TD Securities Issues Positive Forecast for Sun Life Financial (TSE:SLF) Stock Price

by · The Markets Daily

Sun Life Financial (TSE:SLF – Get Free Report) (NYSE:SLF) had its price objective hoisted by equities researchers at TD Securities from C$99.00 to C$104.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. TD Securities’ target price would suggest a potential upside of 20.69% from the company’s previous close.

A number of other analysts have also issued reports on the stock. Jefferies Financial Group lifted their price target on shares of Sun Life Financial from C$96.00 to C$98.00 in a research note on Monday, November 10th. BMO Capital Markets dropped their target price on shares of Sun Life Financial from C$99.00 to C$95.00 in a research report on Monday, November 10th. CIBC increased their price target on shares of Sun Life Financial from C$93.00 to C$95.00 and gave the stock a “neutral” rating in a research report on Thursday, January 8th. Royal Bank Of Canada lowered Sun Life Financial from a “moderate buy” rating to a “hold” rating in a report on Friday, November 7th. Finally, Desjardins set a C$94.00 target price on Sun Life Financial and gave the stock a “buy” rating in a report on Thursday, December 18th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Sun Life Financial presently has an average rating of “Hold” and a consensus target price of C$92.11.

Get Our Latest Research Report on SLF

Sun Life Financial Stock Up 1.1%

Shares of TSE SLF traded up C$0.93 during midday trading on Wednesday, reaching C$86.17. 442,347 shares of the company’s stock were exchanged, compared to its average volume of 1,124,145. 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. Sun Life Financial has a 52-week low of C$74.56 and a 52-week high of C$91.11. The business’s fifty day moving average price is C$83.88 and its two-hundred day moving average price is C$83.80. The stock has a market capitalization of C$47.72 billion, a PE ratio of 16.32, a price-to-earnings-growth ratio of 1.33 and a beta of 0.77.

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

Sun Life Financial Company Profile

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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.

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