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

Sun Life Financial Inc. (TSE:SLF – Get Rating) (NYSE:SLF) has been assigned an average recommendation of “Hold” from the fourteen analysts that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is C$71.27.

A number of equities analysts have recently issued reports on the company. CIBC dropped their price target on Sun Life Financial from C$81.00 to C$78.00 in a research note on Friday, April 22nd. Zacks Investment Research restated a “hold” rating on shares of Sun Life Financial in a research note on Thursday, March 17th. Scotiabank dropped their price target on Sun Life Financial from C$76.00 to C$71.00 in a research note on Monday, May 2nd. Evercore ISI reiterated a “hold” rating and set a C$27.00 target price on shares of Sun Life Financial in a research report on Wednesday, January 12th. Finally, National Bankshares lowered their target price on Sun Life Financial from C$77.00 to C$76.00 in a research report on Wednesday, April 20th.

SLF stock opened at C$62.72 on Thursday. The company has a market cap of C$36.76 billion and a P/E ratio of 9.38. Sun Life Financial has a 1 year low of C$62.00 and a 1 year high of C$74.22. The company has a debt-to-equity ratio of 53.27, a current ratio of 11.91 and a quick ratio of 11.27. The stock’s fifty 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 earnings results on Wednesday, February 9th. The financial services provider reported C$1.53 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of C$1.53. The firm had revenue of C$13 billion during the quarter. As a group, analysts expect that Sun Life Financial will post 6.9899995 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Wednesday, June 1st will be issued 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 $2.76 dividend 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 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.

See Also