TD Securities Raises Sun Life Financial (TSE:SLF) Price Target to C$81.00

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its price objective hoisted by stock analysts at TD Securities from C$77.00 to C$81.00 in a research report issued on Tuesday, BayStreet.CA reports. TD Securities’ target price would indicate a potential upside of 2.35% from the company’s previous close.

SLF has been the topic of several other research reports. Jefferies Financial Group boosted their price target on Sun Life Financial from C$81.00 to C$89.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. National Bankshares raised their price target 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 note on Tuesday, August 13th. Barclays set a C$76.00 price target on Sun Life Financial and gave the company an “equal weight” rating in a research report on Thursday, September 5th. Evercore cut their price objective on Sun Life Financial from C$76.00 to C$75.00 in a report on Thursday, July 11th. Finally, Scotiabank increased their price objective on shares of Sun Life Financial from C$73.00 to C$85.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Three investment 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, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$81.00.

Sun Life Financial Trading Up 2.2 %

SLF traded up C$1.69 during mid-day trading on Tuesday, hitting C$79.14. 621,660 shares of the stock were exchanged, compared to its average volume of 2,023,379. Sun Life Financial has a 1-year low of C$64.38 and a 1-year high of C$80.82. The firm’s fifty day moving average is C$76.79 and its two-hundred day moving average is C$71.50. The company has a current ratio of 65.29, a quick ratio of 84,866.00 and a debt-to-equity ratio of 53.77. The company has a market cap of C$45.62 billion, a PE ratio of 15.01, a PEG ratio of 1.33 and a beta of 0.94.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last announced its quarterly earnings results on Monday, August 12th. The financial services provider reported C$1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$1.58 by C$0.13. The firm 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 return on equity of 13.65% and a net margin of 9.90%. Equities analysts forecast that Sun Life Financial will post 6.9230769 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Stephanie Coyles acquired 500 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were purchased at an average price of C$70.00 per share, for a total transaction of C$35,000.00. Following the completion of the purchase, the director now directly owns 500 shares of the company’s stock, valued at C$35,000. In other news, Senior Officer Linda Dougherty sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of C$75.30, for a total transaction of C$150,590.00. Also, Director Stephanie Coyles bought 500 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were 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 purchase, 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.

Sun Life Financial Company Profile

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.