Morgan Stanley Has Just Reaffirmed $54 Target Price Per Share on Suncor Energy Inc. Common Stock (NYSE:SU) stock, While They’ve Also Reiterated Their “Overweight” Rating

April 17, 2018 - By Henry Gaston

Suncor Energy Inc. (NYSE:SU) Logo

Suncor Energy Inc. Common Stock (NYSE:SU) Rating Reaffirmed

They currently have a $54 TP on Suncor Energy Inc. Common Stock (NYSE:SU). The target price by Morgan Stanley would suggest a potential upside of 42.56 % from the company’s last stock price. This has been revealed to investors in analysts note on Monday morning.

Suncor Energy Inc. (NYSE:SU) Ratings Coverage

Among 7 analysts covering Suncor Energy Inc. Common Stock (NYSE:SU), 7 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Suncor Energy Inc. Common Stock has $54 highest and $41 lowest target. $47’s average target is 24.08% above currents $37.88 stock price. Suncor Energy Inc. Common Stock had 11 analyst reports since November 16, 2017 according to SRatingsIntel. The firm earned “Buy” rating on Tuesday, November 21 by Edward Jones. The rating was upgraded by TD Securities to “Buy” on Friday, February 9. JP Morgan upgraded Suncor Energy Inc. (NYSE:SU) on Friday, February 9 to “Overweight” rating. The stock has “Buy” rating by Bank of America on Thursday, April 5. The stock of Suncor Energy Inc. (NYSE:SU) has “Buy” rating given on Friday, February 9 by Piper Jaffray. Piper Jaffray maintained Suncor Energy Inc. (NYSE:SU) on Tuesday, January 23 with “Buy” rating. The stock has “Hold” rating by TD Securities on Thursday, November 16. The stock of Suncor Energy Inc. (NYSE:SU) has “Overweight” rating given on Monday, April 16 by Morgan Stanley. The rating was maintained by Piper Jaffray on Thursday, January 11 with “Buy”.

The stock increased 0.92% or $0.35 during the last trading session, reaching $37.88. About 1.02 million shares traded. Suncor Energy Inc. (NYSE:SU) has risen 13.82% since April 17, 2017 and is uptrending. It has outperformed by 2.27% the S&P500.

Analysts await Suncor Energy Inc. (NYSE:SU) to report earnings on April, 25. They expect $0.47 EPS, up 27.03 % or $0.10 from last year’s $0.37 per share. SU’s profit will be $740.71M for 20.15 P/E if the $0.47 EPS becomes a reality. After $0.62 actual EPS reported by Suncor Energy Inc. for the previous quarter, Wall Street now forecasts -24.19 % negative EPS growth.

Suncor Energy Inc. operates as an integrated energy company. The company has market cap of $59.70 billion. The firm primarily focuses on developing petroleum resource basins in Canada's Athabasca oil sands; explores, acquires, develops, produces, and markets natural gas and crude oil in Canada and internationally; transports and refines crude oil; markets petroleum and petrochemical products primarily in Canada; and markets third party petroleum products. It has a 18.11 P/E ratio. It operates in Oil Sands; Exploration and Production; Refining and Marketing; and Corporate, Energy Trading and Eliminations divisions.

Suncor Energy Inc. (NYSE:SU) Ratings Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.