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Suncor Energy (SU) Stock Forecast & Price Target

Suncor Energy logo
C$52.56
-0.39 (-0.74%)
(As of 10/31/2024 ET)

Suncor Energy - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Sell
0
Hold
6
Buy
7

Based on 13 Wall Street analysts who have issued ratings for Suncor Energy in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 13 analysts, 6 have given a hold rating, 6 have given a buy rating, and 1 has given a strong buy rating for SU.

Consensus Price Target

C$60.46
15.03% Upside
According to the 13 analysts' twelve-month price targets for Suncor Energy, the average price target is C$60.46. The highest price target for SU is C$73.00, while the lowest price target for SU is C$52.00. The average price target represents a forecasted upside of 15.03% from the current price of C$52.56.
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SU Analyst Ratings Over Time

TypeCurrent Forecast
11/1/23 to 10/31/24
1 Month Ago
10/2/23 to 10/1/24
3 Months Ago
8/3/23 to 8/2/24
1 Year Ago
11/1/22 to 11/1/23
Strong Buy
1 Strong Buy rating(s)
1 Strong Buy rating(s)
1 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
6 Buy rating(s)
6 Buy rating(s)
4 Buy rating(s)
4 Buy rating(s)
Hold
6 Hold rating(s)
6 Hold rating(s)
8 Hold rating(s)
8 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price TargetC$60.46C$61.04C$61.75C$55.72
Forecasted Upside15.03% Upside17.56% Upside21.24% Upside22.84% Upside
Consensus Rating
Moderate Buy
Moderate Buy
Hold
Hold

SU Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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SU Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Suncor Energy Stock vs. The Competition

TypeSuncor EnergyEnergy Companies
Consensus Rating Score
2.62
2.78
Consensus RatingModerate BuyModerate Buy
News Sentiment Rating
Positive News

See Recent SU News
Neutral News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
10/15/2024Raymond James
4 of 5 stars
M. Barth
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Set TargetC$52.00-1.63%
10/1/2024TD Securities
4 of 5 stars
M. Hulshof
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Boost TargetBuyC$59.00 ➝ C$60.00+16.17%
9/27/2024National Bankshares
1 of 5 stars
 Lower TargetC$77.00 ➝ C$73.00+47.39%
9/17/2024Royal Bank of Canada
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 Lower TargetC$67.00 ➝ C$64.00+26.93%
9/16/2024Jefferies Financial Group
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 Lower TargetHoldC$62.00 ➝ C$55.00+10.53%
8/7/2024BMO Capital Markets
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R. Ollenberger
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UpgradeMarket Perform ➝ OutperformC$62.00+15.52%
7/23/2024Desjardins
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 Boost TargetHoldC$56.00 ➝ C$59.00+12.53%
7/18/2024Wolfe Research
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D. Leggate
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UpgradeStrong-Buy
7/12/2024Scotiabank
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 Lower TargetC$61.00 ➝ C$60.00+14.53%
5/22/2024ATB Capital
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 Boost TargetSector PerformC$53.00 ➝ C$57.50+3.55%
5/22/2024Wells Fargo & Company
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 Boost TargetOverweightC$61.00 ➝ C$66.00+18.85%
4/22/2024CIBC
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 Boost TargetOutperformC$60.00 ➝ C$65.00+21.04%
12/8/2023JPMorgan Chase & Co.
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 Lower TargetNeutralC$59.00 ➝ C$52.00+24.85%
10/20/2023UBS Group
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 Boost TargetC$52.50 ➝ C$55.00+17.57%
10/12/2023National Bank Financial
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 Boost TargetC$57.00 ➝ C$74.00+61.29%
4/6/2023CSFB
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 Lower TargetC$60.00 ➝ C$56.00+31.15%
3/27/2023Morgan Stanley
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 Lower TargetC$61.00 ➝ C$58.00+45.77%
2/22/2023Eight Capital
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 UpgradeSell ➝ NeutralC$43.00 ➝ C$50.00+11.53%
11/21/2022Credit Suisse Group
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 Lower TargetC$60.00+27.31%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 07:42 PM ET.


Should I Buy Suncor Energy Stock? SU Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Monday, October 21, 2024. Please send any questions or comments about these Suncor Energy pros and cons to contact@marketbeat.com.

Suncor Energy
Bull Case

green Wall Street bull icon

Here are some ways that investors could benefit from investing in Suncor Energy Inc.:

  • Suncor Energy Inc. has consistently beaten analysts' earnings per share (EPS) estimates, indicating strong financial performance.
  • The company has a healthy dividend payout ratio (DPR) of 37.46%, providing investors with a steady income stream.
  • Recent insider transactions show confidence in the company's future, with senior officers purchasing significant amounts of stock.
  • Suncor Energy Inc. operates as an integrated energy company, diversifying its revenue streams across different segments.
  • With a market capitalization of C$63.40 billion, Suncor Energy Inc. is a well-established player in the energy sector.

Suncor Energy
Bear Case

red Wall Street bear icon

Investors should be bearish about investing in Suncor Energy Inc. for these reasons:

  • The company's stock price may be volatile due to fluctuations in the energy market, impacting investor returns.
  • While the dividend yield is attractive at 8%, it may not be sustainable if the company faces financial challenges.
  • High beta of 1.49 indicates higher volatility compared to the market average, posing risks for investors.
  • Although Suncor Energy Inc. has a low P/E ratio of 8.58, the PEG ratio of 0.15 suggests overvaluation based on future growth prospects.
  • Investors should closely monitor oil prices and global economic conditions, as they significantly impact Suncor Energy Inc.'s performance.

SU Forecast - Frequently Asked Questions

According to the research reports of 13 Wall Street equities research analysts, the average twelve-month stock price forecast for Suncor Energy is C$60.46, with a high forecast of C$73.00 and a low forecast of C$52.00.

13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Suncor Energy in the last year. There are currently 6 hold ratings, 6 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" SU shares.

According to analysts, Suncor Energy's stock has a predicted upside of 15.03% based on their 12-month stock forecasts.

Over the previous 90 days, Suncor Energy's stock had 2 upgrades by analysts.

Suncor Energy has been rated by research analysts at BMO Capital Markets, Jefferies Financial Group, National Bankshares, Raymond James, Royal Bank of Canada, and TD Securities in the past 90 days.

Analysts like Suncor Energy less than other "energy" companies. The consensus rating score for Suncor Energy is 2.62 while the average consensus rating score for "energy" companies is 2.78. Learn more on how SU compares to other companies.


This page (TSE:SU) was last updated on 10/31/2024 by MarketBeat.com Staff
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