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

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its price target boosted by stock analysts at TD Securities from C$77.00 to C$81.00 in a report issued on Tuesday, BayStreet.CA reports. TD Securities’ price objective indicates a potential downside of 1.32% from the stock’s previous close.

SLF has been the subject of several other reports. Evercore cut their price target on shares of Sun Life Financial from C$76.00 to C$75.00 in a report on Thursday, July 11th. Jefferies Financial Group lifted their target price on shares of Sun Life Financial from C$81.00 to C$89.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. CIBC increased their price target on Sun Life Financial from C$80.00 to C$90.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Scotiabank lifted their price objective on Sun Life Financial from C$73.00 to C$85.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Finally, National Bankshares boosted their price objective on Sun Life Financial from C$72.00 to C$73.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 13th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$81.36.

Sun Life Financial Stock Up 2.7 %

TSE SLF opened at C$82.08 on Tuesday. Sun Life Financial has a 1-year low of C$64.38 and a 1-year high of C$82.27. The company has a market capitalization of C$47.32 billion, a price-to-earnings ratio of 15.55, a PEG ratio of 1.33 and a beta of 0.94. The stock’s 50 day moving average is C$77.10 and its two-hundred day moving average is C$71.66. The company has a current ratio of 65.29, a quick ratio of 84,866.00 and a debt-to-equity ratio of 53.77.

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 EPS for the quarter, beating the consensus estimate of C$1.58 by C$0.13. Sun Life Financial had a return on equity of 13.65% and a net margin of 9.90%. The business had revenue of C$8.92 billion for the quarter, compared to analyst estimates of C$9.18 billion. Equities analysts forecast that Sun Life Financial will post 6.9230769 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Sun Life Financial news, Director Stephanie Coyles purchased 500 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was acquired at an average cost of C$70.00 per share, with a total value of C$35,000.00. Following the completion of the purchase, the director now directly owns 500 shares in the company, valued at approximately C$35,000. In related news, Director Stephanie Coyles acquired 500 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was acquired at an average cost of C$70.00 per share, with a total value of C$35,000.00. Following the completion of the purchase, the director now directly owns 500 shares in the company, valued at approximately C$35,000. Also, Senior Officer Linda Dougherty sold 2,000 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of C$75.30, for a total value of C$150,590.00. Corporate insiders own 0.03% of the company’s stock.

About Sun Life Financial

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.