TSX:SLF - Post Discussion
Post by
retiredcf on Sep 12, 2020 7:30am
Top Pick
This was a surprise; last stock in the clip. GLTA
https://www.bnnbloomberg.ca/video/robert-mcwhirter-s-top-picks~2033269
Sun Life Financial (SLF TSX)
Sun Life Financial provides insurance, retirementand wealth management services to individuals and corporations in Canada, the U.S. and Asia. It has a 3.9 per cent yield and a low 16 per cent payout of four quarter trailing cash flow with a significant 20.4 per cent free cash flow yield. This grew 25 per cent year-over-year to $6.6 billion on a four quarter trailing basis. Sun Life’s earnings are forecast to grow 9 per cent to $5.59 in 2021, giving a 2021 price-to-earnings multiple of 9.9 times. Analysts’ earnings estimates for 2021 were revised up by 6 per cent in the past 90 days. Sun Life’s forecast return-on-equity for 2021 is 14.3 per cent (B+). The $60 consensus price target by ten analysts implies 13 per cent potential upside. Sun Life Financial shares are a candidate for purchase in the Canadian Conservative Growth Strategy.
TOP PICK
Sun Life Financial Inc (SLF-T)
September 11, 2020
They have not owned a financial service stock in a long time. They have a $30B market cap. 4% yield. Free cashflow has been growing and earnings are expected to grow through 2021. A potential 13% upside. (Analysts’ price target is $59.11)
Robert McWhirter
Price
$54.320
Owned
Yes
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