Sun Life Financial (TSE:SLF) Raised to “Strong-Buy” at National Bank Financial

Sun Life Financial (TSE:SLF) (NYSE:SLF) was upgraded by investment analysts at National Bank Financial from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Tuesday,Zacks.com reports. National Bank Financial also issued estimates for Sun Life Financial’s Q4 2024 earnings at $1.82 EPS, FY2024 earnings at $6.77 EPS, FY2025 earnings at $7.58 EPS and FY2026 earnings at $8.36 EPS.

A number of other equities research analysts have also recently commented on the company. Barclays raised their price objective on Sun Life Financial from C$82.00 to C$87.00 in a research note on Monday, January 6th. Jefferies Financial Group boosted their price target on shares of Sun Life Financial from C$90.00 to C$94.00 in a research note on Thursday, November 14th. Royal Bank of Canada raised their price objective on shares of Sun Life Financial from C$78.00 to C$82.00 in a research note on Wednesday, November 6th. TD Securities lifted their price objective on shares of Sun Life Financial from C$81.00 to C$87.00 and gave the company a “hold” rating in a report on Thursday, November 14th. Finally, CIBC raised their price target on shares of Sun Life Financial from C$90.00 to C$96.00 in a research report on Wednesday, November 13th. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$86.64.

Sun Life Financial Stock Performance

Shares of SLF opened at C$84.41 on Tuesday. Sun Life Financial has a one year low of C$64.38 and a one year high of C$88.54. The company has a market cap of C$48.66 billion, a PE ratio of 15.99, a P/E/G ratio of 1.33 and a beta of 0.94. The stock has a 50-day moving average of C$84.96 and a 200-day moving average of C$77.03. The company has a debt-to-equity ratio of 53.77, a current ratio of 65.29 and a quick ratio of 84,866.00.

Insider Activity

In other news, Director Kevin Strain sold 85,943 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of C$84.71, for a total transaction of C$7,280,231.53. Also, Senior Officer Linda Dougherty acquired 5,800 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The stock was purchased at an average cost of C$84.83 per share, with a total value of C$492,014.00. Insiders own 0.03% of the company’s stock.

Sun Life Financial Company Profile

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.