StanCorp Financial Group Upgraded to Neutral at Sterne Agee (SFG)
StanCorp Financial Group (NYSE:SFG) was upgraded by equities researchers at Sterne Agee from an “underperform” rating to a “neutral” rating in a research report issued on Friday, TheFlyOnTheWall.com reports. The firm currently has a $67.00 target price on the stock. Sterne Agee’s price objective would suggest a potential upside of 11.63% from the stock’s previous close. The analysts noted that the move was a valuation call.
StanCorp Financial Group (NYSE:SFG) traded up 0.55% during mid-day trading on Friday, hitting $60.35. The stock had a trading volume of 148,854 shares. StanCorp Financial Group has a 1-year low of $42.42 and a 1-year high of $69.51. The stock has a 50-day moving average of $65.37 and a 200-day moving average of $63.94. The company has a market cap of $2.638 billion and a P/E ratio of 11.70.
StanCorp Financial Group (NYSE:SFG) last announced its earnings results on Wednesday, April 23rd. The company reported $1.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by $0.08. The company had revenue of $691.20 million for the quarter, compared to the consensus estimate of $726.15 million. During the same quarter in the previous year, the company posted $1.05 earnings per share. The company’s revenue for the quarter was down 4.3% on a year-over-year basis. On average, analysts predict that StanCorp Financial Group will post $5.21 earnings per share for the current fiscal year.
A number of other firms have also recently commented on SFG. Analysts at Credit Suisse reiterated a “neutral” rating on shares of StanCorp Financial Group in a research note on Thursday. They now have a $65.00 price target on the stock. Separately, analysts at Morgan Stanley reiterated an “underweight” rating on shares of StanCorp Financial Group in a research note on Thursday. They now have a $64.00 price target on the stock. Finally, analysts at Zacks downgraded shares of StanCorp Financial Group from an “outperform” rating to a “neutral” rating in a research note on Friday, March 14th. They now have a $70.00 price target on the stock. Three investment analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. StanCorp Financial Group currently has a consensus rating of “Hold” and an average target price of $62.63.
StanCorp Financial Group, Inc (NYSE:SFG) is a holding company.
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