Barclays Issues Positive Forecast for Sun Life Financial (TSE:SLF) Stock Price

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its price target hoisted by Barclays from C$84.00 to C$85.00 in a research report report published on Wednesday,BayStreet.CA reports.

A number of other equities research analysts also recently commented on SLF. Desjardins raised their target price on Sun Life Financial from C$96.00 to C$101.00 and gave the company a “buy” rating in a report on Friday, February 13th. Scotiabank lifted their price target on Sun Life Financial from C$93.00 to C$96.00 and gave the stock a “sector perform” rating in a research note on Friday, February 13th. TD Securities cut their price target on Sun Life Financial from C$104.00 to C$102.00 and set a “buy” rating for the company in a research note on Thursday, February 12th. BMO Capital Markets lifted their price target on Sun Life Financial from C$95.00 to C$100.00 and gave the stock an “outperform” rating in a research note on Friday, February 13th. Finally, Royal Bank Of Canada lifted their price target on Sun Life Financial from C$83.00 to C$95.00 and gave the stock a “sector perform” rating in a research note on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of C$96.67.

Sun Life Financial Price Performance

Sun Life Financial stock opened at C$91.23 on Wednesday. Sun Life Financial has a one year low of C$74.56 and a one year high of C$94.76. The company has a debt-to-equity ratio of 74.49, a quick ratio of 84,866.00 and a current ratio of 2.78. The business has a fifty day moving average of C$88.33 and a two-hundred day moving average of C$85.91. The company has a market cap of C$50.53 billion, a P/E ratio of 14.83, a price-to-earnings-growth ratio of 1.33 and a beta of 0.69.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last released its earnings results on Wednesday, February 11th. The financial services provider reported C$1.96 EPS for the quarter. Sun Life Financial had a return on equity of 14.68% and a net margin of 9.74%.The company had revenue of C$8.67 billion during the quarter. As a group, analysts predict that Sun Life Financial will post 6.9230769 earnings per share for the current fiscal year.

Sun Life Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 31st were paid a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend was Wednesday, February 25th. Sun Life Financial’s payout ratio is 57.24%.

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.