BMO Capital Markets Forecasts Strong Price Appreciation for Sun Life Financial (TSE:SLF) Stock

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its target price boosted by equities research analysts at BMO Capital Markets from C$95.00 to C$100.00 in a report released on Friday,BayStreet.CA reports. The firm currently has an “outperform” rating on the financial services provider’s stock. BMO Capital Markets’ target price points to a potential upside of 6.55% from the stock’s current price.

A number of other research analysts have also weighed in on the company. UBS Group raised Sun Life Financial to a “hold” rating in a report on Thursday, October 16th. Desjardins set a C$94.00 price target on shares of Sun Life Financial and gave the stock a “buy” rating in a report on Thursday, December 18th. Jefferies Financial Group raised their price target on shares of Sun Life Financial from C$97.00 to C$103.00 in a research report on Friday. Scotiabank lifted their price objective on shares of Sun Life Financial from C$93.00 to C$96.00 and gave the company a “sector perform” rating in a research note on Friday. 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 analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Sun Life Financial has a consensus rating of “Hold” and an average price target of C$96.44.

Sun Life Financial Stock Performance

TSE:SLF traded up C$0.21 during trading hours on Friday, hitting C$93.85. 1,084,544 shares of the company were exchanged, compared to its average volume of 1,749,109. The company has a debt-to-equity ratio of 26.00, a current ratio of 92.19 and a quick ratio of 84,866.00. Sun Life Financial has a 52-week low of C$74.56 and a 52-week high of C$94.76. The stock has a market capitalization of C$51.98 billion, a price-to-earnings ratio of 17.77, a PEG ratio of 1.33 and a beta of 0.73. The company’s 50 day moving average price is C$86.03 and its 200-day moving average price is C$84.03.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last posted its quarterly earnings data on Wednesday, February 11th. The financial services provider reported C$1.96 EPS for the quarter. Sun Life Financial had a net margin of 7.58% and a return on equity of 15.69%. As a group, research analysts forecast that Sun Life Financial will post 6.9230769 earnings per share for the current year.

About Sun Life Financial

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.