Sun Life Financial (TSE:SLF) Stock Rating Reaffirmed by Veritas Investment Research

Sun Life Financial (TSE:SLFGet Rating) (NYSE:SLF)‘s stock had its “reduce” rating restated by stock analysts at Veritas Investment Research in a research report issued to clients and investors on Wednesday, Stock Target Advisor reports.

Several other analysts have also weighed in on SLF. National Bank Financial cut their price objective on Sun Life Financial to C$77.00 and set a “sector perform” rating for the company in a report on Thursday, February 10th. National Bankshares lowered Sun Life Financial from an “outperform” rating to a “hold” rating and cut their price objective for the company from C$79.00 to C$77.00 in a report on Thursday, February 10th. Scotiabank reduced their target price on Sun Life Financial from C$78.00 to C$76.00 in a report on Friday, February 11th. BMO Capital Markets reduced their target price on Sun Life Financial from C$81.00 to C$80.00 in a report on Friday, February 11th. Finally, Zacks Investment Research reaffirmed a “hold” rating on shares of Sun Life Financial in a report on Thursday, March 17th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of C$72.50.

SLF stock traded up C$0.15 during trading on Wednesday, reaching C$68.61. 347,368 shares of the company’s stock were exchanged, compared to its average volume of 2,023,205. The company has a quick ratio of 11.27, a current ratio of 11.91 and a debt-to-equity ratio of 53.27. Sun Life Financial has a 1-year low of C$62.00 and a 1-year high of C$74.22. The company’s fifty day moving average price is C$68.57 and its 200-day moving average price is C$69.62. The firm has a market cap of C$40.21 billion and a PE ratio of 10.26.

Sun Life Financial (TSE:SLFGet Rating) (NYSE:SLF) last announced its quarterly earnings data on Wednesday, February 9th. The financial services provider reported C$1.53 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of C$1.53. The firm had revenue of C$13 billion during the quarter. As a group, sell-side analysts expect that Sun Life Financial will post 7.2865276 earnings per share for the current fiscal year.

About Sun Life Financial (Get Rating)

Sun Life Financial Inc, a financial services company, provides insurance, wealth, and asset management solutions to individuals and corporate clients worldwide. It offers term and permanent life, as well as personal health, dental, critical illness, long-term care, and disability insurance products. The company also provides reinsurance products; investment counselling and portfolio management services; mutual funds and segregated funds; trust and banking services; real estate property brokerage and appraisal services; and merchant banking services.

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