TD Securities Issues Positive Forecast for Sun Life Financial (TSE:SLF) Stock Price

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its target price increased by research analysts at TD Securities from C$81.00 to C$87.00 in a research note issued on Thursday,BayStreet.CA reports. The firm currently has a “hold” rating on the financial services provider’s stock. TD Securities’ price target would indicate a potential upside of 1.42% from the stock’s previous close.

Other research analysts have also issued research reports about the stock. National Bankshares boosted their target price on shares of Sun Life Financial from C$72.00 to C$73.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 13th. CIBC increased their price objective on Sun Life Financial from C$90.00 to C$96.00 in a research report on Wednesday. Scotiabank boosted their target price on shares of Sun Life Financial from C$73.00 to C$85.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Barclays boosted their price objective on shares of Sun Life Financial from C$76.00 to C$79.00 in a report on Tuesday, November 5th. Finally, Jefferies Financial Group lifted their target price on Sun Life Financial from C$81.00 to C$89.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$84.18.

Sun Life Financial Price Performance

Shares of SLF traded up C$1.35 during trading hours on Thursday, reaching C$85.78. 784,585 shares of the company traded hands, compared to its average volume of 2,011,866. The stock has a fifty day simple moving average of C$78.09 and a 200 day simple moving average of C$72.11. The company has a quick ratio of 84,866.00, a current ratio of 65.29 and a debt-to-equity ratio of 53.77. Sun Life Financial has a fifty-two week low of C$64.38 and a fifty-two week high of C$86.39. The stock has a market capitalization of C$49.45 billion, a PE ratio of 16.25, a price-to-earnings-growth ratio of 1.33 and a beta of 0.94.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last issued its quarterly earnings results on Monday, August 12th. The financial services provider reported C$1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$1.58 by C$0.13. Sun Life Financial had a return on equity of 13.65% and a net margin of 9.90%. The firm had revenue of C$8.92 billion during the quarter, compared to analyst estimates of C$9.18 billion. As a group, research analysts predict that Sun Life Financial will post 6.9230769 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Senior Officer Daniel Fishbein sold 15,999 shares of the business’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of C$71.40, for a total value of C$1,142,323.80. In other Sun Life Financial news, Senior Officer Linda Dougherty sold 2,000 shares of Sun Life Financial stock in a transaction on Thursday, September 12th. The stock was sold at an average price of C$75.30, for a total transaction of C$150,590.00. Also, Senior Officer Daniel Fishbein sold 15,999 shares of the stock in a transaction on Friday, August 16th. The stock was sold at an average price of C$71.40, for a total value of C$1,142,323.80. 0.03% of the stock is currently owned by corporate insiders.

About Sun Life Financial

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.