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

Sun Life Financial Inc. (TSE:SLF) (NYSE:SLF) has earned a consensus rating of “Hold” from the ten analysts that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is C$96.44.

A number of analysts recently commented on SLF shares. Desjardins lifted their price target on Sun Life Financial from C$96.00 to C$101.00 and gave the stock a “buy” rating in a report on Friday, February 13th. Barclays decreased their target price on Sun Life Financial from C$84.00 to C$83.00 in a research report on Friday, January 9th. Jefferies Financial Group lifted their target price on Sun Life Financial from C$97.00 to C$103.00 in a research note on Friday, February 13th. Scotiabank boosted their price target on shares of Sun Life Financial from C$93.00 to C$96.00 and gave the stock a “sector perform” rating in a report on Friday, February 13th. Finally, Royal Bank Of Canada increased their price target on shares of Sun Life Financial from C$83.00 to C$95.00 and gave the company a “sector perform” rating in a research report on Friday, February 13th.

Sun Life Financial Price Performance

Shares of TSE SLF opened at C$88.50 on Thursday. Sun Life Financial has a 12 month low of C$74.56 and a 12 month high of C$94.76. The company has a market cap of C$49.02 billion, a price-to-earnings ratio of 14.39, a PEG ratio of 1.33 and a beta of 0.76. The stock has a 50-day moving average price of C$88.11 and a two-hundred day moving average price of C$85.76. 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.

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

Sun Life Financial Dividend Announcement

The business 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. This represents a $3.68 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend was Wednesday, February 25th. Sun Life Financial’s dividend payout ratio 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.