Barclays has revised its price target for Sun Life Financial (SLF, Financial), increasing it from C$85 to C$87, while maintaining an Equal Weight rating on the stock. This adjustment comes as part of a first-quarter earnings preview for the insurance sector.
The financial institution highlights the challenges in the life earnings segment but points to the favorable aspects of Sun Life's group benefits, surplus capital, and efficient cash flow management. Despite the current economic uncertainties, Barclays sees these elements as indicative of a resilient position for the company within the broader insurance landscape.
The analysis underscores the firm's strategy as the sector continues to navigate through uncertain conditions. Barclays believes that Sun Life's balanced approach could help it effectively manage the potential challenges ahead.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 2 analysts, the average target price for Sun Life Financial Inc (SLF, Financial) is $60.20 with a high estimate of $64.26 and a low estimate of $56.14. The average target implies an upside of 10.95% from the current price of $54.26. More detailed estimate data can be found on the Sun Life Financial Inc (SLF) Forecast page.
Based on the consensus recommendation from 1 brokerage firms, Sun Life Financial Inc's (SLF, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Sun Life Financial Inc (SLF, Financial) in one year is $87.07, suggesting a upside of 60.47% from the current price of $54.26. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Sun Life Financial Inc (SLF) Summary page.
