Sun Life Financial (TSE:SLF) Raised to Outperform at National Bank Financial

Sun Life Financial (TSE:SLF) (NYSE:SLF) was upgraded by investment analysts at National Bank Financial from a “sector perform” rating to an “outperform” rating in a research report issued on Friday, MarketBeat reports. The brokerage currently has a C$109.00 price objective on the financial services provider’s stock. National Bank Financial’s price objective would suggest a potential upside of 11.52% from the company’s previous close.

Several other research analysts have also recently commented on SLF. Scotiabank boosted their target price on Sun Life Financial from C$93.00 to C$96.00 and gave the stock a “sector perform” rating in a research note on Friday, February 13th. Royal Bank Of Canada lifted their price target on Sun Life Financial from C$83.00 to C$95.00 and gave the stock a “sector perform” rating in a report on Friday, February 13th. Barclays lifted their price target on Sun Life Financial from C$84.00 to C$85.00 in a report on Wednesday, April 8th. BMO Capital Markets lifted their price target on Sun Life Financial from C$95.00 to C$100.00 and gave the stock an “outperform” rating in a report on Friday, February 13th. Finally, Canadian Imperial Bank of Commerce lifted their price target on Sun Life Financial from C$93.00 to C$95.00 and gave the stock a “neutral” rating in a report on Thursday, January 8th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of C$98.44.

Sun Life Financial Trading Up 0.9%

SLF opened at C$97.74 on Friday. Sun Life Financial has a 12 month low of C$77.38 and a 12 month high of C$98.74. The stock has a market capitalization of C$54.15 billion, a price-to-earnings ratio of 15.89, a PEG ratio of 1.33 and a beta of 0.69. The company has a debt-to-equity ratio of 74.49, a current ratio of 2.78 and a quick ratio of 84,866.00. The business has a fifty day moving average price of C$89.67 and a 200 day moving average price of C$86.84.

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

Sun Life Financial Company Profile

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.