CIBC Boosts Suncor Energy (TSE:SU) Price Target to C$65.00

Suncor Energy (TSE:SU) (NYSE:SU) had its price objective boosted by CIBC from C$60.00 to C$65.00 in a report issued on Monday, BayStreet.CA reports. CIBC currently has an outperform rating on the stock.

A number of other equities analysts also recently weighed in on SU. National Bankshares upped their price target on Suncor Energy from C$57.00 to C$75.00 and gave the stock an outperform rating in a research report on Friday, April 19th. Royal Bank of Canada increased their price objective on shares of Suncor Energy from C$52.00 to C$58.00 in a research note on Tuesday, April 9th. TD Securities raised their price objective on Suncor Energy from C$46.00 to C$48.00 and gave the company a hold rating in a report on Thursday, February 22nd. BMO Capital Markets upped their target price on Suncor Energy from C$52.00 to C$55.00 in a report on Thursday, March 28th. Finally, Desjardins raised their price target on Suncor Energy from C$46.00 to C$48.50 and gave the company a hold rating in a research note on Friday, March 22nd. Six research 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, the stock currently has an average rating of Hold and a consensus target price of C$57.62.

Suncor Energy Trading Up 0.6 %

TSE SU opened at C$53.79 on Monday. The company has a current ratio of 1.44, a quick ratio of 0.83 and a debt-to-equity ratio of 36.52. Suncor Energy has a 12 month low of C$37.09 and a 12 month high of C$53.85. The company has a market capitalization of C$69.39 billion, a PE ratio of 8.50, a P/E/G ratio of 0.15 and a beta of 1.52. The stock has a 50-day simple moving average of C$49.15 and a 200 day simple moving average of C$45.84.

Suncor Energy (TSE:SU) (NYSE:SU) last issued its quarterly earnings data on Wednesday, February 21st. The company reported C$1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.05 by C$0.21. The business had revenue of C$14.14 billion during the quarter, compared to analyst estimates 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 year.

Suncor Energy Announces Dividend

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

Insider Activity at Suncor Energy

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