Sun Life Financial (NYSE:SLF) (TSE:SLF) received a $60.00 price objective from investment analysts at BMO Capital Markets in a research report issued to clients and investors on Tuesday, TipRanks reports. The firm presently has a “buy” rating on the financial services provider’s stock. BMO Capital Markets’ target price would suggest a potential upside of 36.27% from the company’s previous close.
A number of other equities research analysts have also weighed in on SLF. Argus lifted their price objective on Sun Life Financial from $42.00 to $45.00 and gave the stock a “buy” rating in a research report on Monday, July 1st. Zacks Investment Research upgraded Sun Life Financial from a “sell” rating to a “hold” rating and set a $45.00 price objective on the stock in a research report on Thursday, July 4th. Barclays lifted their price objective on Sun Life Financial from $57.00 to $60.00 and gave the stock an “equal weight” rating in a research report on Thursday. Evercore ISI reiterated an “outperform” rating on shares of Sun Life Financial in a research report on Monday, July 22nd. Finally, ValuEngine lowered Sun Life Financial from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $53.00.
Sun Life Financial stock traded up $0.68 during trading hours on Tuesday, reaching $44.03. The company had a trading volume of 545,484 shares, compared to its average volume of 516,853. The company has a 50-day moving average price of $42.79 and a 200 day moving average price of $40.98. The firm has a market cap of $26.16 billion, a price-to-earnings ratio of 11.74, a P/E/G ratio of 1.25 and a beta of 0.91. Sun Life Financial has a 12-month low of $31.49 and a 12-month high of $45.05.
Sun Life Financial (NYSE:SLF) (TSE:SLF) last announced its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $1.24 EPS for the quarter, topping the Zacks’ consensus estimate of $0.94 by $0.30. The business had revenue of $7.59 billion for the quarter, compared to analysts’ expectations of $6.93 billion. Sun Life Financial had a return on equity of 13.37% and a net margin of 6.83%. During the same period in the previous year, the firm earned $1.20 EPS. Analysts anticipate that Sun Life Financial will post 3.8 earnings per share for the current year.
Hedge funds have recently modified their holdings of the company. Asset Planning Services Ltd. bought a new stake in shares of Sun Life Financial during the second quarter valued at approximately $27,000. HM Payson & Co. bought a new stake in shares of Sun Life Financial during the second quarter valued at approximately $31,000. Parallel Advisors LLC boosted its position in shares of Sun Life Financial by 113.1% during the second quarter. Parallel Advisors LLC now owns 827 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 439 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Sun Life Financial by 514.0% during the second quarter. Tower Research Capital LLC TRC now owns 921 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 771 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC bought a new stake in shares of Sun Life Financial during the second quarter valued at approximately $65,000. Hedge funds and other institutional investors own 40.04% of the company’s stock.
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.
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