Suncor Energy, Inc. [SU] stock is trading at $39.00, up 1.11%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The SU shares have gain 5.66% over the last week, with a monthly amount glided 11.72%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Suncor Energy, Inc. [NYSE: SU] stock has seen the most recent analyst activity on September 28, 2023, when TD Securities downgraded its rating to a Hold. Previously, Desjardins downgraded its rating to Hold on September 18, 2023. On August 23, 2023, upgrade upgraded it’s rating to Overweight. BMO Capital Markets downgraded its rating to a Market Perform. UBS initiated its recommendation with a Buy. National Bank Financial upgraded its rating to Outperform for this stock on April 28, 2023. In a note dated March 21, 2023, Scotiabank downgraded an Sector Perform rating on this stock.
Suncor Energy, Inc. [SU] stock has fluctuated between $27.59 and $38.69 over the past year. Currently, Wall Street analysts expect the stock to reach $36.54 within the next 12 months. Suncor Energy, Inc. [NYSE: SU] shares were valued at $39.00 at the most recent close of the market. An investor can expect a potential drop of -6.31% based on the average SU price forecast.
Analyzing the SU fundamentals
Suncor Energy, Inc. [NYSE:SU] reported sales of 36.37B for the trailing twelve months, which represents a drop of -8.27%. Gross Profit Margin for this corporation currently stands at 0.47% with Operating Profit Margin at 0.18%, Pretax Profit Margin comes in at 0.21%, and Net Profit Margin reading is 0.16%. To continue investigating profitability, this company’s Return on Assets is posted at 0.09, Equity is 0.2 and Total Capital is 0.12. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.28.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 38.46 points at the first support level, and at 37.92 for the second support level. However, for the 1st resistance point, the stock is sitting at 39.28, and for the 2nd resistance point, it is at 39.56.
Suncor Energy, Inc. [SU] reported earnings per share of $0.93 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.81/share, meaning a difference of $0.12 and a surprise factor of 14.80%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $1.13 per share as compared to estimates of $0.99 per share, a difference of $0.14 representing a surprise of 14.10%.
Ratios To Look Out For
For context, Suncor Energy, Inc.’s Current Ratio is 1.44. In addition, the Quick Ratio stands at 0.88 and the Cash Ratio stands at 0.18. Considering the valuation of this stock, the price to sales ratio is 1.38, the price to book ratio is 1.53 and price to earnings (TTM) ratio is 8.32.
