Desjardins Reaffirms Buy Rating on Suncor Energy with C$65.00 Price Target

Desjardins reaffirms their Buy rating on Suncor Energy with a price target of C$65.00. The company has a Moderate Buy analyst consensus and a price target consensus of $44.76, representing a 13.55% upside from current levels. Suncor Energy has a one-year high of $41.95 and a one-year low of $30.79, with an average volume of 4.47M. Corporate insider sentiment is positive, with 23 insiders buying their shares over the past quarter.

Desjardins Group has reaffirmed its "Buy" rating on Suncor Energy Inc. (NYSE:SU - Free Report) with a price target of C$65.00. The financial institution's analysts maintain a "Moderate Buy" consensus rating for the company, with a price target consensus of $44.76, representing a potential 13.55% upside from current levels [1].

Suncor Energy's stock has experienced a range of $41.95 to $30.79 over the past year, with an average trading volume of 4.47 million shares. The company's latest earnings report, released on May 6, 2025, indicated a quarterly earnings per share (EPS) of $0.91, surpassing analysts' consensus estimates of $0.86 by $0.05. Suncor Energy also reported a net margin of 11.95% and a return on equity of 14.90%, along with revenue of $9.10 billion during the quarter [2].

Corporate insider sentiment towards Suncor Energy remains positive, with 23 insiders purchasing shares over the past quarter. This bullish insider activity suggests confidence in the company's future prospects.

Additionally, several institutional investors have recently adjusted their positions in Suncor Energy. The Bank of Nova Scotia reduced its stake in the company by 27.5% in the first quarter, holding 6,873,323 shares after selling over 2.6 million shares [1]. Meanwhile, Ruffer LLP increased its holdings by 3.4%, now owning 973,447 shares valued at approximately $37.7 million [2].

Despite a recent downgrade from "buy" to "hold" by Wall Street Zen, the overall analyst consensus remains positive, with four analysts rating the stock as a "hold," five rating it as a "buy," and two rating it as a "strong buy." The average target price stands at $66.00 [1].

Suncor Energy's quarterly dividend was recently increased to $0.4133 per share, representing an annualized dividend of $1.65 and a yield of 4.2%. This increase reflects the company's commitment to returning value to shareholders [2].

References:
[1] https://www.marketbeat.com/instant-alerts/filing-bank-of-nova-scotia-trims-stock-position-in-suncor-energy-inc-nysesu-2025-08-02/
[2] https://www.marketbeat.com/instant-alerts/filing-suncor-energy-inc-nysesu-shares-acquired-by-ruffer-llp-2025-08-04/