Investors are poised to add Sun Life Financial, Inc. (SLF) Stock to their long term portfolios

At the time of writing, Sun Life Financial, Inc. [SLF] stock is trading at $48.96, up 0.49%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The SLF shares have gain 0.06% over the last week, with a monthly amount drifted -2.33%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Previously, RBC Capital Mkts upgraded its rating to Outperform on May 15, 2023. On February 10, 2023, downgrade downgraded it’s rating to Neutral. Credit Suisse started tracking the stock assigning a Outperform rating. National Bank Financial downgraded its rating to a Sector Perform. CIBC upgraded its rating to Sector Outperform for this stock on October 05, 2021. In a note dated January 21, 2021, Canaccord Genuity upgraded an Buy rating on this stock.

For the past year, the stock price of Sun Life Financial, Inc. fluctuated between $44.57 and $55.46. Currently, Wall Street analysts expect the stock to reach $54.91 within the next 12 months. Sun Life Financial, Inc. [NYSE: SLF] shares were valued at $48.96 at the most recent close of the market. An investor can expect a potential return of 12.15% based on the average SLF price forecast.

Analyzing the SLF fundamentals

According to Sun Life Financial, Inc. [NYSE:SLF], the company’s sales were 23.32B for trailing twelve months, which represents an -39.65% plunge. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.12%, Pretax Profit Margin comes in at 0.13%, and Net Profit Margin reading is 0.11%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.14 and Total Capital is 0.02. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.27.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 48.62 points at the first support level, and at 48.27 for the second support level. However, for the 1st resistance point, the stock is sitting at 49.19, and for the 2nd resistance point, it is at 49.41.

Ratios To Look Out For

It is important to note that Sun Life Financial, Inc. [NYSE:SLF] has a current ratio of 0.06. Considering the valuation of this stock, the price to sales ratio is 1.22, the price to book ratio is 1.77 and price to earnings (TTM) ratio is 12.50.

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