Sun Life Financial (TSE:SLF) Stock Price Expected to Rise, CIBC Analyst Says

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its target price increased by analysts at CIBC from C$90.00 to C$96.00 in a research report issued on Wednesday,BayStreet.CA reports. CIBC’s price objective suggests a potential upside of 11.69% from the company’s previous close.

Several other research firms have also recently weighed in on SLF. TD Securities boosted their price target on Sun Life Financial from C$77.00 to C$81.00 in a research note on Tuesday, November 5th. Jefferies Financial Group boosted their target price on Sun Life Financial from C$81.00 to C$89.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Royal Bank of Canada raised their price target on shares of Sun Life Financial from C$78.00 to C$82.00 in a report on Wednesday, November 6th. National Bankshares boosted their price objective 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. Finally, Barclays raised their target price on shares of Sun Life Financial from C$76.00 to C$79.00 in a report on Tuesday, November 5th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Sun Life Financial has an average rating of “Moderate Buy” and an average target price of C$84.18.

Sun Life Financial Stock Up 1.8 %

Shares of Sun Life Financial stock opened at C$85.95 on Wednesday. The company has a 50-day simple moving average of C$78.09 and a two-hundred day simple moving average of C$72.11. The stock has a market capitalization of C$49.55 billion, a PE ratio of 16.28, a price-to-earnings-growth ratio of 1.33 and a beta of 0.94. Sun Life Financial has a 52-week low of C$64.38 and a 52-week high of C$86.39. 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.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last announced its quarterly earnings data on Monday, August 12th. The financial services provider reported C$1.71 earnings per share 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 company had revenue of C$8.92 billion during the quarter, compared to analyst estimates of C$9.18 billion. On average, analysts anticipate that Sun Life Financial will post 6.9230769 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Senior Officer Linda Dougherty sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of C$75.30, for a total transaction of C$150,590.00. 0.03% of the stock is owned by 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.