Earnings results for China Life Insurance Stock Forecast, Price & News (NYSE:LFC)
China Life Insurance Company Limited is estimated to report earnings on 08/27/2020. The upcoming earnings date is derived from an algorithm based on a company’s historical reporting dates. Our vendor, Zacks Investment Research, might revise this date in the future, once the company announces the actual earnings date. The reported EPS for the same quarter last year was $0.29.
Analyst Opinion on China Life Insurance Stock Forecast, Price & News (NYSE:LFC)
2 Wall Street analysts have issued ratings and price targets for China Life Insurance in the last 12 months. Their average twelve-month price target is $20.30, predicting that the stock has a possible upside of 64.91%. The high price target for LFC is $20.30 and the low price target for LFC is $20.30. There are currently 1 hold rating and 1 buy rating for the stock, resulting in a consensus rating of “Buy.”
China Life Insurance has received a consensus rating of Buy. The company’s average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings. According to analysts’ consensus price target of $20.30, China Life Insurance has a forecasted upside of 64.9% from its current price of $12.31. China Life Insurance has received no research coverage in the past 90 days.
Dividend Strength: China Life Insurance Stock Forecast, Price & News (NYSE:LFC)
China Life Insurance pays a meaningful dividend of 3.55%, higher than the bottom 25% of all stocks that pay dividends. China Life Insurance has only been increasing its dividend for 1 years. The dividend payout ratio of China Life Insurance is 29.73%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, China Life Insurance will have a dividend payout ratio of 32.12% next year. This indicates that China Life Insurance will be able to sustain or increase its dividend.
Insiders buying/selling: China Life Insurance Stock Forecast, Price & News (NYSE:LFC)
In the past three months, China Life Insurance insiders have not sold or bought any company stock. Only 0.27% of the stock of China Life Insurance is held by institutions.
Earnings and Valuation of China Life Insurance Stock Forecast, Price & News (NYSE:LFC
Earnings for China Life Insurance are expected to grow by 13.22% in the coming year, from $1.21 to $1.37 per share. The P/E ratio of China Life Insurance is 9.93, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 18.69. The P/E ratio of China Life Insurance is 9.93, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 19.41. China Life Insurance has a P/B Ratio of 1.17. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.
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