Sun Life Financial (SLF) Stock Forecast & Price Target

C$85.69 +1.26 (+1.49%)

(As of 12:45 PM 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

Moderate Buy

Based on 10 Analyst Ratings

Sell
0

Hold
3

Buy
7

Based on 10 Wall Street analysts who have issued ratings for Sun Life Financial in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 10 analysts, 3 have given a hold rating, and 7 have given a buy rating for SLF.

Consensus Price Target

C$81.91
-4.41% Downside

According to the 10 analysts' twelve-month price targets for Sun Life Financial, the average price target is C$81.91. The highest price target for SLF is C$96.00, while the lowest price target for SLF is C$73.00. The average price target represents a forecasted downside of -4.41% from the current price of C$85.69.

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SLF Analyst Ratings Over Time

Type	Current Forecast 11/15/23 to 11/14/24	1 Month Ago 10/16/23 to 10/15/24	3 Months Ago 8/17/23 to 8/16/24	1 Year Ago 11/15/22 to 11/15/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	7 Buy rating(s)	7 Buy rating(s)	7 Buy rating(s)	2 Buy rating(s)
Hold	3 Hold rating(s)	3 Hold rating(s)	2 Hold rating(s)	3 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	C$81.91	C$76.09	C$76.10	C$74.46
Forecasted Upside	-4.41% Downside	-3.74% Downside	6.23% Upside	7.93% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Hold

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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	Financial Services Companies
Consensus Rating Score	2.70	2.63
Consensus Rating	Moderate Buy	Moderate Buy
News Sentiment Rating	Positive News See Recent SLF 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
11/13/2024	CIBC 3 of 5 stars		Boost Target		C$90.00 ➝ C$96.00	+13.91%
11/6/2024	Royal Bank of Canada 4 of 5 stars		Boost Target		C$78.00 ➝ C$82.00	+0.74%
11/5/2024	Barclays 3 of 5 stars	A. Scott Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		C$76.00 ➝ C$79.00	-0.32%
11/5/2024	Cormark Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$82.00 ➝ C$85.00	+7.26%
11/5/2024	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$77.00 ➝ C$81.00	+2.21%
10/30/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	C$73.00 ➝ C$85.00	+7.61%
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10/16/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	C$81.00 ➝ C$89.00	+13.30%
8/13/2024	National Bankshares Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sector Perform	C$72.00 ➝ C$73.00	+5.26%
7/11/2024	Evercore Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$76.00 ➝ C$75.00	+9.92%
5/13/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform	C$80.00 ➝ C$79.00	+13.93%
2/9/2024	Desjardins Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	C$75.00 ➝ C$77.00	+8.16%
8/10/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$79.00 ➝ C$77.00	+13.45%
2/10/2023	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$72.00 ➝ C$75.00	+11.16%
2/10/2023	CSFB Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$74.00 ➝ C$75.00	+11.16%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 01:03 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 Thursday, October 31, 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. reported earnings per share (EPS) of C$1.71 for the quarter, beating analyst estimates by C$0.13. This indicates strong financial performance and potential for growth.
The company has a dividend yield of 4.11%, providing investors with a steady income stream. The dividend payout ratio of 61.36% suggests a sustainable dividend policy.
Recent insider activity shows Director Stephanie Coyles purchasing 500 shares of the company's stock, indicating confidence in the company's future prospects.
Sun Life Financial Inc. has a diverse business model operating in five segments globally, which can help mitigate risks associated with regional economic fluctuations.
The stock has a price-to-earnings ratio of 14.91, which may indicate that the stock is undervalued compared to its earnings potential, presenting a potential buying opportunity for investors.

Sun Life Financial
Bear Case

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

Analyst estimates for revenue were lower than actual figures, indicating potential challenges in meeting revenue expectations in the future.
The company's debt-to-equity ratio of 53.77 is relatively high, which may raise concerns about the company's financial leverage and ability to manage debt effectively.
Senior Officer Daniel Fishbein sold a significant number of shares, which could be interpreted as a lack of confidence in the company's future performance.
The stock's quick ratio of 84,866.00 may suggest that the company has excessive current assets compared to its current liabilities, potentially signaling inefficiencies in asset management.
Sun Life Financial Inc.'s stock price has fluctuated between C$61.84 and C$79.45 in the past year, indicating volatility that may pose risks to investors seeking stable returns.

SLF Forecast - Frequently Asked Questions

: According to the research reports of 10 Wall Street equities research analysts, the average twelve-month stock price forecast for Sun Life Financial is C$81.91, with a high forecast of C$96.00 and a low forecast of C$73.00.
: 10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Sun Life Financial in the last year. There are currently 3 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" SLF shares.
: According to analysts, Sun Life Financial's stock has a predicted downside of -4.41% based on their 12-month stock forecasts.
: Sun Life Financial has been rated by research analysts at Barclays, CIBC, Cormark, Jefferies Financial Group, Royal Bank of Canada, Scotiabank, and TD Securities in the past 90 days.
: Analysts like Sun Life Financial more than other "financial services" companies. The consensus rating score for Sun Life Financial is 2.70 while the average consensus rating score for "financial services" companies is 2.63. Learn more on how SLF compares to other companies.

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This page (TSE:SLF) was last updated on 11/14/2024 by MarketBeat.com Staff

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Sun Life Financial (SLF) Stock Forecast & Price Target