Sun Life Financial (TSE:SLF) Given New C$81.00 Price Target at TD Securities

Sun Life Financial (TSE:SLF - Get Free Report) NYSE: SLF had its price objective boosted by stock analysts at TD Securities from C$77.00 to C$81.00 in a report released on Tuesday, BayStreet.CA reports. TD Securities' price target points to a potential upside of 1.33% from the company's current price.

A number of other equities analysts have also recently issued reports on SLF. Barclays set a C$76.00 target price on shares of Sun Life Financial and gave the stock an "equal weight" rating in a research report on Thursday, September 5th. CIBC upped their target price on Sun Life Financial from C$80.00 to C$90.00 and gave the company an "outperform" rating in a research note on Wednesday, October 30th. Royal Bank of Canada raised their price target on Sun Life Financial from C$76.00 to C$78.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 14th. Jefferies Financial Group increased their price objective on Sun Life Financial from C$81.00 to C$89.00 and gave the company a "buy" rating in a research note on Wednesday, October 16th. Finally, Evercore decreased their target price on shares of Sun Life Financial from C$76.00 to C$75.00 in a research report on Thursday, July 11th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of C$81.00.

Sun Life Financial Stock Performance

SLF traded up C$2.49 during trading on Tuesday, reaching C$79.94. The company's stock had a trading volume of 3,295,694 shares, compared to its average volume of 2,035,891. The company has a debt-to-equity ratio of 53.77, a quick ratio of 84,866.00 and a current ratio of 65.29. The company's fifty day moving average price is C$76.93 and its 200-day moving average price is C$71.57. Sun Life Financial has a 52-week low of C$64.38 and a 52-week high of C$80.82. The company has a market capitalization of C$46.08 billion, a price-to-earnings ratio of 15.14, a price-to-earnings-growth ratio of 1.33 and a beta of 0.94.

Sun Life Financial (TSE:SLF - Get Free Report) NYSE: SLF last released its quarterly earnings data on Monday, August 12th. The financial services provider reported C$1.71 EPS for the quarter, topping analysts' consensus estimates of C$1.58 by C$0.13. Sun Life Financial had a net margin of 9.90% and a return on equity of 13.65%. The firm had revenue of C$8.92 billion for the quarter, compared to the consensus estimate of C$9.18 billion. On average, equities analysts forecast that Sun Life Financial will post 6.9230769 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Senior Officer Linda Dougherty sold 2,000 shares of the firm's stock in a transaction 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. In other news, Senior Officer Linda Dougherty sold 2,000 shares of the firm'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 dated Thursday, August 15th. The stock was bought at an average price of C$70.00 per share, for a total transaction of C$35,000.00. Following the purchase, the director now owns 500 shares in the company, valued at approximately C$35,000. 0.03% of the stock is currently owned by corporate 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.