Desjardins Research Analysts Reduce Earnings Estimates for Sun Life Financial Inc (SLF)
Sun Life Financial Inc (TSE:SLF) (NYSE:SLF) – Investment analysts at Desjardins reduced their Q3 2017 EPS estimates for Sun Life Financial in a research report issued to clients and investors on Tuesday. Desjardins analyst D. Young now anticipates that the financial services provider will post earnings per share of $0.97 for the quarter, down from their prior forecast of $0.98. Desjardins also issued estimates for Sun Life Financial’s Q4 2017 earnings at $0.99 EPS and FY2018 earnings at $4.24 EPS.
Several other equities analysts have also issued reports on the company. Barclays PLC lifted their price target on Sun Life Financial from C$52.00 to C$53.00 in a research report on Wednesday, July 12th. Scotiabank lifted their price target on Sun Life Financial from C$52.00 to C$53.00 and gave the stock a “sector perform” rating in a research report on Friday, August 11th. Royal Bank Of Canada lifted their price target on Sun Life Financial from C$51.00 to C$53.00 and gave the stock an “outperform” rating in a research report on Friday, August 11th. Finally, National Bank Financial lifted their price target on Sun Life Financial from C$52.00 to C$53.00 and gave the stock an “outperform” rating in a research report on Thursday, August 10th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Sun Life Financial currently has a consensus rating of “Buy” and a consensus price target of C$53.08.
Shares of Sun Life Financial (TSE SLF) opened at 49.71 on Thursday. The company has a market cap of $30.51 billion and a price-to-earnings ratio of 11.84. Sun Life Financial has a 1-year low of $42.66 and a 1-year high of $53.75. The stock has a 50 day moving average of $48.31 and a 200 day moving average of $47.28.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Wednesday, August 30th were given a $0.435 dividend. This represents a $1.74 dividend on an annualized basis and a yield of 3.50%. The ex-dividend date of this dividend was Monday, August 28th.
In other Sun Life Financial news, insider Kevin Strain sold 34,298 shares of the business’s stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of C$49.15, for a total value of C$1,685,746.70.
Sun Life Financial Company Profile
Sun Life Financial Inc is the holding company of Sun Life Assurance Company of Canada. The Company is a financial services company providing a range of insurance, wealth and asset management solutions to individuals and corporate Clients. It operates through five segments. The Sun Life Financial Canada segment provides retail insurance and investment advice, products and services to people across Canada.
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