Sun Life Financial (TSE:SLF) Price Target Raised to C$82.00

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its target price increased by investment analysts at Royal Bank of Canada from C$78.00 to C$82.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. Royal Bank of Canada’s price objective points to a potential downside of 0.76% from the stock’s current price.

A number of other equities analysts have also weighed in on SLF. Scotiabank increased their target price on Sun Life Financial from C$73.00 to C$85.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Evercore decreased their price objective on Sun Life Financial from C$76.00 to C$75.00 in a report on Thursday, July 11th. Cormark lifted their target price on Sun Life Financial from C$82.00 to C$85.00 in a report on Tuesday. Barclays upped their price target on shares of Sun Life Financial from C$76.00 to C$79.00 in a research note on Tuesday. Finally, CIBC raised their price target on shares of Sun Life Financial from C$80.00 to C$90.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$81.36.

Sun Life Financial Stock Up 0.7 %

SLF stock opened at C$82.63 on Wednesday. The business’s 50 day simple moving average is C$77.10 and its 200 day simple moving average is C$71.66. Sun Life Financial has a 1-year low of C$64.38 and a 1-year high of C$82.86. The firm has a market capitalization of C$47.64 billion, a PE ratio of 15.60, a PEG ratio of 1.33 and a beta of 0.94. 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) (NYSE:SLF) last issued its quarterly earnings data on Monday, August 12th. The financial services provider reported C$1.71 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of C$8.92 billion for the quarter, compared to analyst estimates of C$9.18 billion. As a group, research analysts anticipate that Sun Life Financial will post 6.9230769 EPS for the current year.

Insider Activity

In other news, Director Stephanie Coyles acquired 500 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were acquired at an average cost of C$70.00 per share, with a total value of C$35,000.00. Following the completion of the purchase, the director now directly owns 500 shares of the company’s stock, valued at C$35,000. In related news, Director Stephanie Coyles bought 500 shares of the company’s stock in a transaction dated Thursday, August 15th. The stock was purchased at an average price of C$70.00 per share, with a total value of C$35,000.00. Following the completion of the acquisition, the director now owns 500 shares of the company’s stock, valued at C$35,000. Also, Senior Officer Daniel Fishbein sold 15,999 shares of Sun Life Financial stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of C$71.40, for a total transaction of C$1,142,323.80. Corporate 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.