Sun Life Financial (TSE:SLF) (NYSE:SLF) had its price target reduced by research analysts at TD Securities from C$61.00 to C$60.00 in a report issued on Thursday, BayStreet.CA reports. The brokerage presently has a “buy” rating on the financial services provider’s stock. TD Securities’ price objective would indicate a potential upside of 12.04% from the stock’s current price.
Other equities research analysts also recently issued research reports about the company. Desjardins raised their price target on Sun Life Financial from C$58.00 to C$59.00 in a research report on Monday, April 15th. BMO Capital Markets raised their price target on Sun Life Financial from C$58.00 to C$60.00 in a research report on Friday, May 10th. Evercore ISI restated an “outperform” rating and set a C$63.00 price target on shares of Sun Life Financial in a research report on Monday, July 22nd. Barclays downgraded Sun Life Financial from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from C$58.00 to C$57.00 in a research report on Wednesday, June 12th. Finally, National Bank Financial raised their price target on Sun Life Financial from C$58.00 to C$59.00 and gave the company an “outperform” rating in a research report on Thursday, May 9th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of C$58.09.
TSE SLF traded down C$1.29 during trading hours on Thursday, reaching C$53.55. 770,199 shares of the stock traded hands, compared to its average volume of 1,543,069. The firm has a 50 day moving average price of C$54.45. Sun Life Financial has a 1 year low of C$43.13 and a 1 year high of C$55.97. The company has a debt-to-equity ratio of 18.26, a quick ratio of 451.94 and a current ratio of 483.92. The firm has a market cap of $32.41 billion and a P/E ratio of 13.10.
Sun Life Financial (TSE:SLF) (NYSE:SLF) last released its quarterly earnings results on Wednesday, May 8th. The financial services provider reported C$1.20 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$1.21 by C($0.01). The business had revenue of C$11.39 billion during the quarter. On average, equities research analysts expect that Sun Life Financial will post 5.4399999 earnings per share for the current fiscal year.
In related news, Director Dean Connor sold 73,000 shares of the firm’s stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of C$52.72, for a total value of C$3,848,560.00. Following the sale, the director now directly owns 86,047 shares of the company’s stock, valued at C$4,536,397.84. Also, Senior Officer Colm Joseph Freyne sold 17,730 shares of the firm’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of C$53.54, for a total value of C$949,264.20.
Sun Life Financial Company Profile
Sun Life Financial Inc, a financial services company, provides insurance, wealth, and asset management solutions to individuals and corporate clients worldwide. The company operates through five segments: Sun Life Financial Canada, Sun Life Financial United States, Sun Life Financial Asset Management, Sun Life Financial Asia, and Corporate.
Further Reading: What does a market perform rating mean?
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