Sun Life Financial (TSE:SLF) Price Target Raised to C$107.00 at TD

Key Points

• TD raised its price target on Sun Life to C$107 (from C$102) and kept a "buy" rating, implying roughly a 12.71% upside from the prior close.
• Several other brokers also bumped targets (Jefferies to C$115, BMO to C$100), leaving a consensus price target of C$100.40 and an average rating of Moderate Buy (1 Strong Buy, 5 Buy, 4 Hold, 1 Sell).
• Shares fell 4.6% to C$94.93 on Thursday, trading below the analyst targets; Sun Life has a market cap of C$52.59B and a P/E of 15.44.

Sun Life Financial (TSE:SLF - Get Free Report) NYSE: SLF had its target price boosted by TD from C$102.00 to C$107.00 in a report issued on Thursday,BayStreet.CA reports. The brokerage presently has a "buy" rating on the financial services provider's stock. TD's price objective suggests a potential upside of 12.71% from the stock's previous close.

A number of other analysts have also weighed in on the stock. BMO Capital Markets upped their target price on shares of Sun Life Financial from C$95.00 to C$100.00 and gave the stock an "outperform" rating in a research note on Friday, February 13th. Barclays increased their price objective on shares of Sun Life Financial from C$84.00 to C$85.00 in a research report on Wednesday, April 8th. Scotiabank lifted their price objective on shares of Sun Life Financial from C$93.00 to C$96.00 and gave the stock a "sector perform" rating in a research report on Friday, February 13th. Royal Bank Of Canada increased their target price on Sun Life Financial from C$83.00 to C$95.00 and gave the company a "sector perform" rating in a report on Friday, February 13th. Finally, Jefferies Financial Group raised their price target on Sun Life Financial from C$103.00 to C$115.00 in a research note on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of C$100.40.

Sun Life Financial Stock Down 4.6%

SLF traded down C$4.60 on Thursday, hitting C$94.93. 1,419,350 shares of the company were exchanged, compared to its average volume of 1,989,078. Sun Life Financial has a twelve month low of C$77.38 and a twelve month high of C$101.15. The company has a market cap of C$52.59 billion, a price-to-earnings ratio of 15.44, a price-to-earnings-growth ratio of 1.33 and a beta of 0.73. The company has a current ratio of 2.78, a quick ratio of 84,866.00 and a debt-to-equity ratio of 74.49. The firm has a 50-day moving average price of C$90.50 and a two-hundred day moving average price of C$87.33.

Sun Life Financial (TSE:SLF - Get Free Report) NYSE: SLF last posted its quarterly earnings results on Wednesday, February 11th. The financial services provider reported C$1.96 earnings per share (EPS) for the quarter. The company had revenue of C$8.67 billion for the quarter. Sun Life Financial had a return on equity of 14.68% and a net margin of 9.74%. On average, equities analysts predict 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.

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