Canadian stock alert

CANA

CLOSING UPDATE: Sun Life Financial keeps rising: up 3.9% in 4 days 17 August 2018 18:18 EDT

NEWS BITES - NORTH AMERICA

This is an end of day Alert, produced after today's Canadian market close. It concludes the BSS News Bites intra-day Alert series (summaries below).

Sun Life Financial, Canada's largest insurance company by market capitalisation, extended its gains on Friday, rising an additional 13.0c (or 0.2%) to trade at CAD53.03. Trading volume was 82% of average at the end of the day.

Technical indicators complementing today's significant uptrend:

+ The 4.6% discount to 12-month high of CAD55.61 against the 15.8% premium to 12-month low of CAD45.79 suggests the stock continues to push for new highs.

+ In the last three months the stock has hit a new 52-week high twice.

Fundamental measures by comparison with the sector average [in brackets] indicate:

Undervaluation:

+ Return on Equity 13.7% [3.4%]

+ Return on Assets 1.1% [0.3%]

Other Bullish Signals include:

+ Interest cover is less leveraged at 11.9 times.

+ Tobin's Q Ratio is 0.1. Compared with the rest of the market the stock is undervalued and ranks in the top 3% of stock by value of Q Ratio.

+ Net profit margin has averaged 11.3% in the last 3 years. This is better than the sector average of 5.2% and suggests a high margin of safety.

+ As per the Du Pont analysis, Return on Equity of 13.7% is better than sector average of 3.4%.

Note

The stock has outperformed 56% of the Canadian market over the past 6 months.

Bearish Signals:

The negative 0.24 MACD (Moving Average Convergence Divergence) indicator suggests a bearish signal.

The price decreased 1.3% in the last month.

Fundamental measures by comparison with the sector average [in brackets] indicate:

Overvaluation:

Price to Book of 2.1 [0.4]

Year-on-Year Earnings Growth of 13.5% [18.9%]

TODAY'S ALERT

Afternoon Alert: Sun Life Financial keeps rising: up 3.8% in 4 days

17 August 2018 12:14 EDT

Sun Life Financial Inc. (TSX:SLF) extended its gains on Friday, rising an additional 9.0c (or 0.2%) to trade at CAD52.99. Trading volume was 76% of average so far today.

RECENT ALERTS

CLOSING UPDATE: Sun Life Financial increases further 0.4%, led Insurance sector higher

15 August 2018 18:15 EDT

Sun Life Financial, Canada's largest insurance company by market capitalisation, has increased 0.7% to trade at CAD52.38 vs. the Insurance sector which strengthened 7.4 points (or 0.6%) to 1,355.9. Representing a weighting of about 57.7% of the sector, the stock accounted for 76.7% of today's gain. Trading volume was 1.2 times average at the end of the day. Compared with the S&P/TSX 60 Index which fell 12.5 points (or 1.3%) in the day, this represented a relative price increase of 2.1%.

Afternoon Alert: Sun Life Financial increases 0.3%, leads Insurance sector higher

15 August 2018 14:43 EDT

Sun Life Financial Inc. (TSX:SLF) has increased 0.3% to trade at CAD52.18 vs. the Insurance sector which strengthened 4.5 points (or 0.3%) to 1,353.1. Representing a weighting of about 57.6% of the sector, the stock accounted for 58.7% of today's gain. Trading volume was 75% of average so far today.

Sun Life Financial Inc. (T:SLF; TSE:SLF; N:SLF; CN:SLF)

ISIN: CA8667961053

PermID: 4295861241

CIK: Sun Life Financial Inc.

Source: www.BuySellSignals.com