Desjardins Reiterates C$101.00 Price Target for Sun Life Financial (TSE:SLF)

Sun Life Financial (TSE:SLF) (NYSE:SLF) has been assigned a C$101.00 price objective by Desjardins in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the financial services provider’s stock. Desjardins’ price target points to a potential upside of 4.87% from the company’s previous close.

A number of other equities research analysts also recently issued reports on SLF. Jefferies Financial Group boosted their price objective on shares of Sun Life Financial from C$97.00 to C$103.00 in a research report on Friday, February 13th. Canadian Imperial Bank of Commerce boosted their price target on shares of Sun Life Financial from C$93.00 to C$95.00 and gave the stock a “neutral” rating in a research note on Thursday, January 8th. Royal Bank Of Canada upped their target price on shares of Sun Life Financial from C$83.00 to C$95.00 and gave the company a “sector perform” rating in a research report on Friday, February 13th. TD Securities decreased their target price on shares of Sun Life Financial from C$104.00 to C$102.00 and set a “buy” rating on the stock in a research report on Thursday, February 12th. Finally, Barclays increased their price objective on shares of Sun Life Financial from C$84.00 to C$85.00 in a research report on Wednesday, April 8th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of C$96.67.

Sun Life Financial Stock Up 2.4%

Shares of SLF traded up C$2.25 on Friday, hitting C$96.31. 722,741 shares of the stock traded hands, compared to its average volume of 2,024,426. The company has a market capitalization of C$53.36 billion, a PE ratio of 15.66, a P/E/G ratio of 1.33 and a beta of 0.69. The company has a debt-to-equity ratio of 74.49, a quick ratio of 84,866.00 and a current ratio of 2.78. The business has a 50 day simple moving average of C$88.89 and a 200 day simple moving average of C$86.30. Sun Life Financial has a one year low of C$77.38 and a one year high of C$96.42.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last announced its earnings results on Wednesday, February 11th. The financial services provider reported C$1.96 earnings per share for the quarter. The business had revenue of C$8.67 billion during the quarter. Sun Life Financial had a net margin of 9.74% and a return on equity of 14.68%. As a group, equities 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.