Sun Life Financial Inc. (TSE:SLF – Get Rating) (NYSE:SLF) has been assigned a consensus rating of “Hold” from the fifteen brokerages that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is C$67.92.
SLF has been the subject of several research analyst reports. TD Securities dropped their target price on shares of Sun Life Financial from C$72.00 to C$68.00 and set a “hold” rating for the company in a research report on Wednesday, June 1st. National Bank Financial lowered their price target on shares of Sun Life Financial to C$77.00 and set a “sector perform” rating for the company in a research report on Thursday, February 10th. Scotiabank lowered their price target on shares of Sun Life Financial from C$76.00 to C$71.00 in a research report on Monday, May 2nd. BMO Capital Markets lowered their price target on shares of Sun Life Financial from C$75.00 to C$72.00 in a research report on Wednesday, June 1st. Finally, Canaccord Genuity Group lowered their price target on shares of Sun Life Financial from C$75.50 to C$67.00 in a research report on Friday, May 13th.
TSE:SLF opened at C$62.42 on Monday. The company has a 50-day moving average price of C$65.50 and a 200-day moving average price of C$68.19. Sun Life Financial has a 12 month low of C$60.19 and a 12 month high of C$74.22. The company has a current ratio of 15,951.83, a quick ratio of 15,084.33 and a debt-to-equity ratio of 23.97. The stock has a market cap of C$36.58 billion and a price-to-earnings ratio of 9.53.
Sun Life Financial (TSE:SLF – Get Rating) (NYSE:SLF) last posted its earnings results on Wednesday, May 11th. The financial services provider reported C$1.44 EPS for the quarter, topping the consensus estimate of C$1.40 by C$0.04. The company had revenue of C$380.00 million during the quarter. Equities analysts forecast that Sun Life Financial will post 6.7900001 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Wednesday, June 1st will be issued a $0.69 dividend. The ex-dividend date is Tuesday, May 31st. This is a boost from Sun Life Financial’s previous quarterly dividend of $0.66. This represents a $2.76 annualized dividend and a yield of 4.42%. Sun Life Financial’s payout ratio is 36.94%.
Sun Life Financial Company Profile (Get Rating)
Sun Life Financial Inc, a financial services company, provides insurance, wealth, and asset management solutions to individuals and corporate clients worldwide. It offers term and permanent life, as well as personal health, dental, critical illness, long-term care, and disability insurance products. The company also provides reinsurance products; investment counselling and portfolio management services; mutual funds and segregated funds; trust and banking services; real estate property brokerage and appraisal services; and merchant banking services.
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