Sun Life Financial (TSE:SLF) Upgraded at National Bank Financial

Sun Life Financial (TSE:SLF) (NYSE:SLF) was upgraded by equities researchers at National Bank Financial from a “sector perform” rating to an “outperform” rating in a note issued to investors on Friday,BayStreet.CA reports. The firm currently has a C$109.00 price target on the financial services provider’s stock. National Bank Financial’s target price would indicate a potential upside of 11.42% from the company’s current price.

Several other research firms have also issued reports on SLF. Royal Bank Of Canada lifted their price target on shares of 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. Canadian Imperial Bank of Commerce lifted 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 report on Thursday, January 8th. Scotiabank lifted their price target on shares of Sun Life Financial from C$93.00 to C$96.00 and gave the stock a “sector perform” rating in a report on Friday, February 13th. BMO Capital Markets lifted their price target on shares of 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, Desjardins set a C$101.00 price target on shares of Sun Life Financial and gave the stock a “buy” rating in a report on Friday, April 17th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$98.44.

Sun Life Financial Stock Up 1.0%

TSE:SLF traded up C$0.96 during trading hours on Friday, reaching C$97.83. The company’s stock had a trading volume of 466,725 shares, compared to its average volume of 1,959,643. The company has a market capitalization of C$54.20 billion, a P/E ratio of 15.91, a price-to-earnings-growth ratio of 1.33 and a beta of 0.69. Sun Life Financial has a 12 month low of C$77.38 and a 12 month high of C$98.74. The company has a debt-to-equity ratio of 74.49, a quick ratio of 84,866.00 and a current ratio of 2.78. The stock has a 50 day moving average price of C$89.59 and a two-hundred day moving average price of C$86.74.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last issued 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 net margin of 9.74% and a return on equity of 14.68%. The company had revenue of C$8.67 billion during the quarter. Equities analysts predict that Sun Life Financial will post 6.9230769 EPS for the current fiscal 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.