Deutsche Bank Begins Coverage on StanCorp Financial Group (SFG)
Investment analysts at Deutsche Bank assumed coverage on shares of StanCorp Financial Group (NYSE:SFG) in a note issued to investors on Wednesday, TheFlyOnTheWall.com reports. The firm set a “hold” rating on the stock.
StanCorp Financial Group (NYSE:SFG) opened at 66.09 on Wednesday. StanCorp Financial Group has a 52 week low of $52.74 and a 52 week high of $69.51. The stock’s 50-day moving average is $62.65 and its 200-day moving average is $63.38. The company has a market cap of $2.834 billion and a price-to-earnings ratio of 13.44.
StanCorp Financial Group (NYSE:SFG) last posted its quarterly earnings results on Wednesday, July 23rd. The company reported $0.96 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.22 by $0.26. The company had revenue of $701.10 million for the quarter, compared to the consensus estimate of $701.60 million. During the same quarter in the previous year, the company posted $1.30 earnings per share. The company’s revenue for the quarter was down 2.2% on a year-over-year basis. Analysts expect that StanCorp Financial Group will post $4.79 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Credit Suisse reiterated a “neutral” rating on shares of StanCorp Financial Group in a research note on Thursday, July 24th. They now have a $63.00 price target on the stock, down previously from $65.00. Analysts at Zacks reiterated a “neutral” rating on shares of StanCorp Financial Group in a research note on Thursday, July 24th. They now have a $65.00 price target on the stock. One investment analyst has rated the stock with a sell rating and seven have issued a hold rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $62.83.
StanCorp Financial Group, Inc (NYSE:SFG) is a holding company.
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