Suncor Energy (SU) Stock Forecast & Price Target

C$49.60 -0.21 (-0.42%)

(As of 12/20/2024 05:17 PM ET)

Suncor Energy - Analysts' Recommendations and Stock Price Forecast (2025)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 12 Analyst Ratings

Sell
0

Hold
4

Buy
8

Based on 12 Wall Street analysts who have issued ratings for Suncor Energy in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 12 analysts, 4 have given a hold rating, 7 have given a buy rating, and 1 has given a strong buy rating for SU.

Consensus Price Target

C$61.89
24.78% Upside

According to the 12 analysts' twelve-month price targets for Suncor Energy, the average price target is C$61.89. The highest price target for SU is C$69.00, while the lowest price target for SU is C$54.00. The average price target represents a forecasted upside of 24.78% from the current price of C$49.60.

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SU Analyst Ratings Over Time

Type	Current Forecast 12/22/23 to 12/21/24	1 Month Ago 11/22/23 to 11/21/24	3 Months Ago 9/23/23 to 9/22/24	1 Year Ago 12/22/22 to 12/22/23
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	7 Buy rating(s)	6 Buy rating(s)	6 Buy rating(s)	4 Buy rating(s)
Hold	4 Hold rating(s)	5 Hold rating(s)	6 Hold rating(s)	8 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	C$61.89	C$61.81	C$61.25	C$55.24
Forecasted Upside	24.78% Upside	7.49% Upside	21.36% Upside	30.09% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Hold

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SU Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

SU Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Suncor Energy Stock vs. The Competition

Type	Suncor Energy	Energy Companies
Consensus Rating Score	2.75	2.82
Consensus Rating	Moderate Buy	Moderate Buy
News Sentiment Rating	Neutral News See Recent SU News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
12/20/2024	Jefferies Financial Group 2 of 5 stars		Lower Target	Hold	C$62.00 ➝ C$54.00	+7.87%
12/19/2024	National Bankshares 1 of 5 stars		Lower Target	Outperform	C$76.00 ➝ C$65.00	+30.47%
12/13/2024	JPMorgan Chase & Co. 3 of 5 stars		Boost Target		C$59.00 ➝ C$61.00	+16.52%
12/13/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$56.00 ➝ C$55.00	+5.06%
12/9/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$66.00 ➝ C$64.00	+17.30%
11/25/2024	Gerdes Energy Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Set Target	Buy	C$69.00	+21.87%
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11/18/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$61.00 ➝ C$65.00	+13.42%
11/14/2024	Desjardins Subscribe to MarketBeat All Access for the recommendation accuracy rating	C. Macculloch Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Moderate Buy
11/14/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$64.00 ➝ C$66.00	+15.53%
11/13/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$59.00 ➝ C$62.00	+11.87%
11/13/2024	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Hulshof Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		C$60.00 ➝ C$62.00	+11.87%
8/7/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating	R. Ollenberger Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Market Perform ➝ Outperform	C$62.00	+15.52%
7/18/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Leggate Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
5/22/2024	ATB Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sector Perform	C$53.00 ➝ C$57.50	+3.55%
4/22/2024	CIBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	C$60.00 ➝ C$65.00	+21.04%
10/12/2023	National Bank Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$57.00 ➝ C$74.00	+61.29%
4/6/2023	CSFB Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$60.00 ➝ C$56.00	+31.15%
3/27/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$61.00 ➝ C$58.00	+45.77%
2/22/2023	Eight Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Sell ➝ Neutral	C$43.00 ➝ C$50.00	+11.53%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 08:39 AM ET.

Should I Buy Suncor Energy Stock? SU Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, December 13, 2024. Please send any questions or comments about these Suncor Energy pros and cons to contact@marketbeat.com.

Suncor Energy
Bull Case

Here are some ways that investors could benefit from investing in Suncor Energy Inc.:

Current stock price is C$57.21, which is near its 52-week high of C$57.69, indicating strong market performance and investor confidence.
The company has a solid dividend yield of 3.81%, providing a reliable income stream for investors, with a recent quarterly dividend of $0.545 per share.
Suncor Energy Inc. has received positive analyst ratings, with a consensus rating of "Moderate Buy" and an average target price of C$61.81, suggesting potential for price appreciation.
Recent insider selling by senior officers, while often viewed with caution, can also indicate confidence in the company's future as they may be reallocating their investments rather than signaling a lack of faith in the company.
The company has a manageable debt-to-equity ratio of 34.98, indicating a balanced approach to leveraging, which can be attractive to risk-averse investors.

Suncor Energy
Bear Case

Investors should be bearish about investing in Suncor Energy Inc. for these reasons:

Despite a strong market position, the company has a relatively low price-to-earnings (P/E) ratio of 9.83, which may suggest that the stock is undervalued or that there are concerns about future earnings growth.
The stock has experienced fluctuations, with a 52-week low of C$40.07, indicating potential volatility that could deter risk-averse investors.
High beta of 1.47 suggests that the stock is more volatile than the market, which could lead to larger price swings and increased risk for investors.
Recent insider selling, while sometimes interpreted positively, can also raise concerns about the executives' confidence in the company's future performance.
Analyst target prices vary significantly, with some estimates as high as C$76.00, indicating uncertainty in the stock's future trajectory and potential for disappointment.

SU Forecast - Frequently Asked Questions

: According to the research reports of 12 Wall Street equities research analysts, the average twelve-month stock price forecast for Suncor Energy is C$61.89, with a high forecast of C$69.00 and a low forecast of C$54.00.
: 12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Suncor Energy in the last year. There are currently 4 hold ratings, 7 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" SU shares.
: According to analysts, Suncor Energy's stock has a predicted upside of 24.78% based on their 12-month stock forecasts.
: Over the previous 90 days, Suncor Energy's stock had 1 upgrade by analysts.
: Suncor Energy has been rated by research analysts at Desjardins, Gerdes Energy Research, Jefferies Financial Group, JPMorgan Chase & Co., National Bankshares, Raymond James, Royal Bank of Canada, Scotiabank, TD Securities, UBS Group, and Wells Fargo & Company in the past 90 days.
: Analysts like Suncor Energy less than other "energy" companies. The consensus rating score for Suncor Energy is 2.75 while the average consensus rating score for "energy" companies is 2.81. Learn more on how SU compares to other companies.

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This page (TSE:SU) was last updated on 12/21/2024 by MarketBeat.com Staff

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Suncor Energy (SU) Stock Forecast & Price Target