Sun Life Financial (TSE:SLF) Given a C$94.00 Price Target at Desjardins

Sun Life Financial (TSE:SLF) (NYSE:SLF) received a C$94.00 price objective from investment analysts at Desjardins in a report issued on Thursday,BayStreet.CA reports. The firm currently has a “buy” rating on the financial services provider’s stock. Desjardins’ price objective would indicate a potential upside of 11.02% from the stock’s current price.

Several other analysts have also commented on SLF. Argus raised Sun Life Financial to a “strong-buy” rating in a research note on Thursday, September 4th. Cibc Captl Mkts downgraded shares of Sun Life Financial from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 29th. National Bankshares lowered their target price on shares of Sun Life Financial from C$94.00 to C$93.00 in a report on Thursday, November 6th. Jefferies Financial Group lifted their price target on shares of Sun Life Financial from C$96.00 to C$98.00 in a report on Monday, November 10th. Finally, TD Securities dropped their price objective on shares of Sun Life Financial from C$101.00 to C$99.00 and set a “buy” rating for the company in a report on Thursday, November 6th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of C$91.44.

Sun Life Financial Stock Up 0.3%

Shares of TSE SLF traded up C$0.29 during mid-day trading on Thursday, reaching C$84.67. 510,184 shares of the company traded hands, compared to its average volume of 2,051,927. The stock has a market cap of C$47.17 billion, a PE ratio of 16.04, a price-to-earnings-growth ratio of 1.33 and a beta of 0.74. The company has a debt-to-equity ratio of 26.00, a quick ratio of 84,866.00 and a current ratio of 92.19. The company’s fifty day moving average is C$83.91 and its two-hundred day moving average is C$84.18. Sun Life Financial has a fifty-two week low of C$74.56 and a fifty-two week high of C$91.11.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last posted its quarterly earnings data on Wednesday, November 5th. The financial services provider reported C$1.86 earnings per share for the quarter. The company had revenue of C$9.07 billion during the quarter. Sun Life Financial had a return on equity of 15.69% and a net margin of 7.58%. On average, analysts expect that Sun Life Financial will post 6.9230769 earnings per share for the current 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.