Sun Life Financial (TSE:SLF) (NYSE:SLF) was downgraded by analysts at Barclays from an “overweight” rating to an “equal weight” rating in a research note issued on Wednesday, BayStreet.CA reports. They currently have a C$57.00 price target on the financial services provider’s stock, down from their prior price target of C$58.00. Barclays‘s price objective points to a potential upside of 9.32% from the company’s previous close.
Several other research analysts have also recently weighed in on the company. National Bank Financial upped their price objective on Sun Life Financial from C$55.00 to C$58.00 and gave the stock an “outperform” rating in a research report on Monday, April 29th. BMO Capital Markets upped their price objective on Sun Life Financial from C$56.00 to C$57.00 in a research report on Friday, February 15th. Cormark set a C$54.00 price objective on Sun Life Financial in a research report on Friday, February 15th. CIBC cut Sun Life Financial from a “neutral” rating to an “underperform” rating and upped their price objective for the stock from C$53.00 to C$54.00 in a research report on Thursday, March 14th. Finally, Desjardins upped their price objective on Sun Life Financial from C$58.00 to C$59.00 in a research report on Monday, April 15th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. Sun Life Financial currently has an average rating of “Hold” and a consensus price target of C$57.09.
Shares of SLF stock traded down C$1.23 on Wednesday, hitting C$52.14. 710,303 shares of the stock were exchanged, compared to its average volume of 1,699,808. The company has a debt-to-equity ratio of 18.26, a current ratio of 483.92 and a quick ratio of 451.94. The stock has a market capitalization of $31.42 billion and a P/E ratio of 12.75. Sun Life Financial has a fifty-two week low of C$43.13 and a fifty-two week high of C$55.97.
Sun Life Financial (TSE:SLF) (NYSE:SLF) last posted its quarterly earnings data on Wednesday, May 8th. The financial services provider reported C$1.20 earnings per share for the quarter, missing the consensus estimate of C$1.21 by C($0.01). The firm had revenue of C$11.39 billion during the quarter. Equities analysts expect that Sun Life Financial will post 5.4399998 EPS for the current year.
In related news, Senior Officer Colm Joseph Freyne sold 17,730 shares of the stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of C$53.54, for a total transaction of C$949,264.20. Also, Director Dean Connor sold 73,000 shares of the stock in a transaction that occurred on Tuesday, May 14th. The shares were sold at an average price of C$52.72, for a total value of C$3,848,560.00. Following the transaction, the director now directly owns 86,047 shares of the company’s stock, valued at C$4,536,397.84.
Sun Life Financial Company Profile
Sun Life Financial Inc, a financial services company, provides insurance, wealth, and asset management solutions to individuals and corporate clients worldwide. The company operates through five segments: Sun Life Financial Canada, Sun Life Financial United States, Sun Life Financial Asset Management, Sun Life Financial Asia, and Corporate.
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