Suncor Energy Inc. Common Stock (NYSE:SU): Morgan Stanley Keeps Overweight Rating Today, Has a Target of $54/Share

April 17, 2018 - By Hazel Jackson

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

In analysts report released on Monday morning, The Overweight rating of Suncor Energy Inc. Common Stock (NYSE:SU) shares was reaffirmed by Morgan Stanley, who now has a $54 target on the stock. Morgan Stanley’s target suggests a possible upside of 42.56 % from the previous stock close of the company.

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 rating was downgraded by TD Securities on Thursday, November 16 to “Hold”. The firm has “Buy” rating by Piper Jaffray given on Friday, February 9. On Thursday, April 5 the stock rating was maintained by Bank of America with “Buy”. Piper Jaffray maintained Suncor Energy Inc. (NYSE:SU) on Tuesday, January 23 with “Buy” rating. As per Friday, February 9, the company rating was upgraded by TD Securities. The firm has “Buy” rating given on Tuesday, November 21 by Edward Jones. Morgan Stanley maintained Suncor Energy Inc. (NYSE:SU) on Monday, April 16 with “Overweight” rating. The rating was maintained by Piper Jaffray with “Buy” on Thursday, January 11. The rating was upgraded by JP Morgan on Friday, February 9 to “Overweight”.

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

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