Raymond James Reaffirms Their Buy Rating on Suncor Energy (SU)
Raymond James analyst Michael Barth, CFA maintained a Buy rating on Suncor Energy on March 27 and set a price target of C$93.00. The company’s shares closed last Friday at C$92.50.
End of Quarter Sale - 50% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Barth, CFA covers the Energy sector, focusing on stocks such as Enbridge, Imperial Oil, and TC Energy. According to TipRanks, Barth, CFA has an average return of 34.5% and an 86.59% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Suncor Energy with a C$82.95 average price target, a -10.32% downside from current levels. In a report released on March 27, UBS also maintained a Buy rating on the stock with a C$103.00 price target.
Based on Suncor Energy’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of C$11.28 billion and a net profit of C$1.48 billion. In comparison, last year the company earned a revenue of C$12.53 billion and had a net profit of C$818 million
Based on the recent corporate insider activity of 37 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SU in relation to earlier this year.
Read More on SU:
Disclaimer & DisclosureReport an Issue
- Suncor price target raised to C$86 from C$60 at Morgan Stanley
- Suncor Energy Updates and Files Revised Business Conduct and Accounting Control Standards
- Suncor price target raised to C$80 from C$70 at Scotiabank
- Suncor to Outline Strategy at 2026 Investor Day
- Investors Turn to Canada in Search of ‘HALO Stocks.’ Here’s the Hot New Trade
