National Bank Financial Issues Pessimistic Forecast for Sun Life Financial (TSE:SLF) Stock Price

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its price objective dropped by equities researchers at National Bank Financial from C$109.00 to C$108.00 in a report released on Thursday,BayStreet.CA reports. The firm presently has an “outperform” rating on the financial services provider’s stock. National Bank Financial’s target price suggests a potential upside of 13.77% from the stock’s previous close.

A number of other equities analysts also recently issued reports on the company. Canadian Imperial Bank of Commerce increased their price objective on Sun Life Financial from C$93.00 to C$95.00 and gave the stock a “neutral” rating in a report on Thursday, January 8th. Barclays increased their price target on shares of Sun Life Financial from C$84.00 to C$85.00 in a research note on Wednesday, April 8th. Jefferies Financial Group boosted their price objective on shares of Sun Life Financial from C$103.00 to C$115.00 in a research note on Friday, May 1st. Desjardins set a C$101.00 target price on shares of Sun Life Financial and gave the company a “buy” rating in a research note on Friday, April 17th. Finally, Scotiabank lifted their target price on shares of Sun Life Financial from C$93.00 to C$96.00 and gave the company a “sector perform” rating in a report on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$100.40.

Sun Life Financial Trading Down 4.6%

SLF stock traded down C$4.60 during trading on Thursday, reaching C$94.93. The company had a trading volume of 1,419,350 shares, compared to its average volume of 1,989,078. The company has a debt-to-equity ratio of 74.49, a current ratio of 2.78 and a quick ratio of 84,866.00. Sun Life Financial has a 52 week low of C$77.38 and a 52 week high of C$101.15. The business has a 50 day moving average of C$90.50 and a 200 day moving average of C$87.33. The company has a market cap of C$52.59 billion, a P/E ratio of 15.44, a PEG ratio of 1.33 and a beta of 0.73.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last posted its 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 return on equity of 14.68% and a net margin of 9.74%.The firm had revenue of C$8.67 billion for the quarter. As a group, sell-side analysts forecast that Sun Life Financial will post 6.9230769 earnings per share for the current fiscal 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.