Sun Life Financial Inc (TSE:SLF) (NYSE:SLF) - Equities research analysts at Desjardins cut their Q2 2017 earnings per share estimates for shares of Sun Life Financial in a report released on Tuesday. Desjardins analyst D. Young now anticipates that the financial services provider will post earnings per share of $0.96 for the quarter, down from their prior estimate of $0.98. Desjardins also issued estimates for Sun Life Financial’s FY2017 earnings at $3.91 EPS and FY2018 earnings at $4.30 EPS.
Several other research analysts have also recently commented on the company. National Bank Financial reaffirmed an “outperform” rating and issued a C$52.00 target price on shares of Sun Life Financial in a research report on Wednesday, May 10th. CSFB cut Sun Life Financial from an “outperform” rating to a “neutral” rating in a research report on Wednesday, May 10th. TD Securities cut their price objective on Sun Life Financial from C$53.00 to C$49.00 and set a “hold” rating for the company in a report on Wednesday, May 10th. Barclays PLC cut their price objective on Sun Life Financial from C$54.00 to C$52.00 in a report on Thursday, May 11th. Finally, Royal Bank Of Canada raised Sun Life Financial from a “sector perform” rating to an “outperform” rating and set a C$51.00 price objective for the company in a report on Wednesday, June 7th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of C$52.75.
Shares of Sun Life Financial (SLF) opened at 47.30 on Thursday. Sun Life Financial has a one year low of $40.00 and a one year high of $53.75. The firm’s 50 day moving average is $45.74 and its 200-day moving average is $48.22. The firm has a market capitalization of $29.03 billion and a PE ratio of 11.69.
The firm also recently declared a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Wednesday, May 31st were issued a $0.435 dividend. This represents a $1.74 dividend on an annualized basis and a dividend yield of 3.68%. This is a boost from Sun Life Financial’s previous quarterly dividend of $0.42.
About Sun Life Financial
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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