TD Securities Issues Positive Forecast for Suncor Energy (TSE:SU) Stock Price

Suncor Energy (TSE:SU) (NYSE:SU) had its price target upped by TD Securities from C$81.00 to C$91.00 in a research report report published on Wednesday,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

SU has been the topic of several other research reports. Jefferies Financial Group raised their price target on shares of Suncor Energy from C$66.00 to C$82.00 in a research note on Monday, March 16th. Desjardins increased their price objective on Suncor Energy from C$79.00 to C$85.00 and gave the stock a “buy” rating in a report on Thursday, February 5th. Raymond James Financial raised their target price on Suncor Energy from C$76.00 to C$93.00 in a research report on Monday. BMO Capital Markets lifted their target price on Suncor Energy from C$85.00 to C$100.00 in a research note on Wednesday. Finally, Scotiabank boosted their price target on Suncor Energy from C$80.00 to C$85.00 in a research report on Wednesday. Six investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$87.86.

Suncor Energy Stock Down 1.9%

Suncor Energy stock opened at C$90.29 on Wednesday. The company has a 50-day simple moving average of C$78.71 and a 200-day simple moving average of C$66.54. The firm has a market capitalization of C$107.17 billion, a P/E ratio of 18.62, a P/E/G ratio of 0.15 and a beta of 0.75. The company has a debt-to-equity ratio of 40.74, a quick ratio of 0.83 and a current ratio of 1.39. Suncor Energy has a one year low of C$43.59 and a one year high of C$94.34.

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

Suncor Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 25th. Investors of record on Wednesday, March 25th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Wednesday, March 4th. Suncor Energy’s payout ratio is presently 47.63%.

Key Suncor Energy News

Here are the key news stories impacting Suncor Energy this week:

• Positive Sentiment: BMO Capital Markets raised its price target to C$100, signaling stronger earnings/valuation expectations from a major bank. BMO target raise
• Positive Sentiment: Wells Fargo lifted its target to C$97, another sizable upgrade supporting upside versus recent levels. Wells Fargo target raise TickerReport Item
• Positive Sentiment: TD Securities raised its target to C$91 and now has a “buy” rating — incremental buying support from a large dealer. TD Securities rating
• Positive Sentiment: National Bank Financial bumped its target sharply to C$118 and assigned an “outperform” — the most bullish analyst call and a material upside thesis for investors. National Bank target raise
• Positive Sentiment: Raymond James reiterated/updated a positive view and media coverage notes SU reached a new 52‑week high after analyst upgrades, reflecting strong recent momentum. Raymond James coverage 52-week high note
• Neutral Sentiment: BNN Bloomberg reports Suncor has increased its production plan — positive for long‑term volume but may require capital allocation choices; investors should watch production timing and capex guidance. BNNBloomberg article
• Neutral Sentiment: Industry coverage notes Suncor is “doubling down” on in‑situ thermal projects as output from a base plant/mine runs down — signals a strategic shift that may boost long‑term resource life but could raise near‑term execution and capex risk. WealthProfessional article
• Negative Sentiment: Scotiabank’s new target (C$85) implies downside versus recent trade, which could cap the stock for investors who follow that house. Scotiabank target
• Negative Sentiment: RBC’s target at C$89 sits marginally below recent prices, offering a more cautious signal from another large bank. RBC target

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.