Sun Life Financial (TSE:SLF) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its target price increased by investment analysts at BMO Capital Markets from C$99.00 to C$105.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. BMO Capital Markets’ price objective indicates a potential upside of 9.98% from the stock’s current price.

Other equities research analysts also recently issued reports about the company. National Bank Financial dropped their price objective on Sun Life Financial from C$109.00 to C$108.00 and set an “outperform” rating on the stock in a report on Thursday. TD lifted their price target on shares of Sun Life Financial from C$102.00 to C$107.00 and gave the stock a “buy” rating in a research note on Thursday. Royal Bank Of Canada increased their price objective on shares of Sun Life Financial from C$83.00 to C$95.00 and gave the company a “sector perform” rating in a research note on Friday, February 13th. Jefferies Financial Group boosted their target price on shares of Sun Life Financial from C$103.00 to C$115.00 in a research report on Friday, May 1st. Finally, TD Securities cut their target price on shares of Sun Life Financial from C$104.00 to C$102.00 and set a “buy” rating on the stock in a research note on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$101.60.

Sun Life Financial Stock Up 0.7%

SLF stock traded up C$0.68 during trading on Friday, reaching C$95.47. The stock had a trading volume of 552,666 shares, compared to its average volume of 1,999,555. The company has a current ratio of 2.78, a quick ratio of 84,866.00 and a debt-to-equity ratio of 74.49. The firm has a fifty day moving average price of C$90.61 and a 200 day moving average price of C$87.40. The company has a market capitalization of C$52.89 billion, a P/E ratio of 15.52, a PEG ratio of 1.33 and a beta of 0.73. Sun Life Financial has a 1-year low of C$77.38 and a 1-year high of C$101.15.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last announced its earnings results on Wednesday, May 6th. The financial services provider reported C$1.89 earnings per share (EPS) for the quarter. Sun Life Financial had a return on equity of 14.68% and a net margin of 9.74%.The business had revenue of C$8.73 billion for the quarter. On average, equities analysts anticipate 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. Sun Life generates about a third of its profit from asset-management operations.