Suncor Energy (SU) Given New C$55.00 Price Target at Canaccord Genuity

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Suncor Energy (TSE:SU) (NYSE:SU) had its price target decreased by research analysts at Canaccord Genuity from C$65.00 to C$55.00 in a research note issued on Thursday. Canaccord Genuity’s price target indicates a potential upside of 36.31% from the stock’s current price.

A number of other analysts also recently issued reports on SU. National Bank Financial lifted their price target on Suncor Energy from C$65.00 to C$67.00 in a report on Friday, October 5th. CIBC reaffirmed an “outperform” rating and set a C$64.00 price target on shares of Suncor Energy in a report on Friday, October 5th. Raymond James lifted their price target on Suncor Energy from C$69.00 to C$70.00 in a report on Friday, October 5th. BMO Capital Markets lifted their price target on Suncor Energy from C$60.00 to C$65.00 in a report on Tuesday, October 9th. Finally, AltaCorp Capital raised Suncor Energy from a “sector perform” rating to an “outperform” rating in a report on Wednesday, October 17th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Suncor Energy currently has a consensus rating of “Buy” and a consensus target price of C$56.56.

Shares of TSE SU opened at C$40.35 on Thursday. The company has a quick ratio of 0.58, a current ratio of 0.93 and a debt-to-equity ratio of 36.41. Suncor Energy has a 1 year low of C$35.53 and a 1 year high of C$55.47.

Suncor Energy (TSE:SU) (NYSE:SU) last announced its quarterly earnings results on Wednesday, October 31st. The company reported C$0.95 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of C$0.92 by C$0.03. The business had revenue of C$10.86 billion for the quarter, compared to analysts’ expectations of C$12.09 billion. Analysts expect that Suncor Energy will post 3.54999991414206 EPS for the current fiscal year.

About Suncor Energy

Suncor Energy Inc operates as an integrated energy company. The company primarily focuses on developing petroleum resource basins in Canada's Athabasca oil sands; explores, acquires, develops, produces, and markets crude oil and natural gas in Canada and internationally; transports and refines crude oil; markets petroleum and petrochemical products primarily in Canada.

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