Sun Life Financial (TSE:SLF) Given New C$108.00 Price Target at National Bank Financial

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its price target reduced by National Bank Financial from C$109.00 to C$108.00 in a report issued on Thursday morning,BayStreet.CA reports. They currently have an outperform rating on the financial services provider’s stock.

Other research analysts have also issued research reports about the stock. TD Securities decreased their price target on shares of Sun Life Financial from C$104.00 to C$102.00 and set a “buy” rating on the stock in a research report on Thursday, February 12th. Scotiabank lifted 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 research report on Friday, February 13th. TD lifted their price target on shares of Sun Life Financial from C$102.00 to C$107.00 and gave the stock a “buy” rating in a research report on Thursday. Jefferies Financial Group lifted their price target on shares of Sun Life Financial from C$103.00 to C$115.00 in a research report on Friday, May 1st. Finally, Desjardins set a C$101.00 price target on shares of Sun Life Financial and gave the stock a “buy” rating in a research report on Friday, April 17th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$100.40.

Sun Life Financial Price Performance

Shares of TSE:SLF opened at C$94.79 on Thursday. Sun Life Financial has a 12 month low of C$77.38 and a 12 month high of C$101.15. The stock has a market cap of C$52.51 billion, a price-to-earnings ratio of 15.41, a PEG ratio of 1.33 and a beta of 0.73. The stock’s 50 day moving average price is C$90.61 and its 200 day moving average price is C$87.40. The company has a debt-to-equity ratio of 74.49, a current ratio of 2.78 and a quick ratio of 84,866.00.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last announced its earnings results on Wednesday, May 6th. The financial services provider reported C$1.89 EPS for the quarter. Sun Life Financial had a return on equity of 14.68% and a net margin of 9.74%.The firm had revenue of C$8.73 billion for the quarter. Equities research analysts anticipate that Sun Life Financial will post 6.9230769 earnings per share for the current fiscal year.

Sun Life Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 31st were paid a dividend of $0.92 per share. The ex-dividend date of this dividend was Wednesday, February 25th. This represents a $3.68 dividend on an annualized basis and a dividend yield of 3.9%. Sun Life Financial’s dividend payout ratio (DPR) is 57.24%.

Sun Life Financial Company Profile

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.