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

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its price objective boosted by equities researchers at TD from C$102.00 to C$107.00 in a note issued to investors on Thursday,BayStreet.CA reports. The firm presently has a “buy” rating on the financial services provider’s stock. TD’s target price indicates a potential upside of 12.71% from the company’s previous close.

Several other equities research analysts have also recently issued reports on SLF. BMO Capital Markets raised their target price on shares of Sun Life Financial from C$95.00 to C$100.00 and gave the stock an “outperform” rating in a research report on Friday, February 13th. Jefferies Financial Group upped their price target on shares of Sun Life Financial from C$103.00 to C$115.00 in a research report on Friday, May 1st. Royal Bank Of Canada increased their price target on shares of Sun Life Financial from C$83.00 to C$95.00 and gave the stock a “sector perform” rating in a research note on Friday, February 13th. TD Securities decreased their price target on shares of Sun Life Financial from C$104.00 to C$102.00 and set a “buy” rating on the stock in a report on Thursday, February 12th. Finally, Canadian Imperial Bank of Commerce upped their price objective 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 investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$100.40.

Sun Life Financial Stock Performance

Shares of SLF stock traded down C$4.60 during midday trading on Thursday, hitting C$94.93. The company had a trading volume of 1,419,350 shares, compared to its average volume of 1,989,078. Sun Life Financial has a 52-week low of C$77.38 and a 52-week high of C$101.15. The company’s 50 day simple moving average is C$90.50 and its 200 day simple moving average is C$87.33. The stock has a market cap of C$52.59 billion, a price-to-earnings ratio of 15.44, a PEG ratio of 1.33 and a beta of 0.73. The company has a debt-to-equity ratio of 74.49, a current ratio of 2.78 and a quick ratio of 84,866.00.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last announced its quarterly earnings results on Wednesday, February 11th. The financial services provider reported C$1.96 earnings per share (EPS) for the quarter. The business had revenue of C$8.67 billion during the quarter. Sun Life Financial had a net margin of 9.74% and a return on equity of 14.68%. Research analysts anticipate that Sun Life Financial will post 6.9230769 earnings per share for the current fiscal year.

Sun Life Financial Company Profile

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.