Sun Life Financial (TSE:SLF) Price Target Increased to C$73.00 by Analysts at National Bankshares

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its price objective boosted by stock analysts at National Bankshares from C$72.00 to C$73.00 in a research note issued on Friday, BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the financial services provider’s stock. National Bankshares’ price target would indicate a potential upside of 3.33% from the company’s current price.

SLF has been the subject of several other research reports. TD Securities lifted their price target on shares of Sun Life Financial from C$73.00 to C$75.00 and gave the stock a “hold” rating in a research report on Friday, April 12th. Jefferies Financial Group boosted their price objective on shares of Sun Life Financial from C$82.00 to C$83.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. BMO Capital Markets lifted their price target on shares of Sun Life Financial from C$70.00 to C$80.00 and gave the stock an “outperform” rating in a research report on Thursday, January 25th. Desjardins lifted their target price on Sun Life Financial from C$75.00 to C$77.00 and gave the stock a “buy” rating in a report on Friday, February 9th. Finally, Scotiabank raised their price target on Sun Life Financial from C$75.00 to C$76.00 in a research report on Tuesday, February 6th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, Sun Life Financial has an average rating of “Moderate Buy” and an average price target of C$76.91.

Sun Life Financial Price Performance

Shares of TSE SLF traded up C$0.51 during mid-day trading on Friday, hitting C$70.65. 526,961 shares of the stock were exchanged, compared to its average volume of 1,812,877. Sun Life Financial has a twelve month low of C$61.84 and a twelve month high of C$74.94. The stock’s fifty day simple moving average is C$72.64 and its two-hundred day simple moving average is C$69.57. The company has a debt-to-equity ratio of 78.47, a quick ratio of 84,866.00 and a current ratio of 6.81. The company has a market cap of C$41.15 billion, a P/E ratio of 13.43, a PEG ratio of 1.25 and a beta of 0.96.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last posted its quarterly earnings data on Wednesday, February 7th. The financial services provider reported C$1.68 earnings per share for the quarter, topping the consensus estimate of C$1.59 by C$0.09. The firm had revenue of C$18.68 billion during the quarter. Sun Life Financial had a net margin of 10.26% and a return on equity of 13.98%. As a group, analysts forecast that Sun Life Financial will post 6.9036382 EPS for the current fiscal year.

Insider Transactions at Sun Life Financial

In related news, Senior Officer Daniel Fishbein sold 16,000 shares of the business’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of C$74.45, for a total transaction of C$1,191,120.00. Company insiders own 0.03% of the company’s stock.

About Sun Life Financial

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.