Sun Life Financial (TSE:SLF) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

Key Points

• Jefferies raised its price target on Sun Life to C$115 (from C$103), implying about a 16.76% upside from the prior close.
• The stock carries a consensus rating of "Moderate Buy" with a consensus price target of C$99.78, based on analyst mix of 1 Strong Buy, 4 Buy, 4 Hold and 1 Sell.
• Shares traded at C$98.49 (near a one‑year high of C$98.88); Sun Life has a market cap of C$54.56 billion, a P/E of 16.01, reported C$1.96 EPS for the quarter, and a return on equity of 14.68%.

Sun Life Financial (TSE:SLF - Get Free Report) NYSE: SLF had its price target boosted by Jefferies Financial Group from C$103.00 to C$115.00 in a report released on Friday,BayStreet.CA reports. Jefferies Financial Group's price target suggests a potential upside of 16.76% from the company's previous close.

Other analysts have also issued research reports about the stock. Royal Bank Of Canada boosted their price target on shares of Sun Life Financial from C$83.00 to C$95.00 and gave the company a "sector perform" rating in a research note on Friday, February 13th. National Bank Financial raised shares of Sun Life Financial from a "sector perform" rating to an "outperform" rating and set a C$109.00 price objective on the stock in a research note on Friday, April 24th. Scotiabank raised 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, February 13th. BMO Capital Markets raised their price objective on shares of Sun Life Financial from C$95.00 to C$100.00 and gave the company an "outperform" rating in a research note on Friday, February 13th. Finally, TD Securities dropped their price objective on shares of Sun Life Financial from C$104.00 to C$102.00 and set a "buy" rating on the stock in a research note on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of C$99.78.

Sun Life Financial Trading Up 0.6%

Shares of Sun Life Financial stock traded up C$0.62 on Friday, hitting C$98.49. 267,161 shares of the company's stock traded hands, compared to its average volume of 1,937,348. Sun Life Financial has a one year low of C$77.38 and a one year high of C$98.88. The company has a debt-to-equity ratio of 74.49, a current ratio of 2.78 and a quick ratio of 84,866.00. The company has a fifty day moving average of C$90.10 and a two-hundred day moving average of C$87.14. The company has a market capitalization of C$54.56 billion, a price-to-earnings ratio of 16.01, a price-to-earnings-growth ratio of 1.33 and a beta of 0.69.

Sun Life Financial (TSE:SLF - Get Free Report) NYSE: SLF last announced its earnings results on Wednesday, February 11th. The financial services provider reported C$1.96 EPS for the quarter. Sun Life Financial had a return on equity of 14.68% and a net margin of 9.74%.The company had revenue of C$8.67 billion for the quarter. As a group, sell-side analysts expect 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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