Analyst Revises Sun Life Financial Inc. (NYSE:SLF) Stock Target


Sun Life Financial Inc. (NYSE:SLF) mean price target has been set at $37.290 by Thomson Reuters. The group worked out on the stock recommendations given by analysts in the First Call poll. Further, it is possible that the company may register per share earnings of $0.940 in the near-term quarter and $3.750 for the ongoing fiscal. The market cap of Sun Life Financial Inc. Common was recorded at $21.06B after the stock closed at $34.375 in last trading day. What The Valuation Says? The price/earnings ratio is taken in the list of ratios that leads to a stock’s valuation. Commonly named as P/E ratio, it helps investors know where the company stands in the market. It is derived by dividing share’s latest price by per-share earnings. Sun Life Financial Inc. (NYSE:SLF) has a P/E ratio of 11.952. Investors can identify how the stock is doing in the market by estimating Price-to-Earnings Growth ratio. Sun Life Financial Inc. (NYSE:SLF) PEG ratio sits at 0.900. A low PEG ratio offers an investment opportunity to the opportunistic traders and investors. In case a stock has a reading in between 0 and 1, it represents undervalued stock. A reading of 1 and 2 represents fairly priced stocks. Technical Perspective The technical analysis of Sun Life Financial Inc. Common visibly illustrates that the 50-day MA of Sun Life Financial Inc. Common is $33.964, and stock is trading 0.411 or +1.210% distant from $33.964. The 200-day MA is $31.428, and this price is $2.947 or +9.376% off from current level. Sun Life Financial Inc. (NYSE:SLF) 52-week high is $35.460 and the 52-week low is $25.310. This represents that if the stock moves $-1.085 points up on the chart to make a 52-week high. But, if it declines $+35.816%, then the shares price can hit a new 52-week low.

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