TD Securities analyst Mario Mendonca maintained a Hold rating on Sun Life Financial (SLF – Research Report) today and set a price target of C$71.00. The company’s shares closed today at $50.09.
According to TipRanks, Mendonca is a 5-star analyst with an average return of 16.2% and a 67.68% success rate. Mendonca covers the Financial sector, focusing on stocks such as Manulife Financial, Sun Life Financial, and Bank Of Montreal.
Currently, the analyst consensus on Sun Life Financial is a Moderate Buy with an average price target of $55.74, implying an 11.28% upside from current levels. In a report released today, National Bank also maintained a Hold rating on the stock with a C$72.00 price target.
Based on Sun Life Financial’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $14.61 billion and a net profit of $685 million. In comparison, last year the company earned a revenue of $4.44 billion and had a GAAP net loss of $20.23 billion
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Sun Life Financial (SLF) Company Description:
Sun Life Financial Inc. is a Canadian financial services company and is one of the world’s largest insurers. The company provides life and health insurance, as well as wealth and asset management solutions to individuals and corporate clients globally.
