Is Sun Life Financial Inc a Sell? The Stock Declines Again

 Is Sun Life Financial Inc a Sell? The Stock Declines Again

The stock of Sun Life Financial Inc (TSE:SLF) is a huge mover today! About 415,443 shares traded hands. Sun Life Financial Inc (TSE:SLF) has risen 26.13% since April 11, 2016 and is uptrending. It has outperformed by 22.20% the S&P500.
The move comes after 9 months negative chart setup for the $32.49B company. It was reported on Nov, 15 by Barchart.com. We have $49.11 PT which if reached, will make TSE:SLF worth $1.62 billion less.

Sun Life Financial Inc (TSE:SLF) Ratings Coverage

Out of 12 analysts covering Sun Life Financial Inc. (TSE:SLF), 10 rate it a “Buy”, 1 “Sell”, while 1 “Hold”. This means 83% are positive. $55 is the highest target while $37.0 is the lowest. The $47.55 average target is -8.01% below today’s ($51.69) stock price. Sun Life Financial Inc. has been the topic of 40 analyst reports since July 24, 2015 according to StockzIntelligence Inc. Credit Suisse upgraded Sun Life Financial Inc (TSE:SLF) on Thursday, August 6 to “Outperform” rating. The stock of Sun Life Financial Inc (TSE:SLF) earned “Underperform” rating by Bank of America on Wednesday, August 24. Scotia Capital maintained the stock with “Outperform” rating in Friday, August 7 report. The firm has “Buy” rating given on Thursday, August 6 by TD Securities. The rating was maintained by Barclays Capital with “Overweight” on Friday, August 7. Canaccord Genuity maintained Sun Life Financial Inc (TSE:SLF) on Thursday, August 6 with “Buy” rating. The rating was upgraded by Bank of America to “Buy” on Monday, September 21. The rating was upgraded by IBC to “Sector Outperformer” on Thursday, February 11. The firm has “Outperform” rating given on Friday, November 6 by RBC Capital Markets. The stock of Sun Life Financial Inc (TSE:SLF) has “Neutral” rating given on Thursday, November 5 by Macquarie Research.

More important recent Sun Life Financial Inc (TSE:SLF) news were published by: Nasdaq.com which released: “Sun Life Financial Reaches Analyst Target Price” on November 11, 2016, also Theglobeandmail.com published article titled: “Sun Life posts 21% jump in profit”, Forbes.com published: “Sun Life Financial’s Preferred Shares Series 3 Yield Pushes Past 5%” on November 04, 2016. More interesting news about Sun Life Financial Inc (TSE:SLF) was released by: Finance.Yahoo.com and their article: “Sun Life Financial hosts third quarter 2016 earnings conference call” with publication date: October 27, 2016.

Sun Life Financial Inc. is the holding firm of Sun Life Assurance Company of Canada. The company has a market cap of $32.49 billion. The Firm is a financial services organization providing a range of protection and wealth services and products. It has a 13.88 P/E ratio. It operates in five divisions: Sun Life Financial Canada , Sun Life Financial United States (SLF U.S.), Sun Life Financial Asset Management (SLF Asset Management), Sun Life Financial Asia (SLF Asia) and Corporate.

SLF.TO Company Profile

Sun Life Financial Inc. (Sun Life Financial), incorporated on August 5, 1999, is the holding firm of Sun Life Assurance Company of Canada. The Firm is a financial services organization providing a range of protection and wealth services and products to individuals and corporate customers. The Firm operates in five divisions: Sun Life Financial Canada (SLF Canada), Sun Life Financial United States (SLF U.S.), Sun Life Financial Asset Management (SLF Asset Management), Sun Life Financial Asia (SLF Asia) and Corporate. The Firm operates in Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia and Bermuda.

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