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

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its price objective hoisted by TD from C$102.00 to C$107.00 in a report published on Thursday morning,BayStreet.CA reports. The firm currently has a buy rating on the financial services provider’s stock.

A number of other equities research analysts have also recently commented on the company. Scotiabank increased their target price on Sun Life Financial from C$93.00 to C$96.00 and gave the company a “sector perform” rating in a report on Friday, February 13th. TD Securities lowered their target price on Sun Life Financial from C$104.00 to C$102.00 and set a “buy” rating on the stock in a report on Thursday, February 12th. Jefferies Financial Group increased their target price on Sun Life Financial from C$103.00 to C$115.00 in a report on Friday, May 1st. BMO Capital Markets increased their target price on Sun Life Financial from C$95.00 to C$100.00 and gave the company an “outperform” rating in a report on Friday, February 13th. Finally, Barclays increased their target price on Sun Life Financial from C$84.00 to C$85.00 in a report on Wednesday, April 8th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Sun Life Financial has a consensus rating of “Moderate Buy” and an average target price of C$100.40.

Sun Life Financial Stock Performance

SLF opened at C$94.79 on Thursday. The stock has a market cap of C$52.51 billion, a P/E ratio of 15.41, a P/E/G ratio of 1.33 and a beta of 0.73. The company has a debt-to-equity ratio of 74.49, a current ratio of 2.78 and a quick ratio of 84,866.00. The stock’s 50 day simple moving average is C$90.61 and its 200 day simple moving average is C$87.40. Sun Life Financial has a 1-year low of C$77.38 and a 1-year high of C$101.15.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last released its quarterly earnings results on Wednesday, May 6th. The financial services provider reported C$1.89 earnings per share for the quarter. The business had revenue of C$8.73 billion for the quarter. Sun Life Financial had a return on equity of 14.68% and a net margin of 9.74%. As a group, equities analysts anticipate that Sun Life Financial will post 6.9230769 EPS for the current fiscal year.

Sun Life Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 31st were paid a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend was Wednesday, February 25th. Sun Life Financial’s dividend payout ratio is currently 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.