Canadian Imperial Bank of Commerce Forecasts Strong Price Appreciation for Suncor Energy (TSE:SU) Stock
by Mitch Edgeman · The Markets DailySuncor Energy (TSE:SU – Get Free Report) (NYSE:SU) had its price target boosted by research analysts at Canadian Imperial Bank of Commerce from C$88.00 to C$92.00 in a note issued to investors on Thursday,BayStreet.CA reports. Canadian Imperial Bank of Commerce’s price objective suggests a potential upside of 0.43% from the company’s previous close.
Several other equities analysts also recently weighed in on SU. Jefferies Financial Group lifted their price target on shares of Suncor Energy from C$66.00 to C$82.00 in a report on Monday, March 16th. National Bank Financial increased their price objective on shares of Suncor Energy from C$85.00 to C$118.00 and gave the stock an “outperform” rating in a research note on Tuesday. TD Securities raised their price objective on shares of Suncor Energy from C$81.00 to C$91.00 and gave the company a “buy” rating in a research report on Wednesday. Raymond James Financial lifted their target price on shares of Suncor Energy from C$76.00 to C$93.00 in a research note on Monday. Finally, ATB Cormark Capital Markets raised shares of Suncor Energy from a “hold” rating to a “moderate buy” rating in a report on Wednesday. Seven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of C$88.14.
Get Our Latest Analysis on Suncor Energy
Suncor Energy Stock Performance
TSE:SU traded up C$1.32 during mid-day trading on Thursday, hitting C$91.61. 2,365,715 shares of the company traded hands, compared to its average volume of 7,464,279. The company has a quick ratio of 0.83, a current ratio of 1.39 and a debt-to-equity ratio of 40.74. The stock’s fifty day moving average price is C$78.71 and its 200-day moving average price is C$66.54. The firm has a market cap of C$108.73 billion, a price-to-earnings ratio of 18.89, a price-to-earnings-growth ratio of 0.15 and a beta of 0.75. Suncor Energy has a one year low of C$43.59 and a one year high of C$94.34.
Suncor Energy (TSE:SU – Get Free Report) (NYSE:SU) last posted its quarterly earnings data on Tuesday, February 3rd. The company reported C$1.10 EPS for the quarter. The firm had revenue of C$12.04 billion for the quarter. Suncor Energy had a return on equity of 13.17% and a net margin of 12.10%. Research analysts anticipate that Suncor Energy will post 4.4208333 earnings per share for the current fiscal year.
Trending Headlines about Suncor Energy
Here are the key news stories impacting Suncor Energy this week:
- Positive Sentiment: National Bank Financial bumped its price target to C$118 and set an “outperform” rating — a large implied upside that likely pushed investor interest and was cited in coverage. BayStreet.CA – National Bank Raise
- Positive Sentiment: BMO, Wells Fargo and TD each raised their targets (to C$100, C$97 and C$91 respectively) and/or reiterated buy stances — these collective upgrades add credibility to the rally and increase analyst-driven demand. BayStreet.CA – Multiple Raises
- Positive Sentiment: ATB Cormark upgraded Suncor from “hold” to “moderate buy,” another near-term bullish signal cited in market summaries. Zacks.com – ATB Upgrade
- Positive Sentiment: Operationally, Suncor outlined an increased production plan and a renewed push into in‑situ development as some base-plant mining declines — investors view this as supportive of medium-term volumes and cash flow. BNNBloomberg – Increased Production Plan
- Positive Sentiment: Coverage notes and analyst commentary (Raymond James, National Bank commentary summaries) have flagged upside potential, contributing to the stock reaching a new 52-week high in recent sessions. AmericanBankingNews – 52-Week High
- Neutral Sentiment: Some outlets summarized individual analyst expectations (e.g., Raymond James / National Bank pieces) that Suncor should rise — helpful context but largely reiterative of the upgrade flow rather than new fundamental change. AmericanBankingNews – Analyst Notes
- Neutral Sentiment: Scotiabank and Royal Bank raised targets (to C$85 and C$89) but those targets imply limited upside or slight downside versus current levels — this tempers the bullish signal from other firms. BayStreet.CA – Scotiabank / RBC
- Negative Sentiment: Trading volume today is below the stock’s average, suggesting some of the move may be driven by analyst headlines rather than broad market participation; watch for follow-through on volume before assuming a sustained trend. WealthProfessional – In-situ Focus
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.