Sun Life Financial (TSE:SLF – Get Free Report) (NYSE:SLF) had its price objective increased by CIBC from C$77.00 to C$80.00 in a report issued 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 analysts have also weighed in on SLF. Jefferies Financial Group raised their price target on shares of Sun Life Financial from C$82.00 to C$83.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Royal Bank of Canada lifted their target price on shares of Sun Life Financial from C$76.00 to C$77.00 and gave the stock an “outperform” rating in a report on Friday, February 9th. Evercore lifted their target price on shares of Sun Life Financial from C$76.00 to C$78.00 and gave the stock an “outperform” rating in a report on Tuesday, January 23rd. BMO Capital Markets lifted their target price on shares of Sun Life Financial from C$70.00 to C$80.00 and gave the stock an “outperform” rating in a report on Thursday, January 25th. Finally, TD Securities lifted their target price on shares of Sun Life Financial from C$73.00 to C$75.00 and gave the stock a “hold” rating in a report on Friday, April 12th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$77.18.
Check Out Our Latest Research Report on SLF
Sun Life Financial Stock Performance
Sun Life Financial (TSE:SLF – Get Free Report) (NYSE:SLF) last posted its earnings results on Wednesday, February 7th. The financial services provider reported C$1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$1.59 by C$0.09. Sun Life Financial had a net margin of 10.26% and a return on equity of 13.98%. The company had revenue of C$18.68 billion during the quarter. As a group, sell-side analysts anticipate that Sun Life Financial will post 6.9036382 EPS for the current fiscal year.
Insider Activity at Sun Life Financial
In related news, Senior Officer Daniel Fishbein sold 16,000 shares of the business’s stock in a transaction on 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. 0.03% of the stock is currently owned by insiders.
Sun Life Financial Company Profile
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.
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