Sun Life Financial Given Consensus Rating of “Buy” by Analysts (TSE:SLF)
Shares of Sun Life Financial (TSE:SLF) have received an average recommendation of “Buy” from the eleven ratings firms that are presently covering the company, StockRatingsNetwork.com reports. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is C$41.88.
Several analysts have recently commented on the stock. Analysts at CIBC raised their price target on shares of Sun Life Financial from C$42.00 to C$43.00 in a research note on Friday. They now have a “sector perform” rating on the stock. Separately, analysts at RBC Capital raised their price target on shares of Sun Life Financial from C$38.00 to C$41.00 in a research note on Friday. They now have a “sector perform” rating on the stock. Finally, analysts at Barclays raised their price target on shares of Sun Life Financial from C$41.00 to C$44.00 in a research note on Friday. They now have an “equal weight” rating on the stock.
Shares of Sun Life Financial (TSE:SLF) opened at 40.42 on Tuesday. Sun Life Financial has a one year low of $31.54 and a one year high of $42.40. The stock’s 50-day moving average is $40.31 and its 200-day moving average is $38.34. The company has a market cap of $24.541 billion and a P/E ratio of 29.27.
Sun Life Financial (TSE:SLF) last issued its quarterly earnings data on Friday, August 8th. The company reported $0.81 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.73 by $0.08. Analysts expect that Sun Life Financial will post $2.95 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 30th. Investors of record on Wednesday, August 27th will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 3.56%. The ex-dividend date is Monday, August 25th.
Sun Life Financial Inc (TSE:SLF) is an international financial services organization providing a diverse range of protection and wealth accumulation products and services to individuals and corporate customers.
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