Desjardins Raises Sun Life Financial (TSE:SLF) Price Target to C$101.00

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its target price hoisted by equities researchers at Desjardins from C$96.00 to C$101.00 in a note issued to investors on Friday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the financial services provider’s stock. Desjardins’ price target would suggest a potential upside of 7.62% from the stock’s previous close.

A number of other research firms also recently commented on SLF. TD Securities cut their price objective on Sun Life Financial from C$104.00 to C$102.00 and set a “buy” rating on the stock in a report on Thursday. Scotiabank increased their target price on shares of Sun Life Financial from C$93.00 to C$96.00 and gave the stock a “sector perform” rating in a research report on Friday. Royal Bank Of Canada lifted their price target 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 report on Friday. Jefferies Financial Group increased their price objective on shares of Sun Life Financial from C$97.00 to C$103.00 in a research report on Friday. Finally, National Bank Financial reduced their target price on shares of Sun Life Financial from C$94.00 to C$93.00 in a report on Thursday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of C$96.44.

Sun Life Financial Trading Up 0.2%

Shares of SLF traded up C$0.21 during mid-day trading on Friday, reaching C$93.85. The company had a trading volume of 1,084,544 shares, compared to its average volume of 1,749,109. Sun Life Financial has a fifty-two week low of C$74.56 and a fifty-two week high of C$94.76. The firm has a fifty day simple moving average of C$86.03 and a 200-day simple moving average of C$84.03. The stock has a market cap of C$51.98 billion, a price-to-earnings ratio of 17.77, a price-to-earnings-growth ratio of 1.33 and a beta of 0.73. The company has a current ratio of 92.19, a quick ratio of 84,866.00 and a debt-to-equity ratio of 26.00.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last issued its earnings results on Wednesday, February 11th. The financial services provider reported C$1.96 earnings per share for the quarter. Sun Life Financial had a return on equity of 15.69% and a net margin of 7.58%. On average, sell-side analysts anticipate that Sun Life Financial will post 6.9230769 EPS for the current fiscal year.

About Sun Life Financial

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.