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

Sun Life Financial Inc. (TSE:SLF) (NYSE:SLF) has been assigned an average recommendation of “Moderate Buy” from the ten research firms that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is C$87.00.

Several analysts have commented on SLF shares. Royal Bank of Canada set a C$82.00 price objective on Sun Life Financial and gave the company an “outperform” rating in a report on Monday, March 17th. Cormark raised shares of Sun Life Financial from a “hold” rating to a “moderate buy” rating in a research note on Thursday, February 13th. CIBC reduced their price objective on shares of Sun Life Financial from C$95.00 to C$94.00 and set an “outperform” rating for the company in a research report on Tuesday, February 25th. Scotiabank decreased their price objective on shares of Sun Life Financial from C$98.00 to C$94.00 in a report on Friday, February 14th. Finally, Barclays boosted their target price on shares of Sun Life Financial from C$82.00 to C$87.00 in a research note on Monday, January 6th.

Sun Life Financial Trading Down 0.8 %

Shares of TSE:SLF opened at C$81.12 on Friday. The company has a market capitalization of C$46.33 billion, a PE ratio of 12.24, a PEG ratio of 1.33 and a beta of 0.94. Sun Life Financial has a 12-month low of C$64.38 and a 12-month high of C$88.54. The business has a 50 day moving average of C$81.27 and a two-hundred day moving average of C$81.66. The company has a current ratio of 92.19, a quick ratio of 84,866.00 and a debt-to-equity ratio of 26.00.

Sun Life Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 31st will be paid a $0.84 dividend. This represents a $3.36 dividend on an annualized basis and a dividend yield of 4.14%. The ex-dividend date of this dividend is Wednesday, February 26th. Sun Life Financial’s dividend payout ratio (DPR) is 48.87%.

About Sun Life Financial

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.