Evercore ISI reaffirmed their outperform rating on shares of Sun Life Financial (TSE:SLF) (NYSE:SLF) in a research report released on Monday morning, Stock Target Advisor reports. Evercore ISI currently has a C$63.00 price objective on the financial services provider’s stock.
Several other research firms have also weighed in on SLF. Desjardins raised their price objective on Sun Life Financial from C$58.00 to C$59.00 in a research note on Monday, April 15th. BMO Capital Markets raised their target price on Sun Life Financial from C$58.00 to C$60.00 in a research report on Friday, May 10th. Evercore set a C$63.00 target price on Sun Life Financial and gave the stock an outperform rating in a research report on Monday. Canaccord Genuity raised their target price on TransAlta Renewables from C$12.50 to C$13.00 in a research report on Monday, April 29th. Finally, Barclays cut Axel Springer from an overweight rating to an equal weight rating in a research report on Wednesday, June 12th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of Buy and a consensus price target of C$57.82.
SLF opened at C$54.97 on Monday. The company has a market cap of $32.73 billion and a price-to-earnings ratio of 13.44. The company has a current ratio of 483.92, a quick ratio of 451.94 and a debt-to-equity ratio of 18.26. The stock’s fifty day moving average is C$54.29. Sun Life Financial has a fifty-two week low of C$43.13 and a fifty-two week high of C$55.97.
Sun Life Financial (TSE:SLF) (NYSE:SLF) last released its quarterly earnings data on Wednesday, May 8th. The financial services provider reported C$1.20 earnings per share for the quarter, missing the consensus estimate of C$1.21 by C($0.01). The firm had revenue of C$11.39 billion during the quarter. On average, equities research analysts expect that Sun Life Financial will post 5.4399999 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Wednesday, May 29th were given a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 3.82%. The ex-dividend date of this dividend was Tuesday, May 28th. This is a boost from Sun Life Financial’s previous quarterly dividend of $0.50. Sun Life Financial’s dividend payout ratio (DPR) is 47.68%.
In related news, Director Dean Connor sold 73,000 shares of the stock in a transaction on Tuesday, May 14th. The stock was sold at an average price of C$52.72, for a total transaction of C$3,848,560.00. Following the completion of the sale, the director now directly owns 86,047 shares in the company, valued at C$4,536,397.84. Also, Senior Officer Colm Joseph Freyne sold 17,730 shares of the stock in a transaction on Thursday, June 6th. The stock was sold at an average price of C$53.54, for a total value of C$949,264.20.
About Sun Life Financial
Sun Life Financial Inc, a financial services company, provides insurance, wealth, and asset management solutions to individuals and corporate clients worldwide. The company operates through five segments: Sun Life Financial Canada, Sun Life Financial United States, Sun Life Financial Asset Management, Sun Life Financial Asia, and Corporate.
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