Sun Life Financial Sets New 52-Week High at $38.60 (SLF)
Sun Life Financial (NYSE:SLF)’s share price hit a new 52-week high during trading on Wednesday , AnalystRatingsNetwork reports. The stock traded as high as $38.60 and last traded at $38.56, with a volume of 144,231 shares trading hands. The stock had previously closed at $38.35.
A number of research firms have recently commented on SLF. Analysts at Goldman Sachs initiated coverage on shares of Sun Life Financial in a research note on Thursday, June 26th. They set a “buy” rating on the stock. Separately, analysts at Canaccord Genuity initiated coverage on shares of Sun Life Financial in a research note on Monday, May 26th. They set a “buy” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Sun Life Financial in a research note on Tuesday, May 13th. They now have a $36.00 price target on the stock. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Sun Life Financial has a consensus rating of “Hold” and an average price target of $36.50.
The stock’s 50-day moving average is $37.06 and its 200-day moving average is $34.93. The company has a market cap of $23.697 billion and a price-to-earnings ratio of 30.46.
Sun Life Financial (NYSE:SLF) last released its earnings data on Tuesday, May 6th. The company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.08. The company had revenue of $6.46 billion for the quarter. The company’s revenue for the quarter was up 70.4% on a year-over-year basis. Analysts expect that Sun Life Financial will post $2.90 EPS for the current fiscal year.
Sun Life Financial Inc (NYSE:SLF) is an international financial services organization providing a diverse range of protection and wealth accumulation products and services to individuals and corporate customers.
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