JPMorgan Chase & Co. Increases Suncor Energy (TSE:SU) Price Target to C$105.00

Key Points

• Suncor Energy (TSE:SU): JPMorgan Chase raised its price target to C$105 (from C$79), implying about a 20.27% upside to the current share price.
• Multiple other analysts also lifted targets (e.g., BMO to C$100, National Bank to C$118, TD to C$91), leaving a consensus target of C$91.86 and a MarketBeat average rating of "Moderate Buy" (seven Buys, two Holds).
• Shares traded at C$87.30 (down 2.4%), with a market cap of C$103.62B, P/E of 18.0, a 52‑week range of C$46.20–C$94.34, and last-quarter EPS of C$1.10.

Suncor Energy (TSE:SU - Get Free Report) NYSE: SU had its price objective hoisted by analysts at JPMorgan Chase & Co. from C$79.00 to C$105.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. JPMorgan Chase & Co.'s price objective points to a potential upside of 20.27% from the company's current price.

A number of other analysts have also recently issued reports on SU. BMO Capital Markets lifted their price objective on Suncor Energy from C$85.00 to C$100.00 in a research report on Wednesday, April 1st. Canadian Imperial Bank of Commerce boosted their price target on Suncor Energy from C$88.00 to C$92.00 in a research report on Thursday, April 2nd. National Bank Financial boosted their price target on Suncor Energy from C$85.00 to C$118.00 and gave the stock an "outperform" rating in a research report on Tuesday, March 31st. TD Securities boosted their price target on Suncor Energy from C$81.00 to C$91.00 and gave the stock a "buy" rating in a research report on Wednesday, April 1st. Finally, Raymond James Financial boosted their price target on Suncor Energy from C$76.00 to C$93.00 in a research report on Monday, March 30th. Seven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Suncor Energy presently has an average rating of "Moderate Buy" and a consensus target price of C$91.86.

Suncor Energy Stock Down 2.4%

SU traded down C$2.11 during trading on Tuesday, reaching C$87.30. 1,175,176 shares of the stock traded hands, compared to its average volume of 7,188,939. The stock has a market cap of C$103.62 billion, a price-to-earnings ratio of 18.00, a price-to-earnings-growth ratio of 0.15 and a beta of 0.23. Suncor Energy has a fifty-two week low of C$46.20 and a fifty-two week high of C$94.34. The company has a debt-to-equity ratio of 40.74, a current ratio of 1.39 and a quick ratio of 0.83. The stock's 50-day simple moving average is C$81.84 and its two-hundred day simple moving average is C$68.39.

Suncor Energy (TSE:SU - Get Free Report) NYSE: SU last released its quarterly earnings data on Tuesday, February 3rd. The company reported C$1.10 earnings per share (EPS) for the quarter. The firm had revenue of C$12.04 billion during the quarter. Suncor Energy had a return on equity of 13.17% and a net margin of 12.10%. As a group, equities research analysts expect that Suncor Energy will post 4.4208333 EPS for the current year.

About Suncor Energy

Suncor Energy Inc is an integrated energy company. The company's operations include oil sands development, production and upgrading, offshore oil and gas, petroleum refining in Canada and the U.S. and the company's PetroCanada retail and wholesale distribution networks. The company is developing petroleum resources while advancing the transition to a low-emissions future through investment in power, renewable fuels and hydrogen. It also conducts energy trading activities focused principally on the marketing and trading of crude oil, natural gas, byproducts, refined products and power.

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