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

Sun Life Financial (TSE:SLF) (NYSE:SLF) was upgraded by equities research 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.

SLF has been the subject of several other research reports. CIBC boosted their price objective on shares of Sun Life Financial from C$90.00 to C$96.00 in a research note on Wednesday, November 13th. Barclays increased their price objective on Sun Life Financial from C$82.00 to C$87.00 in a research report on Monday, January 6th. Cormark boosted their target price on Sun Life Financial from C$82.00 to C$85.00 in a research report on Tuesday, November 5th. Jefferies Financial Group lifted their price target on Sun Life Financial from C$90.00 to C$94.00 in a research report on Thursday, November 14th. Finally, Scotiabank upped their price objective on shares of Sun Life Financial from C$85.00 to C$96.00 in a research report on Thursday, November 14th. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus 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 52-week low of C$64.38 and a 52-week high of C$88.54. The stock’s 50-day simple moving average is C$84.96 and its 200 day simple moving average is C$77.03. The company has a debt-to-equity ratio of 53.77, a quick ratio of 84,866.00 and a current ratio of 65.29. The stock has a market capitalization of C$48.66 billion, a price-to-earnings ratio of 15.99, a price-to-earnings-growth ratio of 1.33 and a beta of 0.94.

Insider Buying and Selling

In other news, Senior Officer Linda Dougherty bought 5,800 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were purchased at an average price of C$84.83 per share, for a total transaction of C$492,014.00. Also, Director Kevin Strain sold 85,943 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of C$84.71, for a total transaction of C$7,280,231.53. 0.03% of the stock is owned by corporate insiders.

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.