04 billion during the quarter, compared to analyst estimates of C$11.59 billion. Suncor Energy had a net margin of 14.87% and a return on equity of 17.68%. On average, analysts forecast that Suncor Energy will post 4.2058333 EPS for the current year.

Insider Activity

In other news, Senior Officer Jacqueline Sue Moore sold 37,700 shares of Suncor Energy stock in a transaction on Monday, August 19th. The stock was sold at an average price of C$56.54, for a total value of C$2,131,558.00. Insiders own 0.01% of the company's stock.

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.