Sun Life Financial (TSE:SLF) Price Target Raised to C$80.00 at CIBC

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its target price boosted by equities researchers at CIBC from C$77.00 to C$80.00 in a research report issued to clients and investors on Tuesday, BayStreet.CA reports. The brokerage currently has an “outperform” rating on the financial services provider’s stock. CIBC’s target price would suggest a potential upside of 12.93% from the company’s current price.

A number of other equities analysts have also commented on the stock. Jefferies Financial Group increased their price target on shares of Sun Life Financial from C$82.00 to C$83.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Evercore upped their price objective on shares of Sun Life Financial from C$76.00 to C$78.00 and gave the company an “outperform” rating in a research note on Tuesday, January 23rd. National Bankshares upped their price objective on shares of Sun Life Financial from C$72.00 to C$73.00 and gave the company a “sector perform” rating in a research note on Friday, April 26th. TD Securities upped their price objective on shares of Sun Life Financial from C$73.00 to C$75.00 and gave the company a “hold” rating in a research note on Friday, April 12th. Finally, Desjardins increased their price target on shares of Sun Life Financial from C$75.00 to C$77.00 and gave the company a “buy” rating in a research report on Friday, February 9th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Sun Life Financial presently has an average rating of “Moderate Buy” and a consensus target price of C$77.18.

Sun Life Financial Price Performance

Shares of TSE:SLF opened at C$70.84 on Tuesday. The company’s fifty day moving average price is C$72.46 and its 200-day moving average price is C$69.70. The firm has a market capitalization of C$41.26 billion, a price-to-earnings ratio of 13.47, a PEG ratio of 1.25 and a beta of 0.96. Sun Life Financial has a one year low of C$61.84 and a one year high of C$74.94. The company has a debt-to-equity ratio of 78.47, a current ratio of 6.81 and a quick ratio of 84,866.00.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last issued its quarterly earnings results on Wednesday, February 7th. The financial services provider reported C$1.68 EPS for the quarter, topping analysts’ consensus estimates of C$1.59 by C$0.09. The firm had revenue of C$18.68 billion for the quarter. Sun Life Financial had a net margin of 10.26% and a return on equity of 13.98%. On average, equities research analysts anticipate that Sun Life Financial will post 6.9036382 earnings per share for the current fiscal year.

Insider Transactions at Sun Life Financial

In other news, Senior Officer Daniel Fishbein sold 16,000 shares of the firm’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of C$74.45, for a total value of C$1,191,120.00. Corporate insiders own 0.03% of the company’s stock.

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.