Sun Life Financial (TSE:SLF) Stock Price Expected to Rise, TD Securities Analyst Says

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its price objective lifted by investment analysts at TD Securities from C$99.00 to C$104.00 in a research report issued on Wednesday,BayStreet.CA reports. TD Securities’ target price would indicate a potential upside of 19.25% from the company’s current price.

Other research analysts have also issued reports about the stock. Desjardins set a C$94.00 target price on shares of Sun Life Financial and gave the company a “buy” rating in a research note on Thursday, December 18th. Jefferies Financial Group upped their price target on shares of Sun Life Financial from C$96.00 to C$98.00 in a report on Monday, November 10th. CIBC raised their price target on Sun Life Financial from C$93.00 to C$95.00 and gave the company a “neutral” rating in a research report on Thursday, January 8th. Cibc Captl Mkts cut Sun Life Financial from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 29th. Finally, Barclays decreased their target price on Sun Life Financial from C$84.00 to C$83.00 in a research note on Friday, January 9th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of C$92.11.

Sun Life Financial Stock Up 1.4%

SLF opened at C$87.21 on Wednesday. The firm has a market cap of C$48.30 billion, a P/E ratio of 16.52, a price-to-earnings-growth ratio of 1.33 and a beta of 0.77. 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 has a 50 day moving average price of C$83.94 and a 200 day moving average price of C$83.83. Sun Life Financial has a twelve month low of C$74.56 and a twelve month high of C$91.11.

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