Sun Life Financial (NYSE:SLF) Price Target Lowered to C$72.00 at National Bank Financial

Sun Life Financial (NYSE:SLFGet Rating) (TSE:SLF) had its target price decreased by equities research analysts at National Bank Financial from C$76.00 to C$72.00 in a research note issued to investors on Thursday, The Fly reports. National Bank Financial also issued estimates for Sun Life Financial’s Q2 2022 earnings at $1.10 EPS, Q3 2022 earnings at $1.17 EPS, Q4 2022 earnings at $1.19 EPS and FY2022 earnings at $4.58 EPS.

Several other brokerages have also commented on SLF. Scotiabank dropped their price objective on Sun Life Financial from C$76.00 to C$71.00 in a report on Monday, May 2nd. Zacks Investment Research reissued a “hold” rating on shares of Sun Life Financial in a report on Thursday, March 17th. TD Securities dropped their price objective on Sun Life Financial from C$76.00 to C$72.00 in a report on Thursday. StockNews.com began coverage on Sun Life Financial in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, BMO Capital Markets dropped their price objective on Sun Life Financial from C$81.00 to C$80.00 in a report on Friday, February 11th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $71.55.

Sun Life Financial stock opened at $47.62 on Thursday. The firm has a market cap of $27.91 billion, a price-to-earnings ratio of 9.11, a price-to-earnings-growth ratio of 1.09 and a beta of 1.06. Sun Life Financial has a 52 week low of $46.23 and a 52 week high of $58.49. The business’s 50-day moving average price is $53.22 and its 200 day moving average price is $54.54.

Sun Life Financial (NYSE:SLFGet Rating) (TSE:SLF) last posted its earnings results on Wednesday, February 9th. The financial services provider reported $1.21 EPS for the quarter, missing the consensus estimate of $1.22 by ($0.01). The company had revenue of $10.31 billion for the quarter. Sun Life Financial had a return on equity of 13.96% and a net margin of 11.26%. During the same quarter last year, the business posted $1.13 earnings per share. On average, sell-side analysts anticipate that Sun Life Financial will post 4.97 earnings per share for the current fiscal year.

A number of institutional investors have recently made changes to their positions in SLF. Paragon Capital Management Ltd purchased a new position in Sun Life Financial during the fourth quarter worth approximately $26,000. Tcwp LLC purchased a new position in Sun Life Financial during the first quarter worth approximately $27,000. AdvisorNet Financial Inc lifted its position in Sun Life Financial by 149.5% during the first quarter. AdvisorNet Financial Inc now owns 499 shares of the financial services provider’s stock worth $28,000 after buying an additional 299 shares in the last quarter. Mark Sheptoff Financial Planning LLC purchased a new stake in Sun Life Financial in the first quarter valued at $30,000. Finally, CENTRAL TRUST Co purchased a new stake in Sun Life Financial in the fourth quarter valued at $33,000. Hedge funds and other institutional investors own 47.14% of the company’s stock.

Sun Life Financial Company Profile (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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