Evercore ISI Lowers Sun Life Financial (SLF) Price Target to C$59.00

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its target price dropped by equities researchers at Evercore ISI from C$60.00 to C$59.00 in a report issued on Thursday, Stock Target Advisor reports. Evercore ISI’s target price would suggest a potential upside of 21.78% from the stock’s previous close.

SLF has been the topic of a number of other research reports. Desjardins dropped their price target on Sun Life Financial from C$60.00 to C$58.00 in a research report on Tuesday, October 16th. CIBC dropped their price target on Sun Life Financial from C$59.00 to C$57.00 in a research report on Monday, October 29th. Evercore dropped their price target on Sun Life Financial from C$60.50 to C$60.00 in a research report on Monday, October 15th. Canaccord Genuity set a C$58.00 price target on Sun Life Financial and gave the stock a “hold” rating in a research report on Tuesday, July 24th. Finally, BMO Capital Markets dropped their price target on Sun Life Financial from C$62.00 to C$60.00 in a research report on Friday, August 10th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of C$57.71.

TSE SLF opened at C$48.45 on Thursday. The company has a quick ratio of 448.92, a current ratio of 481.58 and a debt-to-equity ratio of 18.98. Sun Life Financial has a one year low of C$46.96 and a one year high of C$56.09.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last released its quarterly earnings results on Wednesday, August 8th. The financial services provider reported C$1.20 EPS for the quarter, topping the Zacks’ consensus estimate of C$1.15 by C$0.05. The business had revenue of C$6.83 billion for the quarter. As a group, equities research analysts expect that Sun Life Financial will post 5.01311658165698 earnings per share for the current fiscal year.

In related news, insider Stephen Peacher sold 89,485 shares of Sun Life Financial stock in a transaction that occurred on Thursday, September 6th. The stock was sold at an average price of C$51.39, for a total value of C$4,598,634.15.

Sun Life Financial Company Profile

Sun Life Financial Inc, a financial services company, provides insurance, wealth, and asset management solutions to individuals and corporate clients, high-net-worth individuals, and families. It operates through Sun Life Financial Canada, Sun Life Financial United States, Sun Life Financial Asset Management, Sun Life Financial Asia, and Corporate segments.

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