Suncor Energy (SU) Stock Forecast & Price Target

$34.50 -0.11 (-0.32%)

(As of 12/20/2024 05:45 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 9 Analyst Ratings

Sell
0

Hold
3

Buy
6

Based on 9 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 9 analysts, 3 have given a hold rating, and 6 have given a buy rating for SU.

Consensus Price Target

$58.00
68.12% Upside

According to the 9 analysts' twelve-month price targets for Suncor Energy, the average price target is $58.00. The highest price target for SU is $68.00, while the lowest price target for SU is $45.00. The average price target represents a forecasted upside of 68.12% from the current price of $34.50.

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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	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	6 Buy rating(s)	6 Buy rating(s)	6 Buy rating(s)	4 Buy rating(s)
Hold	3 Hold rating(s)	2 Hold rating(s)	2 Hold rating(s)	4 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$58.00	$56.40	$55.83	$52.00
Forecasted Upside	68.12% Upside	37.23% Upside	50.05% Upside	62.42% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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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	Oils/Energy Companies	S&P 500
Consensus Rating Score	2.67	2.63	2.51
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	68.12% Upside	1,671.89% Upside	14.52% Upside
News Sentiment Rating	Positive News See Recent SU News	Positive 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	Royal Bank of Canada 4 of 5 stars		Reiterated Rating	Outperform ➝ Outperform	$66.00 ➝ $66.00	+89.71%
12/16/2024	Morgan Stanley 3 of 5 stars		Downgrade	Overweight ➝ Equal Weight
11/14/2024	Desjardins 2 of 5 stars	C. Macculloch Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Buy
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
8/7/2024	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Hulshof Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Buy
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	Initiated Coverage	Outperform	$68.00	+75.03%
7/12/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Sector Perform ➝ Sector Perform	$61.00 ➝ $60.00	+56.78%
5/28/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Mccrea Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold
5/23/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$38.00 ➝ $45.00	+10.54%
8/23/2023	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Equal Weight ➝ Overweight	$44.00 ➝ $54.00	+65.80%
7/12/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy
4/28/2023	National Bank Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Sector Perform ➝ Outperform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 10:47 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.:

The recent increase in the quarterly dividend to $0.4089 per share, up from $0.40, reflects the company's commitment to returning value to shareholders. This translates to an annualized dividend of $1.64, providing a dividend yield of 4.14%, which is attractive for income-focused investors.
Suncor Energy Inc. has a relatively low payout ratio of 36.60%, indicating that the company retains a significant portion of its earnings for reinvestment and growth, which can lead to long-term value appreciation.
Recent upgrades from multiple analysts, including a shift from "hold" to "buy" ratings by firms such as StockNews.com and Desjardins, suggest growing confidence in the company's performance and potential for stock price appreciation.
The average target price set by analysts is $56.40, indicating a potential upside for investors based on current market conditions and the company's performance outlook.
Suncor Energy Inc. operates as an integrated energy company, which diversifies its revenue streams across various segments, including Oil Sands, Exploration and Production, and Refining and Marketing, providing stability against market fluctuations.

Suncor Energy
Bear Case

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

Despite the positive outlook, the energy sector can be highly volatile, influenced by fluctuating oil prices and regulatory changes, which may impact Suncor Energy Inc.'s profitability.
While the company has received upgrades, two analysts still maintain a "hold" rating, indicating some uncertainty about the stock's short-term performance.
The integrated nature of Suncor Energy Inc.'s operations means that any downturn in one segment, such as oil sands production, could adversely affect overall performance.
Investors should consider the potential impact of environmental regulations and climate change policies, which could impose additional costs on operations and affect long-term growth prospects.
Current market conditions and economic uncertainties may lead to cautious investor sentiment, which could limit stock price growth despite positive analyst ratings.

SU Forecast - Frequently Asked Questions

: According to the research reports of 9 Wall Street equities research analysts, the average twelve-month stock price forecast for Suncor Energy is $58.00, with a high forecast of $68.00 and a low forecast of $45.00.
: 9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Suncor Energy in the last year. There are currently 3 hold ratings and 6 buy ratings 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 68.12% based on their 12-month stock forecasts.
: Over the previous 90 days, Suncor Energy's stock had 1 upgrade and 1 downgrade by analysts.
: Suncor Energy has been rated by research analysts at Desjardins, Morgan Stanley, and Royal Bank of Canada in the past 90 days.
: Analysts like Suncor Energy more than other "oils/energy" companies. The consensus rating score for Suncor Energy is 2.67 while the average consensus rating score for "oils/energy" companies is 2.63. Learn more on how SU compares to other companies.

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

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Suncor Energy (SU) Stock Forecast & Price Target