Suncor Energy Inc. (SU)

Suncor Energy Stock Forecast

Stock Price Forecast

The 5 analysts with 12-month price forecasts for Suncor Energy stock have an average target of 53.6, with a low estimate of 45 and a high estimate of 60. The average target predicts an increase of 39.15% from the current stock price of 38.52.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$45	$53.6	$54	$60
Change	+16.82%	+39.15%	+40.19%	+55.76%

Analyst Ratings

The average analyst rating for Suncor Energy stock from 6 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Feb '24	Mar '24	Apr '24	May '24	Jun '24	Jul '24
Strong Buy	0	0	0	1	1	1
Buy	3	4	4	4	4	3
Hold	0	0	0	1	1	2
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	3	4	4	6	6	6

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Doug Leggate Wolfe Research	Wolfe Research	Buy Initiates n/a	Buy	Initiates	n/a	n/a	Jul 18, 2024
Jason Bouvier Scotiabank	Scotiabank	Hold Maintains $61 → $60	Hold	Maintains	$61 → $60	+55.76%	Jul 12, 2024
Neil Mehta Goldman Sachs	Goldman Sachs	Strong Buy Maintains $38 → $45	Strong Buy	Maintains	$38 → $45	+16.82%	May 28, 2024
Neil Mehta Goldman Sachs	Goldman Sachs	Strong Buy Maintains $38 → $45	Strong Buy	Maintains	$38 → $45	+16.82%	May 23, 2024
Menno Hulshof TD Securities	TD Securities	Hold Maintains $52 → $57	Hold	Maintains	$52 → $57	+47.98%	May 22, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

50.24B

Decreased by -1.00%

from 50.75B

Revenue Next Year

51.16B

Increased by 1.82%

from 50.24B

EPS This Year

5.70

Decreased by -9.98%

from 6.33

EPS Next Year

5.73

Increased by 0.62%

from 5.70

Year	2019	2020	2021	2022	2023	2024	2025	2026	2027	2028
Revenue	38.99B	25.05B	39.10B	58.47B	50.75B	50.24B	51.16B	45.84B	45.08B	-
Revenue Growth	0.01%	-35.75%	56.08%	49.53%	-13.21%	-1.00%	1.82%	-10.40%	-1.64%	-
EPS	1.86	-2.83	2.77	6.53	6.33	5.70	5.73	6.51	11.68	11.93
EPS Growth	-7.92%	-	-	135.74%	-3.06%	-9.98%	0.62%	13.62%	79.23%	2.21%
Forward PE	-	-	-	-	-	6.76	6.72	5.91	3.30	3.23
No. Analysts	-	-	-	-	-	15	14	9	4	4

Financial currency is CAD. Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025	2026	2027
High	58.7B	67.2B	59.5B	46.0B
Avg	50.2B	51.2B	45.8B	45.1B
Low	30.3B	32.0B	33.1B	42.9B

Revenue Growth

Revenue Growth	2024	2025	2026	2027
High	15.7%	33.7%	16.4%	0.3%
Avg	-1.0%	1.8%	-10.4%	-1.6%
Low	-40.3%	-36.3%	-35.3%	-6.4%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	6.93	7.90	10.04	11.90	12.17
Avg	5.70	5.73	6.51	11.68	11.93
Low	4.75	4.08	4.45	11.11	11.35

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	9.5%	38.6%	75.1%	82.7%	4.2%
Avg	-10.0%	0.6%	13.6%	79.2%	2.2%
Low	-24.9%	-28.5%	-22.4%	70.5%	-2.8%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.