Sun Life Financial (TSE:SLF) Upgraded at National Bank Financial

Key Points

• National Bank Financial upgraded Sun Life from "sector perform" to "outperform" and set a C$109 price target, implying about an 11.42% upside from the current price.
• The analyst consensus is a Moderate Buy with an average target of C$98.44; rating breakdown: 1 Strong Buy, 4 Buy, 4 Hold and 1 Sell.
• Shares traded at C$97.83 (up C$0.96); Sun Life has a market cap of C$54.2B and a PE of 15.91, and its latest quarter showed C$1.96 EPS on C$8.67B revenue.

Sun Life Financial (TSE:SLF - Get Free Report) NYSE: SLF was upgraded by investment analysts at National Bank Financial from a "sector perform" rating to an "outperform" rating in a research note issued on Friday,BayStreet.CA reports. The firm presently has a C$109.00 price target on the financial services provider's stock. National Bank Financial's price target would indicate a potential upside of 11.42% from the company's current price.

Other analysts also recently issued research reports about the stock. TD Securities decreased their price target on shares of Sun Life Financial from C$104.00 to C$102.00 and set a "buy" rating for the company in a research note on Thursday, February 12th. Canadian Imperial Bank of Commerce lifted their price target on shares of Sun Life Financial from C$93.00 to C$95.00 and gave the company a "neutral" rating in a research note on Thursday, January 8th. BMO Capital Markets lifted their price target 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. Desjardins set a C$101.00 price target on shares of Sun Life Financial and gave the company a "buy" rating in a research note on Friday, April 17th. Finally, Royal Bank Of Canada lifted 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. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of C$98.44.

Sun Life Financial Trading Up 1.0%

Shares of Sun Life Financial stock traded up C$0.96 on Friday, hitting C$97.83. 466,725 shares of the company traded hands, compared to its average volume of 1,959,643. The stock's 50 day moving average price is C$89.59 and its 200-day moving average price is C$86.74. 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. Sun Life Financial has a 52 week low of C$77.38 and a 52 week high of C$98.74. The company has a market cap of C$54.20 billion, a PE ratio of 15.91, a PEG ratio of 1.33 and a beta of 0.69.

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 for the quarter. Sun Life Financial had a net margin of 9.74% and a return on equity of 14.68%. The firm had revenue of C$8.67 billion during the quarter. Equities research analysts predict that Sun Life Financial will post 6.9230769 EPS 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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