Sun Life Financial (NYSE:SLF) (TSE:SLF)‘s stock had its “buy” rating reaffirmed by equities researchers at Barclays in a note issued to investors on Friday.

Several other research analysts have also recently weighed in on the stock. Canaccord Genuity restated an “average” rating and set a $53.00 price target on shares of Sun Life Financial in a report on Friday. Desjardins restated a “buy” rating on shares of Sun Life Financial in a report on Tuesday, October 16th. Zacks Investment Research upgraded shares of Sun Life Financial from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a report on Wednesday, October 10th. Finally, ValuEngine cut shares of Sun Life Financial from a “hold” rating to a “sell” rating in a report on Tuesday, August 7th. One analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $53.60.

Sun Life Financial stock opened at $36.68 on Friday. Sun Life Financial has a fifty-two week low of $35.78 and a fifty-two week high of $44.50. The stock has a market cap of $22.32 billion, a P/E ratio of 10.05 and a beta of 0.83. The company has a debt-to-equity ratio of 0.20, a quick ratio of 4.06 and a current ratio of 4.06.

Sun Life Financial (NYSE:SLF) (TSE:SLF) last released its quarterly earnings results on Wednesday, August 8th. The financial services provider reported $1.20 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.32. Sun Life Financial had a net margin of 8.15% and a return on equity of 13.73%. The business had revenue of $5.29 billion for the quarter. During the same quarter last year, the firm posted $1.12 earnings per share. As a group, research analysts anticipate that Sun Life Financial will post 3.65 earnings per share for the current year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of Montreal Can boosted its stake in Sun Life Financial by 19.0% in the third quarter. Bank of Montreal Can now owns 12,771,456 shares of the financial services provider’s stock valued at $507,793,000 after acquiring an additional 2,039,994 shares during the last quarter. Beutel Goodman & Co Ltd. boosted its stake in Sun Life Financial by 13.9% in the third quarter. Beutel Goodman & Co Ltd. now owns 11,596,276 shares of the financial services provider’s stock valued at $460,654,000 after acquiring an additional 1,419,001 shares during the last quarter. Toronto Dominion Bank boosted its stake in Sun Life Financial by 36.9% in the second quarter. Toronto Dominion Bank now owns 9,075,777 shares of the financial services provider’s stock valued at $367,220,000 after acquiring an additional 2,447,503 shares during the last quarter. FMR LLC boosted its stake in Sun Life Financial by 3.4% in the third quarter. FMR LLC now owns 3,511,095 shares of the financial services provider’s stock valued at $139,585,000 after acquiring an additional 115,519 shares during the last quarter. Finally, Bank of Nova Scotia boosted its stake in Sun Life Financial by 6.4% in the second quarter. Bank of Nova Scotia now owns 3,148,394 shares of the financial services provider’s stock valued at $126,759,000 after acquiring an additional 189,407 shares during the last quarter. Hedge funds and other institutional investors own 41.53% of the company’s stock.

About Sun Life Financial

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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Analyst Recommendations for Sun Life Financial (NYSE:SLF)

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