Sun Life Financial Inc. (TSE:SLF) Given Average Recommendation of “Hold” by Brokerages

Sun Life Financial Inc. (TSE:SLFGet Rating) (NYSE:SLF) has earned a consensus rating of “Hold” from the fourteen ratings firms that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is C$72.09.

Several equities analysts recently issued reports on SLF shares. BMO Capital Markets decreased their price target on Sun Life Financial from C$81.00 to C$80.00 in a report on Friday, February 11th. Evercore ISI restated a “hold” rating and set a C$27.00 target price on shares of Sun Life Financial in a report on Wednesday, January 12th. National Bankshares cut Sun Life Financial from an “outperform” rating to a “hold” rating and reduced their target price for the stock from C$79.00 to C$77.00 in a report on Thursday, February 10th. National Bank Financial reduced their target price on Sun Life Financial to C$77.00 and set a “sector perform” rating on the stock in a report on Thursday, February 10th. Finally, Scotiabank reduced their target price on Sun Life Financial from C$78.00 to C$76.00 in a report on Friday, February 11th.

Sun Life Financial stock opened at C$68.88 on Friday. The business’s 50-day simple moving average is C$68.78 and its 200 day simple moving average is C$69.55. The stock has a market cap of C$40.37 billion and a price-to-earnings ratio of 10.30. Sun Life Financial has a 12-month low of C$62.00 and a 12-month high of C$74.22. The company has a quick ratio of 11.27, a current ratio of 11.91 and a debt-to-equity ratio of 53.27.

Sun Life Financial (TSE:SLFGet Rating) (NYSE:SLF) last posted its quarterly earnings results on Wednesday, February 9th. The financial services provider reported C$1.53 earnings per share (EPS) for the quarter, meeting the consensus estimate of C$1.53. The firm had revenue of C$13 billion during the quarter. As a group, sell-side analysts expect that Sun Life Financial will post 7.2865276 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 31st. Stockholders of record on Wednesday, March 2nd were given a dividend of $0.66 per share. The ex-dividend date of this dividend was Tuesday, March 1st. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.83%. This is a positive change from Sun Life Financial’s previous quarterly dividend of $0.55. Sun Life Financial’s dividend payout ratio (DPR) is currently 34.55%.

Sun Life Financial Company Profile (Get Rating)

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 personal 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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