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Wed, 13 Oct at 9:31 amWednesday, 13 October 2021SUN - SUNCORP GROUP LIMITED
Credit Suisse rates SUN as Outperform (1) - Credit Suisse adjusts earnings forecasts to allow for investment market movements. Overall, small positive movements from credit spreads were offset by slight decreases in investment markets.
The broker retains an Outperform rating with a $13.91 target.
Target price is $13.91 Current Price is $12.72 Difference: $1.19 If SUN meets the Credit Suisse target it will return approximately 9% (excluding dividends, fees and charges). Current consensus price target is $13.40, suggesting upside of 5.4%(ex-dividends)The company's fiscal year ends in June.
Forecast for FY22:
Credit Suisse forecasts a full year FY22 dividend of 73.00 cents and EPS of 85.00 cents . At the last closing share price the estimated dividend yield is 5.74%. At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 14.96. How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 74.6, implying annual growth of -7.7%. Current consensus DPS estimate is 59.6, implying a prospective dividend yield of 4.7%. Current consensus EPS estimate suggests the PER is 17.1.
Forecast for FY23:
Credit Suisse forecasts a full year FY23 dividend of 74.00 cents and EPS of 91.00 cents . At the last closing share price the estimated dividend yield is 5.82%. At the last closing share price the stock's estimated Price to Earnings Ratio (PER) is 13.98. How do these forecasts compare to market consensus projections?
Current consensus EPS estimate is 83.3, implying annual growth of 11.7%. Current consensus DPS estimate is 67.2, implying a prospective dividend yield of 5.3%. Current consensus EPS estimate suggests the PER is 15.3.
Market Sentiment: 0.4All consensus data are updated until yesterday. FNArena's consensus calculations require a minimum of three sources
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