BMO Capital Markets Raises Sun Life Financial (NYSE:SLF) Price Target to $67.00

Sun Life Financial (NYSE:SLF) (TSE:SLF) had its price objective hoisted by investment analysts at BMO Capital Markets from $60.00 to $67.00 in a research report issued on Friday, Stock Target Advisor reports. BMO Capital Markets’ target price indicates a potential upside of 44.86% from the company’s previous close.

A number of other brokerages have also recently issued reports on SLF. Canaccord Genuity lifted their price target on shares of Sun Life Financial from $58.00 to $60.50 in a research report on Friday. Evercore ISI reissued an “outperform” rating on shares of Sun Life Financial in a research report on Monday, July 22nd. Barclays lifted their price target on shares of Sun Life Financial from $57.00 to $60.00 and gave the company an “equal weight” rating in a research report on Thursday, October 10th. National Bank Financial lowered shares of Sun Life Financial from an “outperform” rating to a “sector perform” rating in a research note on Thursday. Finally, ValuEngine lowered shares of Sun Life Financial from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. Two analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $59.15.

Shares of NYSE SLF opened at $46.25 on Friday. Sun Life Financial has a 1 year low of $31.49 and a 1 year high of $47.02. The stock has a market cap of $27.04 billion, a P/E ratio of 12.33, a price-to-earnings-growth ratio of 1.34 and a beta of 0.92. The firm has a 50-day moving average of $44.52 and a 200 day moving average of $41.79.

Sun Life Financial (NYSE:SLF) (TSE:SLF) last issued its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.40. Sun Life Financial had a net margin of 6.83% and a return on equity of 13.37%. The company had revenue of $7.28 billion during the quarter. During the same period last year, the business earned $1.20 earnings per share. On average, research analysts anticipate that Sun Life Financial will post 3.78 earnings per share for the current year.

A number of large investors have recently added to or reduced their stakes in SLF. Asset Planning Services Ltd. bought a new stake in Sun Life Financial during the 2nd quarter valued at about $27,000. HM Payson & Co. bought a new stake in Sun Life Financial during the 2nd quarter valued at about $31,000. Parallel Advisors LLC increased its stake in Sun Life Financial by 113.1% during the 2nd 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 grew its stake in shares of Sun Life Financial by 514.0% in the second quarter. Tower Research Capital LLC TRC now owns 921 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 771 shares during the period. Finally, Steward Partners Investment Advisory LLC bought a new stake in shares of Sun Life Financial in the second quarter worth approximately $65,000. Institutional investors and hedge funds own 40.34% 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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