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

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its price objective hoisted by equities researchers at CIBC from C$93.00 to C$95.00 in a note issued to investors on Thursday,BayStreet.CA reports. The firm currently has a “neutral” rating on the financial services provider’s stock. CIBC’s price target suggests a potential upside of 9.55% from the company’s previous close.

SLF has been the subject of a number of other research reports. BMO Capital Markets reduced their target price on Sun Life Financial from C$99.00 to C$95.00 in a research note on Monday, November 10th. Desjardins set a C$94.00 price objective on Sun Life Financial and gave the stock a “buy” rating in a research note on Thursday, December 18th. Cibc Captl Mkts lowered Sun Life Financial from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 29th. TD Securities cut their price target on shares of Sun Life Financial from C$101.00 to C$99.00 and set a “buy” rating on the stock in a report on Thursday, November 6th. Finally, Royal Bank Of Canada cut shares of Sun Life Financial from a “moderate buy” rating to a “hold” rating in a research note on Friday, November 7th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Sun Life Financial presently has an average rating of “Hold” and a consensus price target of C$91.67.

Sun Life Financial Trading Down 0.3%

SLF traded down C$0.25 on Thursday, hitting C$86.72. The company had a trading volume of 241,970 shares, compared to its average volume of 1,012,439. The business’s fifty day simple moving average is C$83.82 and its 200 day simple moving average is C$83.91. The company has a quick ratio of 84,866.00, a current ratio of 92.19 and a debt-to-equity ratio of 26.00. Sun Life Financial has a 12-month low of C$74.56 and a 12-month high of C$91.11. The company has a market cap of C$48.31 billion, a PE ratio of 16.42, a PEG ratio of 1.33 and a beta of 0.77.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last posted its quarterly earnings data on Wednesday, November 5th. The financial services provider reported C$1.86 earnings per share for the quarter. The business had revenue of C$9.07 billion for the quarter. Sun Life Financial had a net margin of 7.58% and a return on equity of 15.69%. Equities research analysts expect that Sun Life Financial will post 6.9230769 EPS 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.