Sun Life Financial (TSE:SLF) Price Target Raised to C$93.00

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its target price lifted by investment analysts at Scotiabank from C$87.00 to C$93.00 in a report issued on Thursday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the financial services provider’s stock. Scotiabank’s target price indicates a potential upside of 4.75% from the stock’s current price.

SLF has been the topic of a number of other reports. TD Securities lifted their price objective on shares of Sun Life Financial from C$99.00 to C$104.00 in a research note on Wednesday, January 14th. UBS Group upgraded shares of Sun Life Financial to a “hold” rating in a research report on Thursday, October 16th. CIBC upped their price target on shares of 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. Cibc Captl Mkts lowered shares of Sun Life Financial from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 29th. Finally, Jefferies Financial Group boosted their target price on Sun Life Financial from C$96.00 to C$98.00 in a report on Monday, November 10th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Sun Life Financial presently has an average rating of “Hold” and an average target price of C$93.22.

Sun Life Financial Stock Performance

TSE SLF traded down C$0.84 on Thursday, hitting C$88.78. The stock had a trading volume of 1,782,454 shares, compared to its average volume of 1,473,033. The company’s 50-day moving average is C$85.07 and its two-hundred day moving average is C$83.84. Sun Life Financial has a one year low of C$74.56 and a one year high of C$91.11. The stock has a market cap of C$49.17 billion, a price-to-earnings ratio of 16.81, a P/E/G ratio of 1.33 and a beta of 0.73. The company has a quick ratio of 84,866.00, a current ratio of 92.19 and a debt-to-equity ratio of 26.00.

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