Dundee Initiates Coverage on Sun Life Financial Inc to Buy

Dundee Initiates Coverage on Sun Life Financial Inc(NYSE:SLF). The shares have been rated Buy. The rating by Dundee was issued on Sep 21, 2016.

In a different note, Bank of America said it Initiates Coverage on Sun Life Financial Inc, according to a research note issued on Aug 24, 2016. The shares have been rated ‘Underperform’ by the firm. On Jul 27, 2016, Jefferies said it Maintains its rating on Sun Life Financial Inc. In the research note, the firm Lowers the price-target to $16.00 per share. The shares have been rated ‘Hold’ by the firm.

Sun Life Financial Inc (SLF) made into the market gainers list on Tuesdays trading session with the shares advancing 0.63% or 0.2 points. Due to strong positive momentum, the stock ended at $31.91, which is also near the day’s high of $31.96. The stock began the session at $31.77 and the volume stood at 4,07,142 shares. The 52-week high of the shares is $35.46 and the 52 week low is $25.31. The company has a current market capitalization of $19,555 M and it has 61,28,31,480 shares in outstanding.

Sun Life Financial Inc(SLF) last announced its earnings results on Aug 10, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $7.34B. Analysts had an estimated revenue of $4.92B. Earnings per share were $0.69. Analysts had estimated an EPS of $0.71.

Sun Life Financial Inc. (Sun Life Financial) is a financial services organization which provides a range of protection and wealth products and services to individuals and corporate customers. The Company operates in five segments: Sun Life Financial Canada (SLF Canada) Sun Life Financial United States (SLF U.S.) MFS Investment Management (MFS) Sun Life Financial Asia (SLF Asia) and Corporate. The Company distributes its products through a variety of distribution channels including direct sales agents managing general agents independent general agents financial intermediaries broker-dealers banks pension and benefits consultants and other third-party marketing organizations. The Company operates in Canada the United States the United Kingdom Ireland Hong Kong the Philippines Japan Indonesia India China Australia Singapore Vietnam Malaysia and Bermuda.

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