Sun Life Financial (TSE:SLF) price target was cut to CAD$65.00 on Credit Suisse Group

Sun Life Financial (TSE:SLFreceived rating) (NYSE:SLF) Credit Suisse Group equity analysts lowered its target price to CAD$65.00 in a report published on Friday, Stock Target Advisor reports. The company currently has an Outperform rating on the financial services provider’s stock. Credit Suisse Group’s price target suggests potential upside of 13.54% from the stock’s previous close.

SLF has been the subject of a number of other reports. TD Securities lowered its target price on Sun Life Financial to $68.00 from $72.00 and gave the company a hold rating in a report on Wednesday, June 1st. Veritas Investment Research announced Wednesday, June 20. BMO Capital Markets lowered its price target on Sun Life Financial from C$75.00 to C$72.00 in a research report on Wednesday, June 1st. Barclays began reporting on Sun Life Financial in a research report on Thursday, June 9th. They gave the company an Outperform rating and a price target of $71.00. Finally, Canaccord Genuity Group lowered its target price on Sun Life Financial to $67.00 from $75.50 in a research report on Friday, May 13. One investment analyst has assigned a sell rating to the stock, five have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, Sun Life Financial has a consensus rating of Hold and a consensus price target of CAD$67.86.

Sun Life Financial Trading down 0.1%

shares of SLF bearing opened on Friday for C$57.25. The company’s 50-day moving average price is $60.00 and its 200-day moving average price is $65.61. The company has a current ratio of 15,951.83, a quick ratio of 15,084.33 and a debt to equity ratio of 23.97. The stock has a market cap of CA$33.55 billion and a price-to-earnings ratio of 8.73. Sun Life Financial has a 12-month low of $56.14 and a 12-month high of $74.22.

Sun Life Financial (TSE:SLFreceived rating) (NYSE:SLF) last issued its quarterly earnings data on Wednesday, May 11th. The financial services firm reported earnings per share (EPS) of $1.44 for the quarter, beating the consensus estimate of $1.40 by $0.04. The Company had revenue of $380.00 million for the quarter. As a group, equity analysts are forecasting that Sun Life Financial will report earnings per share of 6.6899994 for the current year.

Company profile of Sun Life Financial

(received rating)

Sun Life Financial Inc, a financial services company, provides insurance, wealth and wealth management solutions to individual and corporate clients worldwide. It offers term and permanent life insurance, as well as personal health, dental, critical illness, long-term care and disability insurance products. The company also offers reinsurance products; investment advice and portfolio management; mutual funds and segregated funds; trust and banking services; Real estate brokerage and appraisal; and commercial banking services.

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