Desjardins Analysts Give Sun Life Financial (TSE:SLF) a C$94.00 Price Target

Desjardins set a C$94.00 price objective on Sun Life Financial (TSE:SLF) (NYSE:SLF) in a research report report published on Thursday morning,BayStreet.CA reports. The brokerage currently has a buy rating on the financial services provider’s stock.

SLF has been the topic of several other research reports. National Bankshares decreased their price target on shares of Sun Life Financial from C$94.00 to C$93.00 in a report on Thursday, November 6th. TD Securities dropped their price objective on Sun Life Financial from C$101.00 to C$99.00 and set a “buy” rating for the company in a research note on Thursday, November 6th. Barclays boosted their target price on Sun Life Financial from C$82.00 to C$84.00 and gave the stock an “underweight” rating in a research report on Wednesday, October 8th. CIBC lowered their price target on Sun Life Financial from C$94.00 to C$93.00 in a report on Friday, November 7th. Finally, BMO Capital Markets dropped their price target on Sun Life Financial from C$99.00 to C$95.00 in a research report on Monday, November 10th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of C$91.44.

Sun Life Financial Trading Up 0.4%

Shares of Sun Life Financial stock opened at C$84.86 on Thursday. The company’s 50-day moving average price is C$83.87 and its 200-day moving average price is C$84.11. 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 has a 12-month low of C$74.56 and a 12-month high of C$91.11. The company has a market cap of C$47.27 billion, a price-to-earnings ratio of 16.07, a PEG ratio of 1.33 and a beta of 0.74.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last issued its quarterly earnings data on Wednesday, November 5th. The financial services provider reported C$1.86 EPS for the quarter. Sun Life Financial had a net margin of 7.58% and a return on equity of 15.69%. The company had revenue of C$9.07 billion during the quarter. On average, equities analysts expect that Sun Life Financial will post 6.9230769 earnings per share for the current fiscal year.

Sun Life Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 31st will be paid a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a yield of 4.3%. This is an increase from Sun Life Financial’s previous quarterly dividend of $0.88. The ex-dividend date of this dividend is Wednesday, November 26th. Sun Life Financial’s dividend payout ratio is presently 65.15%.

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.