Sun Life Financial Inc. (TSE:SLF) Receives C$96.44 Average Target Price from Brokerages

Shares of Sun Life Financial Inc. (TSE:SLF) (NYSE:SLF) have been assigned a consensus recommendation of “Hold” from the ten brokerages that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is C$96.44.

Several research firms have commented on SLF. BMO Capital Markets lifted their price objective on shares of Sun Life Financial from C$95.00 to C$100.00 and gave the stock an “outperform” rating in a research note on Friday, February 13th. Royal Bank Of Canada increased their target price on Sun Life Financial from C$83.00 to C$95.00 and gave the stock a “sector perform” rating in a research note on Friday, February 13th. Desjardins lifted their price objective on shares of Sun Life Financial from C$96.00 to C$101.00 and gave the company a “buy” rating in a report on Friday, February 13th. Jefferies Financial Group boosted their price objective on shares of Sun Life Financial from C$97.00 to C$103.00 in a research report on Friday, February 13th. Finally, Scotiabank upped their target price on shares of Sun Life Financial from C$93.00 to C$96.00 and gave the stock a “sector perform” rating in a research note on Friday, February 13th.

Sun Life Financial Trading Up 0.5%

Sun Life Financial stock opened at C$86.15 on Friday. Sun Life Financial has a 52-week low of C$74.56 and a 52-week high of C$94.76. The company has a market cap of C$47.72 billion, a P/E ratio of 14.01, a P/E/G ratio of 1.33 and a beta of 0.76. The company has a quick ratio of 84,866.00, a current ratio of 2.78 and a debt-to-equity ratio of 74.49. The business has a 50-day simple moving average of C$88.10 and a two-hundred day simple moving average of C$85.11.

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

Sun Life Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 31st will be issued a $0.92 dividend. The ex-dividend date is Wednesday, February 25th. This represents a $3.68 dividend on an annualized basis and a dividend yield of 4.3%. Sun Life Financial’s payout ratio is presently 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.