Sun Life Financial (TSE:SLF) Given New C$75.00 Price Target at Evercore

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its price target reduced by equities researchers at Evercore from C$76.00 to C$75.00 in a research report issued on Thursday, BayStreet.CA reports. Evercore’s price objective would suggest a potential upside of 9.92% from the stock’s previous close.

Other analysts have also issued research reports about the company. BMO Capital Markets decreased their price target on Sun Life Financial from C$80.00 to C$79.00 and set an “outperform” rating on the stock in a report on Monday, May 13th. National Bankshares decreased their price target on Sun Life Financial from C$73.00 to C$72.00 in a report on Friday, May 10th. CIBC increased their price target on Sun Life Financial from C$77.00 to C$80.00 and gave the company an “outperform” rating in a report on Tuesday, April 30th. Scotiabank decreased their price target on Sun Life Financial from C$76.00 to C$73.00 and set an “outperform” rating on the stock in a report on Monday, May 13th. Finally, TD Securities cut their price objective on Sun Life Financial from C$75.00 to C$71.00 in a research report on Friday, May 10th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Sun Life Financial has an average rating of “Moderate Buy” and an average target price of C$76.00.

Sun Life Financial Price Performance

Shares of SLF traded up C$0.34 during mid-day trading on Thursday, hitting C$68.23. 1,154,404 shares of the stock were exchanged, compared to its average volume of 2,108,527. The company has a market cap of C$39.65 billion, a PE ratio of 13.12, a price-to-earnings-growth ratio of 1.25 and a beta of 0.96. Sun Life Financial has a 52-week low of C$61.84 and a 52-week high of C$74.94. The firm has a 50-day moving average of C$68.30 and a two-hundred day moving average of C$70.10. The company has a debt-to-equity ratio of 26.46, a quick ratio of 84,866.00 and a current ratio of 56.69.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last issued its quarterly earnings data on Thursday, May 9th. The financial services provider reported C$1.50 earnings per share (EPS) for the quarter, missing the consensus estimate of C$1.64 by C($0.14). The firm had revenue of C$6.88 billion for the quarter, compared to analysts’ expectations of C$9.96 billion. Sun Life Financial had a return on equity of 13.68% and a net margin of 10.12%. On average, equities analysts predict that Sun Life Financial will post 6.3499079 earnings per share for the current year.

Insider Transactions at Sun Life Financial

In other news, Director Kevin Strain purchased 12,000 shares of the company’s stock in a transaction dated Tuesday, June 4th. The shares were acquired at an average price of C$67.48 per share, with a total value of C$809,760.00. In related news, Director Stephanie Coyles acquired 900 shares of the company’s stock in a transaction that occurred on Tuesday, May 14th. The shares were bought at an average price of C$69.15 per share, with a total value of C$62,235.00. Also, Director Kevin Strain acquired 12,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 4th. The shares were bought at an average cost of C$67.48 per share, for a total transaction of C$809,760.00. Corporate insiders own 0.03% of the company’s stock.

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.