Sun Life Financial (TSE:SLF) PT Set at C$101.00 by Desjardins

Sun Life Financial (TSE:SLF) (NYSE:SLF) has been assigned a C$101.00 price objective by investment analysts at Desjardins in a research report issued on Friday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the financial services provider’s stock. Desjardins’ price objective points to a potential upside of 4.87% from the stock’s previous close.

Several other research analysts also recently weighed in on the company. Canadian Imperial Bank of Commerce upped their target price on Sun Life Financial from C$93.00 to C$95.00 and gave the stock a “neutral” rating in a research note on Thursday, January 8th. Jefferies Financial Group upped their target price on Sun Life Financial from C$97.00 to C$103.00 in a research note on Friday, February 13th. BMO Capital Markets increased their price objective on Sun Life Financial from C$95.00 to C$100.00 and gave the company an “outperform” rating in a research note on Friday, February 13th. Barclays increased their price objective on Sun Life Financial from C$84.00 to C$85.00 in a research note on Wednesday, April 8th. Finally, Scotiabank increased their price objective on Sun Life Financial from C$93.00 to C$96.00 and gave the company a “sector perform” rating in a research note on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Sun Life Financial currently has an average rating of “Hold” and an average price target of C$96.67.

Sun Life Financial Price Performance

Shares of TSE:SLF opened at C$96.31 on Friday. The company has a quick ratio of 84,866.00, a current ratio of 2.78 and a debt-to-equity ratio of 74.49. The stock has a market capitalization of C$53.36 billion, a PE ratio of 15.66, a price-to-earnings-growth ratio of 1.33 and a beta of 0.69. The firm’s 50 day moving average price is C$89.04 and its 200-day moving average price is C$86.41. Sun Life Financial has a twelve month low of C$77.38 and a twelve month high of C$96.42.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last announced its earnings results on Wednesday, February 11th. The financial services provider reported C$1.96 earnings per share for the quarter. The business had revenue of C$8.67 billion during the quarter. Sun Life Financial had a return on equity of 14.68% and a net margin of 9.74%. Equities research analysts expect that Sun Life Financial will post 6.9230769 EPS for the current year.

About Sun Life Financial

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.