Suncor Energy (SU) Stock Forecast & Price Target

C$53.08

-2.54 (-4.57%)

(As of 09:51 AM ET)

Suncor Energy - Analysts' Recommendations and Stock Price Forecast (2024)

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 13 Analyst Ratings

Sell
0

Hold
6

Buy
7

Based on 13 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 13 analysts, 6 have given a hold rating, 6 have given a buy rating, and 1 has given a strong buy rating for SU.

Consensus Price Target

C$60.04
7.94% Upside

According to the 13 analysts' twelve-month price targets for Suncor Energy, the average price target is C$60.04. The highest price target for SU is C$73.00, while the lowest price target for SU is C$52.00. The average price target represents a forecasted upside of 7.94% from the current price of C$53.08.

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SU Analyst Ratings Over Time

Type	Current Forecast 10/16/23 to 10/15/24	1 Month Ago 9/16/23 to 9/15/24	3 Months Ago 7/18/23 to 7/17/24	1 Year Ago 10/16/22 to 10/16/23
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	6 Buy rating(s)	6 Buy rating(s)	4 Buy rating(s)	4 Buy rating(s)
Hold	6 Hold rating(s)	6 Hold rating(s)	8 Hold rating(s)	7 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	C$60.04	C$61.96	C$61.54	C$54.71
Forecasted Upside	7.94% Upside	25.10% Upside	15.73% Upside	17.17% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Hold	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	2.62	2.79
Consensus Rating	Moderate Buy	Moderate Buy
News Sentiment Rating	Positive News See Recent SU News	Neutral 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
10/1/2024	TD Securities 4 of 5 stars	M. Hulshof Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy	C$59.00 ➝ C$60.00	+16.17%
9/27/2024	National Bankshares 1 of 5 stars		Lower Target		C$77.00 ➝ C$73.00	+47.39%
9/17/2024	Royal Bank of Canada 4 of 5 stars		Lower Target		C$67.00 ➝ C$64.00	+26.93%
9/16/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold	C$62.00 ➝ C$55.00	+10.53%
8/8/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Barth Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Market Perform	C$51.00 ➝ C$52.00	-4.46%
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%
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7/23/2024	Desjardins Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold	C$56.00 ➝ C$59.00	+12.53%
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
7/12/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$61.00 ➝ C$60.00	+14.53%
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%
5/22/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight	C$61.00 ➝ C$66.00	+18.85%
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%
12/8/2023	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral	C$59.00 ➝ C$52.00	+24.85%
10/20/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$52.50 ➝ C$55.00	+17.57%
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%
11/21/2022	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$60.00	+27.31%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 10:22 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, October 11, 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.:

Suncor Energy Inc. has consistently beaten analysts' earnings per share (EPS) estimates, indicating strong financial performance.
The company has a healthy dividend payout ratio (DPR) of 37.46%, providing investors with a steady income stream.
Recent insider transactions show confidence in the company's future, with senior officers purchasing significant amounts of stock.
Suncor Energy Inc. operates as an integrated energy company, diversifying its revenue streams across different segments.
With a market capitalization of C$63.40 billion, Suncor Energy Inc. is a well-established player in the energy sector.

Suncor Energy
Bear Case

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

The company's stock price may be volatile due to fluctuations in the energy market, impacting investor returns.
While the dividend yield is attractive at 8%, it may not be sustainable if the company faces financial challenges.
High beta of 1.49 indicates higher volatility compared to the market average, posing risks for investors.
Although Suncor Energy Inc. has a low P/E ratio of 8.58, the PEG ratio of 0.15 suggests overvaluation based on future growth prospects.
Investors should closely monitor oil prices and global economic conditions, as they significantly impact Suncor Energy Inc.'s performance.

SU Forecast - Frequently Asked Questions

: According to the research reports of 13 Wall Street equities research analysts, the average twelve-month stock price forecast for Suncor Energy is C$60.04, with a high forecast of C$73.00 and a low forecast of C$52.00.
: 13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Suncor Energy in the last year. There are currently 6 hold ratings, 6 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" SU shares.
: According to analysts, Suncor Energy's stock has a predicted upside of 13.11% based on their 12-month stock forecasts.
: Over the previous 90 days, Suncor Energy's stock had 3 upgrades by analysts.
: Suncor Energy has been rated by research analysts at BMO Capital Markets, Desjardins, Jefferies Financial Group, National Bankshares, Raymond James, Royal Bank of Canada, TD Securities, and Wolfe Research in the past 90 days.
: Analysts like Suncor Energy less than other "energy" companies. The consensus rating score for Suncor Energy is 2.62 while the average consensus rating score for "energy" companies is 2.79. Learn more on how SU compares to other companies.