Sun Life Financial (SLF) Price Target Lowered to C$56.00 at BMO Capital Markets

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its price target cut by BMO Capital Markets from C$60.00 to C$56.00 in a report released on Friday.

Other equities analysts have also recently issued reports about the stock. Evercore ISI dropped their price objective on shares of Sun Life Financial from C$60.00 to C$59.00 in a research note on Thursday. Evercore dropped their price objective on shares of Sun Life Financial from C$60.00 to C$59.00 in a research note on Thursday. CIBC dropped their price objective on shares of Sun Life Financial from C$59.00 to C$57.00 in a research note on Monday, October 29th. Desjardins dropped their price objective on shares of Sun Life Financial from C$60.00 to C$58.00 in a research note on Tuesday, October 16th. Finally, Canaccord Genuity boosted their price objective on shares of Sun Life Financial from C$58.00 to C$60.00 in a research note on Friday, August 10th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of Buy and an average price target of C$57.71.

SLF traded down C$0.18 during trading on Friday, hitting C$48.45. The stock had a trading volume of 1,192,800 shares, compared to its average volume of 1,099,038. The company has a debt-to-equity ratio of 18.98, a current ratio of 481.58 and a quick ratio of 448.92. Sun Life Financial has a twelve month low of C$46.96 and a twelve month high of C$56.09.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last announced its quarterly earnings data on Wednesday, August 8th. The financial services provider reported C$1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.15 by C$0.05. The firm had revenue of C$6.83 billion during the quarter. On average, sell-side analysts predict that Sun Life Financial will post 5.01311658165698 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Shareholders of record on Wednesday, November 28th will be given a dividend of $0.50 per share. This is a positive change from Sun Life Financial’s previous quarterly dividend of $0.48. This represents a $2.00 annualized dividend and a dividend yield of 4.13%. The ex-dividend date of this dividend is Tuesday, November 27th. Sun Life Financial’s payout ratio is presently 46.50%.

In other Sun Life Financial news, insider Stephen Peacher sold 89,485 shares of the business’s stock in a transaction on Thursday, September 6th. The shares were sold at an average price of C$51.39, for a total transaction of C$4,598,634.15.

Sun Life Financial Company Profile

Sun Life Financial Inc, a financial services company, provides insurance, wealth, and asset management solutions to individuals and corporate clients, high-net-worth individuals, and families. It operates through Sun Life Financial Canada, Sun Life Financial United States, Sun Life Financial Asset Management, Sun Life Financial Asia, and Corporate segments.

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