CIBC Raises Sun Life Financial (TSE:SLF) Price Target to C$95.00

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its price objective increased by equities researchers at CIBC from C$93.00 to C$95.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. The firm presently has a “neutral” rating on the financial services provider’s stock. CIBC’s price objective suggests a potential upside of 8.70% from the company’s previous close.

SLF has been the subject of a number of other research reports. TD Securities cut their price objective on shares of Sun Life Financial from C$101.00 to C$99.00 and set a “buy” rating for the company in a research report on Thursday, November 6th. Barclays lifted their target price on shares of Sun Life Financial from C$82.00 to C$84.00 and gave the stock an “underweight” rating in a research note on Wednesday, October 8th. Jefferies Financial Group increased their price target on Sun Life Financial from C$96.00 to C$98.00 in a research note on Monday, November 10th. National Bankshares decreased their price objective on Sun Life Financial from C$94.00 to C$93.00 in a report on Thursday, November 6th. Finally, BMO Capital Markets lowered their price objective on Sun Life Financial from C$99.00 to C$95.00 in a research report on Monday, November 10th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Sun Life Financial has an average rating of “Hold” and an average target price of C$91.56.

Sun Life Financial Price Performance

Shares of TSE:SLF opened at C$87.40 on Thursday. The company has a debt-to-equity ratio of 26.00, a quick ratio of 84,866.00 and a current ratio of 92.19. The business’s fifty day moving average price is C$83.89 and its two-hundred day moving average price is C$83.92. The stock has a market cap of C$48.69 billion, a PE ratio of 16.55, a price-to-earnings-growth ratio of 1.33 and a beta of 0.77. Sun Life Financial has a one year low of C$74.56 and a one year high of C$91.11.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last issued its quarterly earnings data on Wednesday, November 5th. The financial services provider reported C$1.86 earnings per share (EPS) for the quarter. The business had revenue of C$9.07 billion for the quarter. Sun Life Financial had a return on equity of 15.69% and a net margin of 7.58%. On average, analysts forecast that Sun Life Financial will post 6.9230769 EPS for the current fiscal year.

About Sun Life Financial

Sun Life Financial is one of Canada’s Big Three life insurance companies along with Great-West Lifeco and Manulife. Sun Life provides insurance, retirement, and wealth-management services to individual and corporate customers in Canada, the United States, and Asia. It also owns MFS Investment Management, a Boston-based asset-management firm. Sun Life generates about a third of its profit from asset-management operations.