CIBC Boosts Sun Life Financial (TSE:SLF) Price Target to C$97.00

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its price objective upped by investment analysts at CIBC from C$96.00 to C$97.00 in a research note issued to investors on Thursday,BayStreet.CA reports. CIBC’s target price suggests a potential upside of 15.74% from the company’s previous close.

SLF has been the topic of a number of other reports. Barclays boosted their target price on Sun Life Financial from C$82.00 to C$87.00 in a report on Monday, January 6th. National Bank Financial upgraded shares of Sun Life Financial from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th. Scotiabank upped their price target on shares of Sun Life Financial from C$85.00 to C$96.00 in a research note on Thursday, November 14th. Royal Bank of Canada raised their price objective on shares of Sun Life Financial from C$78.00 to C$82.00 in a research report on Wednesday, November 6th. Finally, TD Securities upped their target price on Sun Life Financial from C$81.00 to C$87.00 and gave the company a “hold” rating in a research report on Thursday, November 14th. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$86.73.

Sun Life Financial Stock Performance

TSE SLF opened at C$83.81 on Thursday. The firm has a market capitalization of C$48.32 billion, a P/E ratio of 15.87, a price-to-earnings-growth 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. The firm’s fifty day moving average price is C$85.17 and its two-hundred day moving average price is C$78.49. Sun Life Financial has a 1 year low of C$64.38 and a 1 year high of C$88.54.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last issued its earnings results on Monday, November 4th. The financial services provider reported C$1.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$1.71 by C$0.05. Sun Life Financial had a net margin of 9.90% and a return on equity of 13.65%. During the same period in the previous year, the business posted $1.59 EPS. As a group, research analysts anticipate that Sun Life Financial will post 6.9230769 EPS for the current year.

Insiders Place Their Bets

In other news, Senior Officer Linda Dougherty purchased 5,800 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was bought at an average price of C$84.83 per share, with a total value of C$492,014.00. Also, Director Kevin Strain sold 85,943 shares of Sun Life Financial stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of C$84.71, for a total transaction of C$7,280,231.53. Corporate insiders own 0.03% of the company’s stock.

Sun Life Financial Company Profile

Sun Life Financial is one of Canada’s Big Three life insurance companies along with Great-West Lifeco and Manulife. Sun Life provides insurance, retirement, and wealth-management services to individual and corporate customers in Canada, the United States, and Asia. It also owns MFS Investment Management, a Boston-based asset-management firm.