Sun Life Financial (TSE:SLF) Price Target Raised to C$90.00

Sun Life Financial (TSE:SLF - Get Free Report) NYSE: SLF had its target price boosted by CIBC from C$80.00 to C$90.00 in a research report issued on Wednesday, BayStreet.CA reports. The firm currently has an "outperform" rating on the financial services provider's stock. CIBC's price target suggests a potential upside of 14.49% from the stock's previous close.

Other equities analysts also recently issued research reports about the stock. Royal Bank of Canada boosted their price target on shares of Sun Life Financial from C$76.00 to C$78.00 and gave the company an "outperform" rating in a report on Wednesday, August 14th. Evercore reduced their price target on shares of Sun Life Financial from C$76.00 to C$75.00 in a report on Thursday, July 11th. Barclays set a C$76.00 price target on shares of Sun Life Financial and gave the company an "equal weight" rating in a report on Thursday, September 5th. Scotiabank boosted their price target on shares of Sun Life Financial from C$73.00 to C$85.00 and gave the company an "outperform" rating in a report on Wednesday. Finally, National Bankshares boosted their price target on shares of Sun Life Financial from C$72.00 to C$73.00 and gave the company a "sector perform" rating in a report on Tuesday, August 13th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of C$78.82.

Sun Life Financial Stock Performance

Sun Life Financial stock traded down C$0.48 during mid-day trading on Wednesday, reaching C$78.61. The company's stock had a trading volume of 1,203,346 shares, compared to its average volume of 2,019,439. The firm has a market cap of C$45.32 billion, a price-to-earnings ratio of 14.89, a PEG ratio of 1.33 and a beta of 0.94. The business has a 50 day moving average price of C$76.45 and a 200-day moving average price of C$71.35. 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 has a twelve month low of C$62.75 and a twelve month high of C$79.45.

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. 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 net margin of 9.90% and a return on equity of 13.65%. Sell-side analysts predict that Sun Life Financial will post 6.9230769 EPS for the current fiscal year.

Insider Buying and Selling at Sun Life Financial

In other Sun Life Financial news, Senior Officer Linda Dougherty sold 2,000 shares of Sun Life Financial stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of C$75.30, for a total transaction of C$150,590.00. In other news, Director Stephanie Coyles purchased 500 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was acquired at an average price of C$70.00 per share, with a total value of C$35,000.00. Following the purchase, the director now owns 500 shares in the company, valued at C$35,000. Also, 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 value of C$150,590.00. Company insiders own 0.03% of the company's stock.

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.