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

Sun Life Financial (TSE:SLF) (NYSE:SLF) received a C$101.00 price objective from stock analysts at Desjardins in a research note issued to investors on Friday,BayStreet.CA reports. The firm presently has a “buy” rating on the financial services provider’s stock. Desjardins’ target price would suggest a potential upside of 4.87% from the company’s current price.

A number of other equities research analysts have also weighed in on the company. Jefferies Financial Group boosted their price objective on Sun Life Financial from C$97.00 to C$103.00 in a research report on Friday, February 13th. Scotiabank boosted 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. TD Securities decreased their target price on Sun Life Financial from C$104.00 to C$102.00 and set a “buy” rating for the company in a research report on Thursday, February 12th. Barclays boosted their target price on Sun Life Financial from C$84.00 to C$85.00 in a research report on Wednesday, April 8th. Finally, BMO Capital Markets boosted their price objective 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. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of C$96.67.

Sun Life Financial Price Performance

Sun Life Financial stock traded up C$2.25 during mid-day trading on Friday, reaching C$96.31. 722,741 shares of the company were exchanged, compared to its average volume of 2,024,426. The company has a fifty day simple moving average of C$88.89 and a 200-day simple moving average of C$86.30. Sun Life Financial has a 12 month low of C$77.38 and a 12 month high of C$96.42. 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 firm has a market cap of C$53.36 billion, a PE ratio of 15.66, a PEG ratio of 1.33 and a beta of 0.69.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last posted its quarterly earnings data 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 for the quarter. As a group, equities research 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.