Sun Life Financial Inc. (TSE:SLF) Receives C$87.00 Consensus PT from Brokerages

Sun Life Financial Inc. (TSE:SLF) (NYSE:SLF) has received a consensus recommendation of “Moderate Buy” from the ten ratings firms that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is C$87.00.

SLF has been the topic of a number of analyst reports. Cormark upgraded shares of Sun Life Financial from a “hold” rating to a “moderate buy” rating in a research note on Thursday, February 13th. National Bank Financial raised shares of Sun Life Financial from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th. Royal Bank of Canada boosted their price objective on shares of Sun Life Financial from C$78.00 to C$82.00 in a report on Wednesday, November 6th. TD Securities raised their target price on Sun Life Financial from C$81.00 to C$87.00 and gave the company a “hold” rating in a research note on Thursday, November 14th. Finally, National Bankshares cut their price target on Sun Life Financial from C$95.00 to C$93.00 and set an “outperform” rating on the stock in a research note on Thursday, February 13th.

Sun Life Financial Price Performance

SLF stock opened at C$79.88 on Wednesday. The firm has a market cap of C$45.63 billion, a P/E ratio of 12.05, a price-to-earnings-growth ratio of 1.33 and a beta of 0.94. The company has a debt-to-equity ratio of 26.00, a quick ratio of 84,866.00 and a current ratio of 92.19. Sun Life Financial has a 1 year low of C$64.38 and a 1 year high of C$88.54. The stock has a 50-day simple moving average of C$82.80 and a 200-day simple moving average of C$80.58.

Sun Life Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 31st will be given a $0.84 dividend. The ex-dividend date is Wednesday, February 26th. This represents a $3.36 annualized dividend and a dividend yield of 4.21%. Sun Life Financial’s payout ratio is 48.87%.

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.