CIBC Forecasts Strong Price Appreciation for Sun Life Financial (TSE:SLF) Stock

Sun Life Financial (TSE:SLF - Get Free Report) NYSE: SLF had its target price boosted by equities researchers at CIBC from C$96.00 to C$97.00 in a research report issued on Thursday,BayStreet.CA reports. CIBC's target price points to a potential upside of 16.81% from the company's current price.

A number of other equities research analysts have also recently commented on the company. Scotiabank raised their price target on Sun Life Financial from C$85.00 to C$96.00 in a report on Thursday, November 14th. National Bankshares raised Sun Life Financial from a "sector perform" rating to an "outperform" rating and lifted their target price for the company from C$82.00 to C$95.00 in a research note on Wednesday, January 15th. Barclays upped their price target on Sun Life Financial from C$82.00 to C$87.00 in a research note on Monday, January 6th. Cormark lifted their price objective on shares of Sun Life Financial from C$82.00 to C$85.00 in a research report on Tuesday, November 5th. Finally, Jefferies Financial Group upped their target price on shares of Sun Life Financial from C$90.00 to C$94.00 in a research report on Thursday, November 14th. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of C$86.73.

Sun Life Financial Stock Performance

Sun Life Financial stock traded down C$0.77 during midday trading on Thursday, hitting C$83.04. The stock had a trading volume of 1,098,889 shares, compared to its average volume of 1,104,405. Sun Life Financial has a 52-week low of C$64.38 and a 52-week high of C$88.54. The company has a market capitalization of C$47.87 billion, a PE ratio of 15.73, a P/E/G ratio of 1.33 and a beta of 0.94. The firm's fifty day moving average is C$85.13 and its two-hundred day moving average is C$78.75. 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.

Sun Life Financial (TSE:SLF - Get Free Report) NYSE: SLF last announced its quarterly earnings data on Monday, November 4th. The financial services provider reported C$1.76 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of C$1.71 by C$0.05. Sun Life Financial had a net margin of 9.90% and a return on equity of 13.65%. During the same period in the previous year, the firm earned $1.59 earnings per share. On average, research analysts forecast that Sun Life Financial will post 6.9230769 EPS for the current year.

Insider Activity at Sun Life Financial

In related news, Director Kevin Strain sold 85,943 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of C$84.71, for a total value of C$7,280,231.53. Also, Senior Officer Linda Dougherty acquired 5,800 shares of the business's stock in a transaction dated Friday, November 15th. The stock was acquired at an average price of C$84.83 per share, for a total transaction of C$492,014.00. 0.03% of the stock is owned by corporate insiders.

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.