Royal Bank Of Canada Analysts Give Sun Life Financial (TSE:SLF) a C$84.00 Price Target

Royal Bank Of Canada set a C$84.00 target price on Sun Life Financial (TSE:SLF) (NYSE:SLF) in a report issued on Monday morning,BayStreet.CA reports. The brokerage currently has a sector perform rating on the financial services provider’s stock.

Several other research analysts have also weighed in on the stock. CIBC increased their target price on shares of Sun Life Financial from C$93.00 to C$95.00 and gave the stock a “neutral” rating in a research note on Thursday, January 8th. TD Securities increased their price objective on shares of Sun Life Financial from C$99.00 to C$104.00 in a research report on Wednesday, January 14th. Desjardins set a C$94.00 target price on shares of Sun Life Financial and gave the company a “buy” rating in a report on Thursday, December 18th. Barclays decreased their price target on Sun Life Financial from C$84.00 to C$83.00 in a research note on Friday, January 9th. Finally, UBS Group raised Sun Life Financial to a “hold” rating in a research note on Thursday, October 16th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Sun Life Financial currently has a consensus rating of “Hold” and a consensus target price of C$92.11.

Sun Life Financial Price Performance

SLF stock opened at C$86.37 on Monday. Sun Life Financial has a 52-week low of C$74.56 and a 52-week high of C$91.11. The company has a quick ratio of 84,866.00, a current ratio of 92.19 and a debt-to-equity ratio of 26.00. The stock has a market cap of C$47.83 billion, a price-to-earnings ratio of 16.36, a price-to-earnings-growth ratio of 1.33 and a beta of 0.77. The business has a fifty day moving average of C$84.35 and a two-hundred day moving average of C$83.74.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last announced its quarterly earnings results on Wednesday, November 5th. The financial services provider reported C$1.86 EPS for the quarter. The business had revenue of C$9.07 billion for the quarter. Sun Life Financial had a return on equity of 15.69% and a net margin of 7.58%. As a group, research analysts anticipate that Sun Life Financial will post 6.9230769 earnings per share for the current year.

Sun Life Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 31st were paid a $0.92 dividend. This represents a $3.68 annualized dividend and a dividend yield of 4.3%. This is a positive change from Sun Life Financial’s previous quarterly dividend of $0.88. The ex-dividend date was Wednesday, November 26th. Sun Life Financial’s payout ratio is presently 65.15%.

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.