Desjardins Raises Suncor Energy (TSE:SU) Price Target to C$54.00

Suncor Energy (TSE:SU) (NYSE:SU) had its price objective raised by Desjardins from C$48.50 to C$54.00 in a research report released on Tuesday, BayStreet.CA reports. The brokerage currently has a hold rating on the stock.

Several other equities research analysts have also weighed in on SU. Wells Fargo & Company lifted their price target on Suncor Energy from C$55.00 to C$60.00 and gave the company an overweight rating in a research report on Thursday, April 18th. National Bankshares lifted their price target 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. Jefferies Financial Group lifted their price target on Suncor Energy from C$50.00 to C$53.00 and gave the company a hold rating in a research report on Friday, April 12th. BMO Capital Markets boosted their target price on Suncor Energy from C$52.00 to C$55.00 in a report on Thursday, March 28th. Finally, TD Securities boosted their target price on Suncor Energy from C$46.00 to C$48.00 and gave the stock a hold rating in a report on Thursday, February 22nd. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Suncor Energy presently has a consensus rating of Hold and a consensus target price of C$57.62.

Suncor Energy Stock Performance

Shares of SU opened at C$53.87 on Tuesday. The stock’s 50-day simple moving average is C$49.52 and its 200 day simple moving average is C$45.97. Suncor Energy has a 52-week low of C$37.09 and a 52-week high of C$54.10. The stock has a market capitalization of C$69.49 billion, a price-to-earnings ratio of 8.51, a price-to-earnings-growth ratio of 0.15 and a beta of 1.52. The company has a debt-to-equity ratio of 36.52, a quick ratio of 0.83 and a current ratio of 1.44.

Suncor Energy (TSE:SU) (NYSE:SU) last announced its quarterly earnings data on Wednesday, February 21st. The company reported C$1.26 earnings per share for the quarter, beating analysts’ consensus estimates of C$1.05 by C$0.21. The company had revenue of C$14.14 billion for the quarter, compared to analysts’ expectations of C$11.33 billion. Suncor Energy had a return on equity of 20.07% and a net margin of 16.90%. Research analysts forecast that Suncor Energy will post 4.7415525 EPS for the current fiscal year.

Suncor Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Monday, March 4th were paid a $0.545 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a $2.18 annualized dividend and a dividend yield of 4.05%. Suncor Energy’s dividend payout ratio is presently 34.44%.

Insiders Place Their Bets

In other Suncor Energy news, Senior Officer Shelley Powell sold 16,400 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of C$45.84, for a total transaction of C$751,776.00. In related news, Senior Officer Jacqueline Sue Moore sold 12,000 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of C$45.83, for a total value of C$549,960.00. Also, Senior Officer Shelley Powell sold 16,400 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of C$45.84, for a total value of C$751,776.00. 0.01% of the stock is owned by company 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.