Sun Life Financial (TSE:SLF) Price Target Raised to C$73.00 at TD Securities

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its price target lifted by equities research analysts at TD Securities from C$71.00 to C$73.00 in a research report issued on Friday, BayStreet.CA reports. TD Securities’ price target suggests a potential upside of 6.23% from the stock’s current price.

A number of other research analysts have also recently weighed in on the stock. CIBC lifted their price objective on shares of Sun Life Financial from C$77.00 to C$80.00 and gave the company an “outperform” rating in a report on Tuesday, April 30th. Royal Bank of Canada lowered their price target on Sun Life Financial from C$77.00 to C$76.00 and set an “outperform” rating on the stock in a research report on Monday, May 13th. Scotiabank cut their price objective on Sun Life Financial from C$76.00 to C$73.00 and set an “outperform” rating for the company in a research report on Monday, May 13th. BMO Capital Markets decreased their target price on Sun Life Financial from C$80.00 to C$79.00 and set an “outperform” rating on the stock in a research report on Monday, May 13th. Finally, Evercore cut their price target on shares of Sun Life Financial from C$76.00 to C$75.00 in a report on Thursday. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Sun Life Financial currently has an average rating of “Moderate Buy” and a consensus target price of C$76.18.

Sun Life Financial Stock Performance

Shares of SLF stock traded up C$0.49 on Friday, hitting C$68.72. The company had a trading volume of 385,265 shares, compared to its average volume of 2,095,762. The firm has a market cap of C$39.93 billion, a P/E ratio of 13.20, a price-to-earnings-growth ratio of 1.25 and a beta of 0.96. Sun Life Financial has a twelve month low of C$61.84 and a twelve month high of C$74.94. The company has a 50-day moving average price of C$68.24 and a 200-day moving average price of C$70.09. The company has a quick ratio of 84,866.00, a current ratio of 56.69 and a debt-to-equity ratio of 26.46.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last announced its quarterly earnings results on Thursday, May 9th. The financial services provider reported C$1.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$1.64 by C($0.14). The company had revenue of C$6.88 billion during the quarter, compared to analyst estimates of C$9.96 billion. Sun Life Financial had a net margin of 10.12% and a return on equity of 13.68%. As a group, equities research analysts predict that Sun Life Financial will post 6.3499079 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Stephanie Coyles acquired 900 shares of the company’s stock in a transaction dated Tuesday, May 14th. The stock was acquired at an average cost of C$69.15 per share, with a total value of C$62,235.00. In related news, Director Stephanie Coyles bought 900 shares of the stock in a transaction that occurred on Tuesday, May 14th. The stock was purchased at an average cost of C$69.15 per share, with a total value of C$62,235.00. Also, Director Kevin Strain bought 12,000 shares of the stock in a transaction that occurred on Tuesday, June 4th. The shares were bought at an average cost of C$67.48 per share, with a total value of C$809,760.00. Insiders own 0.03% of the company’s stock.

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.