Sun Life Financial (TSE:SLF) Stock Price Expected to Rise, TD Securities Analyst Says

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its price objective raised by research analysts at TD Securities from C$77.00 to C$81.00 in a research note issued on Tuesday, BayStreet.CA reports. TD Securities’ price objective would indicate a potential downside of 1.32% from the stock’s previous close.

SLF has been the subject of several other reports. Royal Bank of Canada lifted their target price on Sun Life Financial from C$76.00 to C$78.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 14th. National Bankshares lifted their price objective on shares of Sun Life Financial from C$72.00 to C$73.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 13th. Jefferies Financial Group upped their price objective on shares of Sun Life Financial from C$81.00 to C$89.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Evercore cut their target price on shares of Sun Life Financial from C$76.00 to C$75.00 in a research note on Thursday, July 11th. Finally, Barclays set a C$76.00 price target on shares of Sun Life Financial and gave the company an “equal weight” rating in a research note on Thursday, September 5th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Sun Life Financial presently has an average rating of “Moderate Buy” and an average target price of C$81.36.

Sun Life Financial Stock Performance

Shares of SLF opened at C$82.08 on Tuesday. The company has a market cap of C$47.32 billion, a PE ratio of 15.55, a price-to-earnings-growth ratio of 1.33 and a beta of 0.94. The firm has a 50-day moving average of C$77.10 and a 200-day moving average of C$71.66. Sun Life Financial has a one year low of C$64.38 and a one year high of C$82.27. The company has a debt-to-equity ratio of 53.77, a current ratio of 65.29 and a quick ratio of 84,866.00.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last issued its earnings results on Monday, August 12th. The financial services provider reported C$1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.58 by C$0.13. The business had revenue of C$8.92 billion during the quarter, compared to the consensus estimate of C$9.18 billion. Sun Life Financial had a net margin of 9.90% and a return on equity of 13.65%. As a group, equities analysts forecast that Sun Life Financial will post 6.9230769 earnings per share for the current year.

Insider Activity

In related news, Director Stephanie Coyles purchased 500 shares of Sun Life Financial stock in a transaction that occurred on Thursday, August 15th. The shares were acquired at an average price of C$70.00 per share, with a total value of C$35,000.00. Following the completion of the transaction, the director now directly owns 500 shares of the company’s stock, valued at C$35,000. In other Sun Life Financial news, Senior Officer Daniel Fishbein sold 15,999 shares of the stock in a transaction dated Friday, August 16th. The shares were sold at an average price of C$71.40, for a total transaction of C$1,142,323.80. Also, Director Stephanie Coyles bought 500 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was purchased at an average cost of C$70.00 per share, for a total transaction of C$35,000.00. Following the completion of the acquisition, the director now owns 500 shares in the company, valued at approximately C$35,000. 0.03% of the stock is owned by company insiders.

About Sun Life Financial

Sun Life Financial Inc, a financial services company, provides savings, retirement, and pension products worldwide. The company operates in five segments: Asset Management, Canada, U.S., Asia, and Corporate. It offers various insurance products, such as term and permanent life; personal health, which includes prescription drugs, dental, and vision care; critical illness; long-term care; and disability, as well as reinsurance.