National Bankshares Raises Sun Life Financial (TSE:SLF) Price Target to C$73.00

Sun Life Financial (TSE:SLF - Get Free Report) NYSE: SLF had its price objective lifted by equities research analysts at National Bankshares from C$72.00 to C$73.00 in a research note issued to investors on Friday, BayStreet.CA reports. The brokerage currently has a "sector perform" rating on the financial services provider's stock. National Bankshares' price target points to a potential upside of 3.30% from the company's previous close.

A number of other analysts have also recently commented on the company. TD Securities lifted their target price on Sun Life Financial from C$73.00 to C$75.00 and gave the stock a "hold" rating in a research report on Friday, April 12th. Scotiabank lifted their target price on Sun Life Financial from C$75.00 to C$76.00 in a research report on Tuesday, February 6th. Jefferies Financial Group lifted their target price on Sun Life Financial from C$82.00 to C$83.00 and gave the stock a "buy" rating in a research report on Wednesday, March 6th. CIBC lifted their target price on Sun Life Financial from C$75.00 to C$77.00 and gave the stock an "outperform" rating in a research report on Friday, February 9th. Finally, BMO Capital Markets lifted their target price on Sun Life Financial from C$70.00 to C$80.00 and gave the stock an "outperform" rating in a research report on Thursday, January 25th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of C$76.91.

Sun Life Financial Stock Up 0.8 %

TSE:SLF traded up C$0.53 during midday trading on Friday, reaching C$70.67. The company had a trading volume of 881,265 shares, compared to its average volume of 1,817,403. The firm has a market capitalization of C$41.16 billion, a price-to-earnings ratio of 13.44, a PEG ratio of 1.25 and a beta of 0.96. The stock's fifty day simple moving average is C$72.60 and its 200-day simple moving average is C$69.60. Sun Life Financial has a 12-month low of C$61.84 and a 12-month high of C$74.94. The company has a current ratio of 6.81, a quick ratio of 84,866.00 and a debt-to-equity ratio of 78.47.

Sun Life Financial (TSE:SLF - Get Free Report) NYSE: SLF last announced its quarterly earnings results on Wednesday, February 7th. The financial services provider reported C$1.68 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of C$1.59 by C$0.09. The company had revenue of C$18.68 billion during the quarter. Sun Life Financial had a return on equity of 13.98% and a net margin of 10.26%. On average, sell-side analysts anticipate that Sun Life Financial will post 6.9036382 earnings per share for the current fiscal year.

Insider Activity at Sun Life Financial

In other Sun Life Financial news, Senior Officer Daniel Fishbein sold 16,000 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of C$74.45, for a total transaction of C$1,191,120.00. 0.03% of the stock is owned by corporate insiders.

Sun Life Financial Company Profile

Sun Life Financial Inc, a financial services company, provides savings, retirement, and pension products worldwide. The company operates in five segments: Asset Management, Canada, U.S., Asia, and Corporate. It offers various insurance products, such as term and permanent life; personal health, which includes prescription drugs, dental, and vision care; critical illness; long-term care; and disability, as well as reinsurance.