Sun Life Financial Inc. (TSE:SLF) Receives Consensus Rating of “Hold” by Brokerages
Sun Life Financial Inc. (TSE:SLF – Get Rating) (NYSE:SLF) has been assigned an average recommendation of “Hold” by the fourteen analysts who cover the company, reports Marketbeat Ratings. One research analyst rated the stock with a sell recommendation, five gave the company a hold recommendation and one gave the company a buy recommendation. The 12-month average price target among brokers who have reported on the stock in the past year is C$71.27.
A number of stock analysts have recently released reports on the company. CIBC lowered its price target on Sun Life Financial from C$81.00 to C$78.00 in a Friday, April 22 research note. Zacks Investment Research reaffirmed a “hold” rating on Sun Life Financial shares in a Thursday, March 17 research note. Scotiabank lowered its price target on Sun Life Financial from C$76.00 to C$71.00 in a Monday, May 2 research note. Evercore ISI reiterated a “holding” rating and set a target price of C$27.00 on Sun Life Financial shares in a Wednesday, January 12 research report. Finally, National Bankshares lowered its price target on Sun Life Financial from CA$77.00 to CA$76.00 in a research report on Wednesday, April 20.
SLF stock opened at C$62.72 on Thursday. The company has a market capitalization of C$36.76 billion and a P/E ratio of 9.38. Sun Life Financial has a 1 year minimum of CA$62.00 and a 1 year maximum of CA$74.22. The company has a debt ratio of 53.27, a current ratio of 11.91 and a quick ratio of 11.27. The stock’s 50-day moving average price is C$67.67 and its 200-day moving average price is C$69.23.
Sun Life Financial (TSE:SLF – Get Rating) (NYSE:SLF) last released its quarterly results on Wednesday, February 9. The financial services provider reported earnings per share (EPS) of C$1.53 for the quarter, meeting analyst consensus estimates of C$1.53. The company had revenue of C$13 billion in the quarter. As a group, analysts expect Sun Life Financial to post earnings per share of 6.9899995 for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 30. Shareholders of record on Wednesday, June 1 will receive a dividend of $0.69 per share. This is a boost from Sun Life Financial’s previous quarterly dividend of $0.66. This represents a dividend of $2.76 on an annualized basis and a yield of 4.40%. Sun Life Financial’s dividend payout ratio (DPR) is currently 34.55%.
About Sun Life Financial (Get an assessment)
Sun Life Financial Inc, a financial services company, provides insurance, wealth and asset management solutions to individuals and businesses worldwide. It offers term and permanent life insurance products, as well as personal health, dental, critical illness, long-term care and disability insurance products. The company also offers reinsurance products; investment advisory and portfolio management services; mutual funds and segregated funds; trust and banking services; real estate brokerage and appraisal services; and merchant banking.
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