Sun Life Financial Inc. (TSE:SLF) Receives C$75.50 Average Target Price from Brokerages

Shares of Sun Life Financial Inc. (TSE:SLF) (NYSE:SLF) have been assigned an average rating of “Buy” from the fourteen brokerages that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is C$76.31.

Several equities research analysts recently commented on SLF shares. Royal Bank of Canada lifted their price objective on Sun Life Financial from C$71.00 to C$74.00 and gave the stock a “sector perform” rating in a report on Friday, November 5th. BMO Capital Markets lifted their price objective on Sun Life Financial from C$76.00 to C$79.00 in a report on Friday, November 5th. National Bankshares lifted their price objective on Sun Life Financial from C$78.00 to C$79.00 and gave the stock an “outperform” rating in a report on Thursday, November 4th. National Bank Financial lifted their price objective on Sun Life Financial to C$78.00 and gave the stock an “outperform” rating in a report on Friday, October 29th. Finally, Canaccord Genuity lifted their price objective on Sun Life Financial from C$74.00 to C$75.00 in a report on Monday, October 25th.

In other news, Senior Officer Colm Joseph Freyne sold 29,881 shares of Sun Life Financial stock in a transaction dated Wednesday, November 10th. The stock was sold at an average price of C$70.56, for a total transaction of C$2,108,322.68.

Shares of TSE:SLF traded up C$0.13 on Thursday, hitting C$69.77. 4,864,978 shares of the company traded hands, compared to its average volume of 2,075,776. Sun Life Financial has a 52 week low of C$54.71 and a 52 week high of C$71.73. The company has a quick ratio of 1,053.41, a current ratio of 1,108.38 and a debt-to-equity ratio of 20.01. The stock has a 50 day simple moving average of C$68.60 and a 200-day simple moving average of C$66.05. The company has a market cap of C$40.88 billion and a PE ratio of 11.40.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last released its quarterly earnings data on Wednesday, November 3rd. The financial services provider reported C$1.54 EPS for the quarter, topping the consensus estimate of C$1.49 by C$0.05. The business had revenue of C$8.51 billion during the quarter. As a group, sell-side analysts anticipate that Sun Life Financial will post 6.6500003 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 31st. Stockholders of record on Wednesday, November 24th will be given a dividend of $0.55 per share. The ex-dividend date of this dividend is Tuesday, November 23rd. This represents a $2.20 dividend on an annualized basis and a dividend yield of 3.15%. Sun Life Financial’s payout ratio is currently 35.94%.

Sun Life Financial Company Profile

Sun Life Financial Inc, a financial services company, provides insurance, wealth, and asset management solutions to individuals and corporate clients worldwide. It offers term and permanent life, as well as health, dental, critical illness, long-term care, and disability insurance products. The company also provides reinsurance products; investment counselling and portfolio management services; mutual funds and segregated funds; trust and banking services; real estate property brokerage and appraisal services; and merchant banking services.

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Analyst Recommendations for Sun Life Financial (TSE:SLF)

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