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

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its target price raised by stock analysts at Jefferies Financial Group from C$103.00 to C$115.00 in a note issued to investors on Friday,BayStreet.CA reports. Jefferies Financial Group’s target price suggests a potential upside of 16.76% from the stock’s current price.

A number of other research firms have also commented on SLF. Desjardins set a C$101.00 price target on Sun Life Financial and gave the stock a “buy” rating in a report on Friday, April 17th. Barclays raised their price target on Sun Life Financial from C$84.00 to C$85.00 in a report on Wednesday, April 8th. TD Securities cut their price target on Sun Life Financial from C$104.00 to C$102.00 and set a “buy” rating for the company in a report on Thursday, February 12th. National Bank Financial raised Sun Life Financial from a “sector perform” rating to an “outperform” rating and set a C$109.00 price target for the company in a report on Friday, April 24th. Finally, Canadian Imperial Bank of Commerce raised their price target on Sun Life Financial from C$93.00 to C$95.00 and gave the stock a “neutral” rating in a report on Thursday, January 8th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$99.78.

Sun Life Financial Stock Performance

TSE:SLF traded up C$0.62 during trading hours on Friday, reaching C$98.49. The stock had a trading volume of 267,161 shares, compared to its average volume of 1,937,348. The company has a debt-to-equity ratio of 74.49, a quick ratio of 84,866.00 and a current ratio of 2.78. The stock has a 50 day simple moving average of C$90.10 and a 200 day simple moving average of C$87.14. Sun Life Financial has a 12-month low of C$77.38 and a 12-month high of C$98.88. The stock has a market cap of C$54.56 billion, a P/E ratio of 16.01, a price-to-earnings-growth ratio of 1.33 and a beta of 0.69.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last released its earnings results on Wednesday, February 11th. The financial services provider reported C$1.96 earnings per share (EPS) for the quarter. Sun Life Financial had a return on equity of 14.68% and a net margin of 9.74%.The business had revenue of C$8.67 billion during the quarter. On average, research 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.