Sun Life Financial Inc. (NYSE:SLF) traded with a subtraction of -$0.05 to $47.52 on Thursday, a downside of -0.11 percent. An average of 470,844 shares of common stock have been traded in the last five days. There was a fall of -$0.70 in the past week, and it reached a new high 23 times over the past 12 months. The last 20 days have seen an average of 523,421 shares traded, while the 50-day average volume stands at 457,092.
SLF stock has decreased by -9.88% in the last month. The company shares reached their 1-month lowest point of $46.74 on 08/22/23. With the stock rallying to its 52-week high on 07/31/23, shares of the company touched a low of $37.96 and a high of $53.21 in 52 weeks. It has reached a new high 21 times so far this year and achieved 2.37% or $1.09 in price. In spite of this, the price is down -10.69% from the 52-week high.
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Valuation Metrics
Sun Life Financial Inc. (SLF) has a trailing price-to-earnings (P/E) ratio of 13.55. The stock’s beta is 1.03. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.01, the price-to-book (PB) ratio at 1.82, and the price-to-cash flow ratio at 13.05.
The company has a payout ratio of 79.40%. The company’s most recent quarterly dividend payment was $0.5660 a share, representing a up of 2.17% from $0.5540 last year.
Financial Health
Further, the company has a long term debt to equity ratio of 0.33 and a total debt to equity ratio of 0.33 for the quarter ending June 29. Its gross profit as reported stood at $3.02 billion compared to revenue of $17.94 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Sun Life Financial Inc.’s return on assets was 0.90%.
Earnings Surprise
In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $1.91 billion in the quarter, while revenues were grew 100.0%. The analyst consensus anticipated Sun Life Financial Inc.’s latest quarter earnings to come in at $1.15 per share, but it turned out to be $1.16, a 0.90% surprise. For the quarter, EBITDA amounted to $874.71 million. At the end of the quarter ending June 29, Sun Life Financial Inc.’s stock balance sheet showed total debt was $7.03 billion.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Sun Life Financial Inc. (SLF) price momentum. RSI 9-day as of the close on 23 August was 24.89%, suggesting the stock is oversold, with historical volatility in this time frame at 13.42%.
As of today, SLF’s price is $47.38 -1.45% or -$0.70 from its 5-day moving average. SLF is currently trading -9.50% lower than its 20-day SMA and +1.73% higher than its 100-day SMA. However, the stock’s current price level is -6.64% below the SMA50 and +6.81% above the SMA200.
The stochastic %K and %D were 11.07% and 7.08%, respectively, and the average true range (ATR) was 0.82. With the 14-day stochastic at 14.37% and the average true range at 0.78, the RSI (14) stands at 27.73%. The stock has reached -0.74 on the 9-day MACD Oscillator while the 14-day reading was at -1.77.
Analyst Ratings
RBC Capital Mkts upgraded Sun Life Financial Inc. (NYSE: SLF) to a an Outperform rating in its most recent analyst report. Previously, the stock was rated as a Sector perform. The consensus rating for Sun Life Financial Inc. (SLF) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell SLF, while 5 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 8 others rate it as a “buy”.
What is SLF’s price target for the next 12 months?
Analysts predict a range of price targets between $45.41 and $58.25, with a median target of $55.83. Taking a look at these predictions, the average price target given by analysts for Sun Life Financial Inc. (SLF) stock is $54.77.
