TD Securities Boosts Suncor Energy (TSE:SU) Price Target to C$57.00

Suncor Energy (TSE:SU) (NYSE:SU) had its target price boosted by TD Securities from C$52.00 to C$57.00 in a research report released on Wednesday morning, BayStreet.CA reports. TD Securities currently has a hold rating on the stock.

Other analysts have also issued reports about the company. National Bankshares boosted their target price on Suncor Energy from C$57.00 to C$75.00 and gave the company an outperform rating in a research report on Friday, April 19th. Wells Fargo & Company boosted their price objective on Suncor Energy from C$55.00 to C$60.00 and gave the company an overweight rating in a report on Thursday, April 18th. Royal Bank of Canada increased their target price on Suncor Energy from C$58.00 to C$60.00 in a report on Thursday, May 9th. CIBC boosted their price target on shares of Suncor Energy from C$60.00 to C$65.00 and gave the company an outperform rating in a research note on Monday, April 22nd. Finally, Desjardins raised their price objective on shares of Suncor Energy from C$48.50 to C$54.00 and gave the company a hold rating in a research note on Tuesday, April 23rd. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Suncor Energy currently has a consensus rating of Hold and a consensus target price of C$62.42.

Suncor Energy Trading Down 0.2 %

TSE SU opened at C$55.06 on Wednesday. The stock has a market capitalization of C$70.48 billion, a P/E ratio of 9.12, a P/E/G ratio of 0.15 and a beta of 1.50. The business has a 50 day simple moving average of C$52.51 and a 200 day simple moving average of C$47.09. The company has a debt-to-equity ratio of 36.00, a current ratio of 1.51 and a quick ratio of 0.83. Suncor Energy has a one year low of C$37.09 and a one year high of C$56.69.

Suncor Energy (TSE:SU) (NYSE:SU) last announced its quarterly earnings data on Wednesday, February 21st. The company reported C$1.26 EPS for the quarter, topping the consensus estimate of C$1.05 by C$0.21. Suncor Energy had a net margin of 15.85% and a return on equity of 18.64%. The company had revenue of C$14.14 billion during the quarter, compared to the consensus estimate of C$11.33 billion. Research analysts expect that Suncor Energy will post 4.9972527 earnings per share for the current year.

Suncor Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 25th. Stockholders of record on Tuesday, June 4th will be issued a $0.545 dividend. This represents a $2.18 annualized dividend and a dividend yield of 3.96%. The ex-dividend date is Tuesday, June 4th. Suncor Energy’s dividend payout ratio is presently 36.09%.

Insider Activity at Suncor Energy

In other Suncor Energy news, Senior Officer Shelley Powell sold 16,400 shares of the business’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of C$45.84, for a total value of C$751,776.00. 0.01% of the stock is currently owned by company insiders.

About Suncor Energy

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.