Trade Report: The FY2016 EPS Estimates for Sun Life Financial Inc. Reduced by Analyst (SLF)

The FY2016 EPS Estimates for Sun Life Financial Inc. Reduced by Analyst (SLF)

Sun Life Financial Inc. (TSE:SLF) – Stock analysts at Cormark cut their FY2016 earnings per share estimates for shares of Sun Life Financial in a research report issued to clients and investors on Friday. Cormark analyst M. Grauman now expects that the brokerage will post earnings of $3.78 per share for the year, down from their previous estimate of $3.82. Cormark also issued estimates for Sun Life Financial’s Q4 2016 earnings at $0.98 EPS.

Several other equities research analysts have also recently issued reports on SLF. Barclays PLC cut their price objective on shares of Sun Life Financial from C$46.00 to C$44.00 in a research report on Tuesday, July 12th. Canaccord Genuity lowered their target price on shares of Sun Life Financial from C$47.00 to C$46.00 and set a “buy” rating for the company in a research note on Thursday, August 11th. CIBC lowered their target price on shares of Sun Life Financial from C$47.00 to C$46.00 in a research note on Thursday, August 11th. Scotiabank lowered their target price on shares of Sun Life Financial from C$48.00 to C$46.00 and set an “outperform” rating for the company in a research note on Thursday, August 11th. Finally, TD Securities reaffirmed a “buy” rating and set a C$47.00 target price on shares of Sun Life Financial in a research note on Thursday, August 11th. One equities research analyst has rated the stock with a hold rating and ten have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of C$46.00.

Sun Life Financial (TSE:SLF) opened at 44.71 on Monday. The company has a market cap of $27.40 billion and a price-to-earnings ratio of 13.50. Sun Life Financial has a 1-year low of $36.64 and a 1-year high of $46.12. The company’s 50 day moving average is $42.86 and its 200 day moving average is $42.79.

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