Sun Life Financial (TSE:SLF) Price Target Raised to C$94.00

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its price target hoisted by investment analysts at Jefferies Financial Group from C$90.00 to C$94.00 in a research report issued on Thursday,BayStreet.CA reports. Jefferies Financial Group’s price target would indicate a potential upside of 9.58% from the stock’s current price.

Other equities research analysts have also issued research reports about the stock. TD Securities boosted their price target on shares of Sun Life Financial from C$81.00 to C$87.00 and gave the stock a “hold” rating in a report on Thursday. Barclays boosted their price objective on Sun Life Financial from C$76.00 to C$79.00 in a research note on Tuesday, November 5th. Scotiabank raised their target price on Sun Life Financial from C$85.00 to C$96.00 in a research report on Thursday. CIBC raised their price objective on shares of Sun Life Financial from C$90.00 to C$96.00 in a research note on Wednesday. Finally, Cormark boosted their target price on Sun Life Financial from C$82.00 to C$85.00 in a research note on Tuesday, November 5th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Sun Life Financial currently has a consensus rating of “Moderate Buy” and a consensus price target of C$84.18.

Sun Life Financial Trading Up 1.6 %

SLF stock traded up C$1.35 during midday trading on Thursday, reaching C$85.78. 784,585 shares of the company traded hands, compared to its average volume of 2,011,866. The firm has a market capitalization of C$49.45 billion, a price-to-earnings ratio of 16.25, a P/E/G ratio of 1.33 and a beta of 0.94. The company has a debt-to-equity ratio of 53.77, a quick ratio of 84,866.00 and a current ratio of 65.29. Sun Life Financial has a 52-week low of C$64.38 and a 52-week high of C$86.39. The business has a 50 day moving average of C$78.09 and a 200-day moving average of C$72.11.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last announced its quarterly earnings results on Monday, August 12th. The financial services provider reported C$1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$1.58 by C$0.13. The firm had revenue of C$8.92 billion for the quarter, compared to the consensus estimate of C$9.18 billion. Sun Life Financial had a net margin of 9.90% and a return on equity of 13.65%. As a group, sell-side analysts expect that Sun Life Financial will post 6.9230769 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Sun Life Financial news, Senior Officer Daniel Fishbein sold 15,999 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of C$71.40, for a total value of C$1,142,323.80. In other Sun Life Financial news, Senior Officer Linda Dougherty sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of C$75.30, for a total transaction of C$150,590.00. Also, Senior Officer Daniel Fishbein sold 15,999 shares of Sun Life Financial stock in a transaction dated Friday, August 16th. The shares were sold at an average price of C$71.40, for a total transaction of C$1,142,323.80. Insiders own 0.03% of the company’s stock.

Sun Life Financial Company Profile

Sun Life Financial Inc, a financial services company, provides savings, retirement, and pension products worldwide. The company operates in five segments: Asset Management, Canada, U.S., Asia, and Corporate. It offers various insurance products, such as term and permanent life; personal health, which includes prescription drugs, dental, and vision care; critical illness; long-term care; and disability, as well as reinsurance.