Sun Life Financial, Inc (SLF) stock hits $60.22: Is it a good time to buy or wait for a dip?

A share price of Sun Life Financial, Inc [SLF] is currently trading at $60.22, up 0.62%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The SLF shares have gain 2.26% over the last week, with a monthly amount glided 5.00%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

On May 15, 2023, upgrade upgraded it’s rating to Outperform. CIBC downgraded its rating to a Neutral. Credit Suisse initiated its recommendation with a Outperform. National Bank Financial downgraded its rating to Sector Perform for this stock on February 10, 2022. In a note dated October 05, 2021, CIBC upgraded an Sector Outperform rating on this stock.

Sun Life Financial, Inc experienced fluctuations in its stock price throughout the past year between $46.41 and $59.98. 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 $60.22 at the most recent close of the market. An investor can expect a potential drop of -8.82% based on the average SLF price forecast.

Analyzing the SLF fundamentals

Trailing Twelve Months sales for Sun Life Financial, Inc [NYSE:SLF] were 38.08B which represents 83.65% growth. Gross Profit Margin for this corporation currently stands at 1.04% with Operating Profit Margin at 0.29%, Pretax Profit Margin comes in at 0.12%, and Net Profit Margin reading is 0.1%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.14 and Total Capital is 0.03. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.29.

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 59.77 points at the first support level, and at 59.31 for the second support level. However, for the 1st resistance point, the stock is sitting at 60.53, and for the 2nd resistance point, it is at 60.83.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Sun Life Financial, Inc [NYSE:SLF] is 92.19. Considering the valuation of this stock, the price to sales ratio is 1.27, the price to book ratio is 2.04 and price to earnings (TTM) ratio is 13.41.

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