Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $37.02 on Sun Life Financial Inc. (NYSE:SLF) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $2.91 for the next fiscal and $N/A for underway quarter.
Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Sun Life Financial Inc. (NYSE:SLF) stands at 11.40.
Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Sun Life Financial Inc. Common , the PEG ratio for coming 3-5 years is 1.13.
The technical analysis highlights that Sun Life Financial Inc. Common current is trading $-0.30 points away or -0.93% from its 50-day moving average of $32.41. Further it is trading $0.02 or +0.07% away its 200-day moving average of $32.09.
The 52-week high of Sun Life Financial Inc. (NYSE:SLF) was $35.46 while lowest point recorded in 52-week was $25.31. It implies if stock price makes a movement of over $-3.35, it will record a new 52-week high. In the case of +26.87% drop, it will touch a new 52-week low.
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