Sun Life Financial (TSE:SLF) Price Target Lowered to C$102.00 at TD Securities

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its price target reduced by equities research analysts at TD Securities from C$104.00 to C$102.00 in a report issued on Thursday,BayStreet.CA reports. The firm presently has a “buy” rating on the financial services provider’s stock. TD Securities’ target price indicates a potential upside of 9.44% from the stock’s current price.

SLF has been the subject of a number of other reports. Barclays reduced their target price on shares of Sun Life Financial from C$84.00 to C$83.00 in a report on Friday, January 9th. National Bank Financial cut their target price on Sun Life Financial from C$94.00 to C$93.00 in a research report on Thursday, November 6th. Desjardins set a C$94.00 price target on Sun Life Financial and gave the company a “buy” rating in a research report on Thursday, December 18th. UBS Group raised shares of Sun Life Financial to a “hold” rating in a research note on Thursday, October 16th. Finally, Royal Bank Of Canada set a C$84.00 target price on shares of Sun Life Financial and gave the stock a “sector perform” rating in a report on Monday, January 19th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of C$93.00.

Sun Life Financial Trading Up 5.8%

Shares of TSE:SLF traded up C$5.13 during trading on Thursday, reaching C$93.20. 1,995,823 shares of the stock were exchanged, compared to its average volume of 1,672,670. The firm has a market cap of C$51.61 billion, a price-to-earnings ratio of 17.65, a price-to-earnings-growth ratio of 1.33 and a beta of 0.73. The company has a debt-to-equity ratio of 26.00, a quick ratio of 84,866.00 and a current ratio of 92.19. Sun Life Financial has a 12-month low of C$74.56 and a 12-month high of C$93.77. The firm’s 50-day moving average price is C$85.77 and its 200 day moving average price is C$83.96.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last announced its earnings results on Wednesday, February 11th. The financial services provider reported C$1.96 earnings per share (EPS) for the quarter. Sun Life Financial had a return on equity of 15.69% and a net margin of 7.58%. On average, sell-side analysts anticipate that Sun Life Financial will post 6.9230769 earnings per share for the current fiscal year.

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. Sun Life generates about a third of its profit from asset-management operations.