Suncor Energy (TSE:SU) Given New C$92.00 Price Target at Canadian Imperial Bank of Commerce

Suncor Energy (TSE:SU) (NYSE:SU) had its price target increased by Canadian Imperial Bank of Commerce from C$88.00 to C$92.00 in a research report sent to investors on Thursday,BayStreet.CA reports.

Other equities research analysts also recently issued research reports about the company. BMO Capital Markets lifted their target price on Suncor Energy from C$85.00 to C$100.00 in a research report on Wednesday. Jefferies Financial Group increased their price target on Suncor Energy from C$66.00 to C$82.00 in a report on Monday, March 16th. Desjardins raised their price objective on Suncor Energy from C$79.00 to C$85.00 and gave the stock a “buy” rating in a research report on Thursday, February 5th. Wells Fargo & Company boosted their price objective on shares of Suncor Energy from C$74.00 to C$97.00 in a report on Wednesday. Finally, National Bank Financial upped their target price on shares of Suncor Energy from C$85.00 to C$118.00 and gave the company an “outperform” rating in a research report on Tuesday. Seven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$88.14.

Suncor Energy Stock Performance

Suncor Energy stock opened at C$91.72 on Thursday. The firm has a 50 day simple moving average of C$79.17 and a 200-day simple moving average of C$66.71. The stock has a market cap of C$108.86 billion, a price-to-earnings ratio of 18.91, a price-to-earnings-growth ratio of 0.15 and a beta of 0.75. The company has a debt-to-equity ratio of 40.74, a current ratio of 1.39 and a quick ratio of 0.83. Suncor Energy has a 1-year low of C$43.59 and a 1-year high of C$94.34.

Suncor Energy (TSE:SU) (NYSE:SU) last released its quarterly earnings results on Tuesday, February 3rd. The company reported C$1.10 EPS for the quarter. Suncor Energy had a net margin of 12.10% and a return on equity of 13.17%. The firm had revenue of C$12.04 billion for the quarter. On average, analysts expect that Suncor Energy will post 4.4208333 EPS for the current year.

Suncor Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 25th. Stockholders of record on Wednesday, March 25th were given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 2.6%. The ex-dividend date was Wednesday, March 4th. Suncor Energy’s dividend payout ratio (DPR) is currently 47.63%.

Trending Headlines about Suncor Energy

Here are the key news stories impacting Suncor Energy this week:

• Positive Sentiment: BMO Capital Markets raised its price target to C$100 (large upside relative to prior target), signaling stronger earnings/cash‑flow expectations. BayStreet.CA
• Positive Sentiment: Wells Fargo lifted its target to C$97, another materially higher valuation that supports further upside. BayStreet.CA
• Positive Sentiment: TD Securities bumped its target to C$91 and moved to a “buy” rating — an endorsement that likely boosted buying interest. BayStreet.CA
• Positive Sentiment: ATB Cormark upgraded Suncor from “hold” to “moderate buy”, adding to the cluster of positive analyst moves. Zacks.com
• Positive Sentiment: Canadian Imperial Bank of Commerce raised its target to C$92, providing modest incremental upside support. BayStreet.CA
• Positive Sentiment: Analysts at Raymond James and National Bank Financial publicly said the stock is expected to rise, reinforcing bullish sentiment among investors. Raymond James: Stock Price Expected to Rise National Bank Financial: Stock Price Expected to Rise
• Positive Sentiment: Market note: Suncor reached a new 52‑week high following analyst upgrades, which tends to attract momentum flows. 52‑Week High Article
• Positive Sentiment: Operationally, Suncor outlined an increased production plan — a near‑term growth signal that supports higher cash generation. The Daily Chase: Suncor’s increased production plan
• Neutral Sentiment: Suncor is shifting more investment to in-situ production as a base plant mine runs dry — this is a strategic pivot that preserves volumes but may require capital and time. WealthProfessional: Suncor doubles down on in situ
• Negative Sentiment: Scotiabank’s new target of C$85, while higher than its prior target, still implies downside versus the current price — a more conservative view that could cap upside for some investors. BayStreet.CA
• Negative Sentiment: Royal Bank of Canada raised its target to C$89 but it remains slightly below the current trading level, reflecting a cautious stance that could limit buying from more conservative funds. BayStreet.CA

About Suncor Energy

Suncor Energy Inc is an integrated energy company. The company’s operations include oil sands development, production and upgrading, offshore oil and gas, petroleum refining in Canada and the U.S. and the company’s PetroCanada retail and wholesale distribution networks. The company is developing petroleum resources while advancing the transition to a low-emissions future through investment in power, renewable fuels and hydrogen. It also conducts energy trading activities focused principally on the marketing and trading of crude oil, natural gas, byproducts, refined products and power.