FY2018 Earnings Estimate for Sun Life Financial Inc. (SLF) Issued By Cormark

FY2018 Earnings Estimate for Sun Life Financial Inc. (SLF) Issued By Cormark

Sun Life Financial Inc. (TSE:SLF) (NYSE:SLF) – Cormark issued their FY2018 earnings per share estimates for Sun Life Financial in a report released on Wednesday. Cormark analyst M. Grauman forecasts that the firm will post earnings of $4.52 per share for the year.

Other analysts have also recently issued research reports about the stock. Dundee Securities cut shares of Sun Life Financial from a “buy” rating to a “neutral” rating and decreased their price target for the stock from C$54.00 to C$52.00 in a research note on Thursday, December 22nd. Barclays PLC boosted their price target on shares of Sun Life Financial from C$45.00 to C$51.00 and gave the stock an “overweight” rating in a research note on Friday, November 11th. CSFB reiterated an “outperform” rating and issued a C$50.00 price target on shares of Sun Life Financial in a research note on Tuesday, November 15th. Canaccord Genuity boosted their price target on shares of Sun Life Financial from C$49.00 to C$50.00 and gave the stock a “buy” rating in a research note on Thursday, November 10th. Finally, Desjardins boosted their price target on shares of Sun Life Financial from C$50.00 to C$52.00 and gave the stock a “buy” rating in a research note on Thursday, November 10th. Three analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Sun Life Financial currently has an average rating of “Buy” and an average target price of C$52.85.

Sun Life Financial (TSE:SLF) traded down 0.86% during mid-day trading on Thursday, hitting $51.65. The company had a trading volume of 796,941 shares. The stock has a market capitalization of $31.65 billion and a PE ratio of 13.88. The stock has a 50 day moving average price of $51.98 and a 200-day moving average price of $46.24. Sun Life Financial has a 1-year low of $36.64 and a 1-year high of $53.75.

The business also recently announced a quarterly dividend, which was paid on Friday, December 30th. Shareholders of record on Wednesday, November 30th were paid a $0.42 dividend. This is an increase from Sun Life Financial’s previous quarterly dividend of $0.41. This represents a $1.68 dividend on an annualized basis and a yield of 3.22%.

Sun Life Financial Company Profile

Sun Life Financial Inc is the holding company of Sun Life Assurance Company of Canada. The Company is a financial services organization providing a range of protection and wealth products and services. It operates in five segments: Sun Life Financial Canada (SLF Canada), Sun Life Financial United States (SLF U.S.), Sun Life Financial Asset Management (SLF Asset Management), Sun Life Financial Asia (SLF Asia) and Corporate.

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