Q3 2016 EPS Estimates for Sun Life Financial Inc. Lifted by Analyst (SLF)
Sun Life Financial Inc. (TSE:SLF) – Equities research analysts at Desjardins lifted their Q3 2016 earnings estimates for Sun Life Financial in a report issued on Monday. Desjardins analyst D. Young now anticipates that the brokerage will post earnings of $0.93 per share for the quarter, up from their previous estimate of $0.91. Desjardins also issued estimates for Sun Life Financial’s FY2016 earnings at $3.65 EPS, FY2018 earnings at $4.05 EPS and FY2019 earnings at $4.36 EPS.
Other equities analysts have also recently issued reports about the company. Barclays PLC cut their price target on Sun Life Financial from C$46.00 to C$44.00 in a report on Tuesday, July 12th. CIBC upped their target price on Sun Life Financial from C$46.00 to C$47.00 in a research note on Thursday, September 15th. BMO Capital Markets dropped their target price on Sun Life Financial from C$46.00 to C$45.00 in a research note on Friday, August 12th. Dundee Securities reiterated a “buy” rating and issued a C$48.00 target price on shares of Sun Life Financial in a research note on Wednesday, September 21st. Finally, Canaccord Genuity dropped their target price on Sun Life Financial from C$47.00 to C$46.00 and set a “buy” rating for the company in a research note on Thursday, August 11th. One analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of C$46.00.
Sun Life Financial (TSE:SLF) opened at 43.99 on Tuesday. The stock has a 50 day moving average price of $42.15 and a 200 day moving average price of $42.64. Sun Life Financial has a 52 week low of $36.64 and a 52 week high of $46.12. The stock has a market cap of $26.96 billion and a PE ratio of 13.29.
The company also recently declared a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Wednesday, August 31st were paid a dividend of $0.405 per share. This represents a $1.62 annualized dividend and a yield of 3.68%.
Sun Life Financial Company Profile
Sun Life Financial Inc is the holding company of Sun Life Assurance Company of Canada. The Company is a financial services organization providing a range of protection and wealth products and services. It operates in five segments: 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.
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