Sun Life Financial (SLF) Stock Forecast & Price Target

$61.51 -0.07 (-0.11%)

(As of 11/26/2024 ET)

Sun Life Financial - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Buy

Based on 3 Analyst Ratings

Sell
0

Hold
1

Buy
2

Based on 3 Wall Street analysts who have issued ratings for Sun Life Financial in the last 12 months, the stock has a consensus rating of "Buy." Out of the 3 analysts, 1 has given a hold rating, 1 has given a buy rating, and 1 has given a strong buy rating for SLF.

Consensus Price Target

N/A

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SLF Analyst Ratings Over Time

Type	Current Forecast 11/27/23 to 11/26/24	1 Month Ago 10/28/23 to 10/27/24	3 Months Ago 8/29/23 to 8/28/24	1 Year Ago 11/27/22 to 11/27/23
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	1 Buy rating(s)	1 Buy rating(s)	1 Buy rating(s)	2 Buy rating(s)
Hold	1 Hold rating(s)	1 Hold rating(s)	0 Hold rating(s)	1 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	N/A	N/A	N/A	$77.00
Forecasted Upside	N/A	N/A	N/A	50.54% Upside
Consensus Rating	Buy	Buy	Strong Buy	Moderate Buy

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SLF Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

SLF Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Sun Life Financial Stock vs. The Competition

Type	Sun Life Financial	Finance Companies	S&P 500
Consensus Rating Score	3.00	2.49	2.50
Consensus Rating	Buy	Hold	Moderate Buy
Predicted Upside	N/A	9.49% Upside	6.79% Upside
News Sentiment Rating	Positive News See Recent SLF News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
9/5/2024	Barclays 3 of 5 stars	A. Scott Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Equal Weight
6/3/2024	Argus 2 of 5 stars	K. Heal Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
2/22/2024	Jefferies Financial Group 2 of 5 stars		Initiated Coverage	Buy
8/10/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$79.00 ➝ $77.00	+51.10%
5/15/2023	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Sector Perform ➝ Outperform
2/10/2023	Desjardins Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$73.00 ➝ C$75.00
2/10/2023	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$76.00 ➝ C$78.00
2/10/2023	National Bank Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$69.00 ➝ C$71.00
2/10/2023	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$71.00 ➝ C$75.00
2/10/2023	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$68.00 ➝ C$71.00
2/9/2023	CIBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Neutral

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 09:39 PM ET.

Should I Buy Sun Life Financial Stock? SLF Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Tuesday, November 26, 2024. Please send any questions or comments about these Sun Life Financial pros and cons to contact@marketbeat.com.

Sun Life Financial
Bull Case

Here are some ways that investors could benefit from investing in Sun Life Financial Inc.:

Sun Life Financial Inc. recently increased its quarterly dividend to $0.621 per share, reflecting a commitment to returning value to shareholders. This increase from the previous dividend of $0.59 indicates strong financial health and a focus on shareholder returns.
The company's stock is currently trading at $60.25, which is near its 1-year high of $61.61. This suggests a positive market sentiment and potential for further appreciation in value.
Sun Life Financial Inc. has a solid return on equity of 17.68%, indicating effective management and profitability relative to shareholder equity. This is a key metric for investors looking for efficient use of their capital.
Institutional investors hold 52.26% of the company's stock, which often signals confidence in the company's future performance. High institutional ownership can lead to more stability in stock price and less volatility.
Analysts have recently upgraded their ratings on Sun Life Financial Inc., with StockNews.com raising it from "hold" to "buy." Positive analyst ratings can attract more investors and drive up stock prices.

Sun Life Financial
Bear Case

Investors should be bearish about investing in Sun Life Financial Inc. for these reasons:

The company's revenue for the latest quarter was $6.52 billion, which fell short of analyst estimates of $6.72 billion. This miss could raise concerns about future growth and operational efficiency.
Sun Life Financial Inc. has a net margin of 7.32%, which, while positive, may indicate that there is limited room for profitability improvement compared to competitors in the financial services sector.
The stock has experienced fluctuations, with a 1-year low of $46.41, suggesting potential volatility that could deter risk-averse investors.
Despite the recent dividend increase, the dividend payout ratio stands at 52.34%, which means that over half of the company's earnings are being distributed as dividends. This could limit the funds available for reinvestment in growth opportunities.
Market conditions and economic factors can impact the financial services sector, and any downturn could adversely affect Sun Life Financial Inc.'s performance and stock price.

SLF Forecast - Frequently Asked Questions

: 3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Sun Life Financial in the last twelve months. There is currently 1 hold rating, 1 buy rating and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" SLF shares.
: According to analysts, Sun Life Financial's stock has a predicted downside of -100.00% based on their 12-month stock forecasts.
: Sun Life Financial has been rated by research analysts at Barclays in the past 90 days.
: Analysts like Sun Life Financial more than other "finance" companies. The consensus rating for Sun Life Financial is Buy while the average consensus rating for "finance" companies is Hold. Learn more on how SLF compares to other companies.

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This page (NYSE:SLF) was last updated on 11/26/2024 by MarketBeat.com Staff

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Sun Life Financial (SLF) Stock Forecast & Price Target