ATB Cormark Capital Markets Increases Suncor Energy (TSE:SU) Price Target to C$95.00

Suncor Energy (TSE:SU) (NYSE:SU) had its price target boosted by investment analysts at ATB Cormark Capital Markets from C$71.00 to C$95.00 in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. ATB Cormark Capital Markets’ price target would indicate a potential upside of 2.70% from the company’s previous close.

SU has been the topic of several other research reports. TD Securities upped their price target on shares of Suncor Energy from C$74.00 to C$81.00 in a report on Wednesday, February 4th. Jefferies Financial Group raised their price objective on shares of Suncor Energy from C$66.00 to C$82.00 in a research note on Monday, March 16th. Raymond James Financial lifted their price objective on Suncor Energy from C$73.00 to C$76.00 and gave the stock an “outperform” rating in a research report on Thursday, February 5th. National Bank Financial upped their target price on Suncor Energy from C$72.00 to C$85.00 and gave the company an “outperform” rating in a research note on Tuesday, February 3rd. Finally, Canadian Imperial Bank of Commerce increased their target price on Suncor Energy from C$70.00 to C$88.00 in a report on Monday, March 2nd. Six analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$77.57.

Suncor Energy Trading Up 2.7%

TSE:SU opened at C$92.50 on Friday. The company has a market capitalization of C$109.79 billion, a PE ratio of 19.07, a price-to-earnings-growth ratio of 0.15 and a beta of 0.75. The company has a quick ratio of 0.83, a current ratio of 1.39 and a debt-to-equity ratio of 40.74. Suncor Energy has a 52-week low of C$43.59 and a 52-week high of C$92.56. The stock has a fifty day simple moving average of C$77.38 and a 200-day simple moving average of C$65.84.

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

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.