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

Suncor Energy (TSE:SU) (NYSE:SU) had its price target lifted by TD Securities from C$52.00 to C$57.00 in a research note issued to investors on Wednesday morning, BayStreet.CA reports. They currently have a hold rating on the stock.

Several other equities analysts also recently weighed in on SU. BMO Capital Markets raised their price objective on Suncor Energy from C$52.00 to C$55.00 in a research note on Thursday, March 28th. Jefferies Financial Group lifted their price target on Suncor Energy from C$50.00 to C$53.00 and gave the stock a hold rating in a research note on Friday, April 12th. Wells Fargo & Company increased their price objective on shares of Suncor Energy from C$55.00 to C$60.00 and gave the company an overweight rating in a research note on Thursday, April 18th. CIBC lifted their target price on shares of Suncor Energy from C$60.00 to C$65.00 and gave the stock an outperform rating in a research report on Monday, April 22nd. Finally, Royal Bank of Canada upped their price target on shares of Suncor Energy from C$58.00 to C$60.00 in a report on Thursday, May 9th. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of Hold and a consensus price target of C$62.42.

Suncor Energy Stock Performance

Shares of SU opened at C$55.06 on Wednesday. The company has a market capitalization of C$70.48 billion, a PE ratio of 9.12, a P/E/G ratio of 0.15 and a beta of 1.50. Suncor Energy has a 52-week low of C$37.09 and a 52-week high of C$56.69. The company 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 quick ratio of 0.83, a current ratio of 1.51 and a debt-to-equity ratio of 36.00.

Suncor Energy (TSE:SU) (NYSE:SU) last issued its earnings results on Wednesday, February 21st. The company reported C$1.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$1.05 by C$0.21. The company had revenue of C$14.14 billion during the quarter, compared to analysts’ expectations of C$11.33 billion. Suncor Energy had a net margin of 15.85% and a return on equity of 18.64%. Equities research analysts predict that Suncor Energy will post 4.9972527 earnings per share for the current fiscal year.

Suncor Energy Dividend Announcement

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

Insider Buying and Selling at Suncor Energy

In related news, Senior Officer Shelley Powell sold 16,400 shares of the stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of C$45.84, for a total transaction of C$751,776.00. 0.01% of the stock is currently owned by insiders.

Suncor Energy Company Profile

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.