Sun Life Financial Inc. (TSE:SLF) – Investment analysts at Desjardins reduced their FY2017 earnings estimates for shares of Sun Life Financial in a note issued to investors on Monday. Desjardins analyst D. Young now expects that the firm will post earnings per share of $3.65 for the year, down from their previous forecast of $4.05.

Earnings History and Estimates for Sun Life Financial (TSE:SLF)

Other research analysts have also issued reports about the stock. Barclays PLC lifted their price objective on shares of Sun Life Financial from C$44.00 to C$45.00 in a research note on Thursday, October 13th. Dundee Securities reiterated a “buy” rating and issued a C$48.00 price objective on shares of Sun Life Financial in a research note on Wednesday, September 21st. Scotiabank reduced their price objective on shares of Sun Life Financial from C$48.00 to C$46.00 and set an “outperform” rating for the company in a research note on Thursday, August 11th. CIBC reduced their price objective on shares of Sun Life Financial from C$47.00 to C$46.00 in a research note on Thursday, August 11th. Finally, TD Securities reiterated a “buy” rating and issued a C$47.00 price objective on shares of Sun Life Financial in a research note on Thursday, August 11th. One analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. Sun Life Financial presently has a consensus rating of “Buy” and an average price target of C$46.00.

Shares of Sun Life Financial (TSE:SLF) remained flat at $43.99 on Wednesday. 410,973 shares of the company’s stock traded hands. The company has a market capitalization of $26.96 billion and a P/E ratio of 13.29. The stock’s 50-day moving average price is $42.15 and its 200-day moving average price is $42.64. Sun Life Financial has a 52-week low of $36.64 and a 52-week high of $46.12.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Wednesday, August 31st were paid a dividend of $0.405 per share. This represents a $1.62 annualized dividend and a dividend yield of 3.68%.

About Sun Life Financial

Sun Life Financial Inc is the holding company of Sun Life Assurance Company of Canada. The Company is a financial services organization providing a range of protection and wealth products and services. It operates in five segments: Sun Life Financial Canada (SLF Canada), Sun Life Financial United States (SLF U.S.), Sun Life Financial Asset Management (SLF Asset Management), Sun Life Financial Asia (SLF Asia) and Corporate.

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