Desjardins Increases Sun Life Financial (TSE:SLF) Price Target to C$77.00

Sun Life Financial (TSE:SLFGet Free Report) (NYSE:SLF) had its price target boosted by Desjardins from C$75.00 to C$77.00 in a report released on Friday, BayStreet.CA reports. The firm presently has a “buy” rating on the financial services provider’s stock. Desjardins’ price objective suggests a potential upside of 7.74% from the company’s current price. Desjardins also issued estimates for Sun Life Financial’s Q1 2024 earnings at $1.65 EPS, Q2 2024 earnings at $1.69 EPS, Q3 2024 earnings at $1.79 EPS, Q4 2024 earnings at $1.78 EPS, FY2024 earnings at $6.90 EPS and FY2025 earnings at $7.45 EPS.

Several other brokerages also recently weighed in on SLF. TD Securities lifted their price objective on shares of Sun Life Financial from C$62.00 to C$73.00 and gave the company a “hold” rating in a research report on Thursday. Evercore lifted 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 report on Tuesday, January 23rd. BMO Capital Markets raised their target price on shares of Sun Life Financial from C$70.00 to C$80.00 and gave the company an “outperform” rating in a research note on Thursday, January 25th. National Bankshares lifted their price objective on shares of Sun Life Financial from C$71.00 to C$72.00 and gave the stock a “sector perform” rating in a research note on Tuesday, January 23rd. Finally, CIBC lifted their price objective on shares of Sun Life Financial from C$75.00 to C$77.00 and gave the stock an “outperform” rating in a research note on Friday. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$75.91.

Read Our Latest Stock Report on SLF

Sun Life Financial Trading Up 0.6 %

TSE SLF opened at C$71.47 on Friday. The company’s fifty day moving average price is C$68.91 and its two-hundred day moving average price is C$67.40. The company has a debt-to-equity ratio of 26.83, a current ratio of 56.90 and a quick ratio of 84,866.00. Sun Life Financial has a 12 month low of C$60.01 and a 12 month high of C$71.64. The company has a market capitalization of C$41.78 billion, a price-to-earnings ratio of 11.36, a price-to-earnings-growth ratio of 1.13 and a beta of 0.95.

Sun Life Financial (TSE:SLFGet Free Report) (NYSE:SLF) last posted its quarterly earnings results on Monday, November 13th. The financial services provider reported C$1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$1.58 by C$0.01. The company had revenue of C$2.44 billion for the quarter. Sun Life Financial had a net margin of 14.28% and a return on equity of 14.76%. As a group, research analysts predict that Sun Life Financial will post 6.7398453 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Kevin Strain sold 15,986 shares of the firm’s stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of C$69.69, for a total transaction of C$1,114,000.40. In related news, Director Kevin Strain sold 15,986 shares of the firm’s stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of C$69.69, for a total transaction of C$1,114,000.40. Also, Senior Officer Jacques Jr. Goulet sold 124,639 shares of Sun Life Financial stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of C$70.07, for a total transaction of C$8,732,956.17. 0.02% of the stock is currently owned by corporate insiders.

About Sun Life Financial

(Get Free Report)

Sun Life Financial Inc, a financial services company, provides savings, retirement, and pension products worldwide. It offers term and permanent life, as well as personal health, dental, critical illness, long-term care, and disability insurance products. The company provides financial advice, asset management, and investments related products.

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Analyst Recommendations for Sun Life Financial (TSE:SLF)

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