TD Securities Boosts Suncor Energy (TSE:SU) Price Target to C$60.00

Suncor Energy (TSE:SU) (NYSE:SU) had its target price boosted by TD Securities from C$59.00 to C$60.00 in a research report released on Tuesday, BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

A number of other analysts also recently commented on the company. Raymond James boosted their target price on Suncor Energy from C$51.00 to C$52.00 and gave the stock a market perform rating in a research report on Thursday, August 8th. Desjardins increased their price objective on shares of Suncor Energy from C$56.00 to C$59.00 and gave the company a hold rating in a research note on Tuesday, July 23rd. Wolfe Research upgraded shares of Suncor Energy to a strong-buy rating in a report on Thursday, July 18th. Jefferies Financial Group reduced their price target on shares of Suncor Energy from C$62.00 to C$55.00 and set a hold rating on the stock in a report on Monday, September 16th. Finally, BMO Capital Markets upgraded shares of Suncor Energy from a market perform rating to an outperform rating and set a C$62.00 price target on the stock in a research report on Wednesday, August 7th. Six equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus target price of C$61.04.

Suncor Energy Stock Performance

TSE:SU opened at C$54.23 on Tuesday. The firm’s fifty day moving average price is C$52.81 and its 200 day moving average price is C$52.48. Suncor Energy has a 1-year low of C$40.07 and a 1-year high of C$57.32. The company has a debt-to-equity ratio of 34.98, a current ratio of 1.46 and a quick ratio of 0.83. The firm has a market cap of C$68.87 billion, a price-to-earnings ratio of 9.32, a price-to-earnings-growth ratio of 0.15 and a beta of 1.49.

Suncor Energy (TSE:SU) (NYSE:SU) last posted its quarterly earnings data on Tuesday, August 6th. The company reported C$1.27 earnings per share for the quarter, beating analysts’ consensus estimates of C$1.06 by C$0.21. The firm had revenue of C$13.04 billion for the quarter, compared to analyst estimates of C$11.59 billion. Suncor Energy had a net margin of 14.87% and a return on equity of 17.68%. On average, sell-side analysts expect that Suncor Energy will post 4.2557377 EPS for the current year.

Suncor Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 25th were given a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a yield of 4.02%. The ex-dividend date was Wednesday, September 4th. Suncor Energy’s dividend payout ratio (DPR) is presently 37.46%.

Insider Buying and Selling at Suncor Energy

In other Suncor Energy news, Senior Officer Jacqueline Sue Moore sold 37,700 shares of the business’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of C$56.54, for a total transaction of C$2,131,558.00. 0.01% of the stock is owned by company insiders.

About Suncor Energy

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.