Sun Life Financial (TSE:SLF) Given a C$101.00 Price Target at Desjardins

Desjardins set a C$101.00 price objective on Sun Life Financial (TSE:SLF) (NYSE:SLF) in a research note published on Friday morning,BayStreet.CA reports. The firm currently has a buy rating on the financial services provider’s stock.

Several other equities analysts have also recently weighed in on the company. Scotiabank raised their price objective on Sun Life Financial from C$93.00 to C$96.00 and gave the company a “sector perform” rating in a research note on Friday, February 13th. BMO Capital Markets raised their price objective on Sun Life Financial from C$95.00 to C$100.00 and gave the company an “outperform” rating in a research note on Friday, February 13th. TD Securities dropped their price objective on Sun Life Financial from C$104.00 to C$102.00 and set a “buy” rating on the stock in a research note on Thursday, February 12th. Jefferies Financial Group raised their price objective on Sun Life Financial from C$97.00 to C$103.00 in a research note on Friday, February 13th. Finally, Royal Bank Of Canada raised their price objective on Sun Life Financial from C$83.00 to C$95.00 and gave the company a “sector perform” rating in a research note on Friday, February 13th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of C$96.67.

Sun Life Financial Price Performance

Shares of TSE:SLF opened at C$96.31 on Friday. The company has a current ratio of 2.78, a quick ratio of 84,866.00 and a debt-to-equity ratio of 74.49. The stock’s fifty day simple moving average is C$89.04 and its two-hundred day simple moving average is C$86.39. Sun Life Financial has a 1-year low of C$77.38 and a 1-year high of C$96.42. The stock has a market cap of C$53.36 billion, a PE ratio of 15.66, a price-to-earnings-growth ratio of 1.33 and a beta of 0.69.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last issued its quarterly earnings data on Wednesday, February 11th. The financial services provider reported C$1.96 earnings per share for the quarter. Sun Life Financial had a return on equity of 14.68% and a net margin of 9.74%.The business had revenue of C$8.67 billion for the quarter. As a group, analysts forecast that Sun Life Financial will post 6.9230769 EPS for the current fiscal year.

Sun Life Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 31st were given a dividend of $0.92 per share. The ex-dividend date of this dividend was Wednesday, February 25th. This represents a $3.68 annualized dividend and a dividend yield of 3.8%. Sun Life Financial’s dividend payout ratio (DPR) is currently 57.24%.

About Sun Life Financial

Sun Life Financial is one of Canada’s Big Three life insurance companies along with Great-West Lifeco and Manulife. Sun Life provides insurance, retirement, and wealth-management services to individual and corporate customers in Canada, the United States, and Asia. It also owns MFS Investment Management, a Boston-based asset-management firm. Sun Life generates about a third of its profit from asset-management operations.