Manulife Financial Corp. (MFC) concluded trading on 01/04/24 at a closing price of $21.62, with 4.08 million shares of worth about $88.25 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 17.56% during that period and on Thursday the price saw a gain of about 0.05%. Currently the company’s common shares owned by public are about 1.86B shares, out of which, 1.80B shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 14 analysts are covering the MFC stock and their offered price forecasts bring an average price target of $30.40. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $34.00 and could fall to a lowest price of $28.00. The stock’s current price level is 3.61% above of average price target set by the analysts, while a rise to estimated low would result in gain of 22.79% for the stock. However, touching the estimated high of $34.00 would mean a gain of 36.41% for the stock.
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Manulife Financial Corp. (NYSE: MFC) started trading at $21.62, above $0.01 from concluding price of the previous day. Stock saw a price change of -2.17% in past 5 days and over the past one month there was a price change of 8.97%. Year-to-date (YTD), MFC shares are showing a performance of -2.17% which increased to 21.32% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $17.07 but also hit the highest price of $22.33 during that period. The average intraday trading volume for Manulife Financial Corp. shares is 3.12 million. The stock is currently trading 1.92% above its 20-day simple moving average (SMA20), while that difference is up 10.17% for SMA50 and it goes to 13.57% higher than SMA200.
Manulife Financial Corp. (NYSE: MFC) currently have 1.86B outstanding shares and institutions hold larger chunk of about 51.77% of that.
The stock has a current market capitalization of $39.06B and its 3Y-monthly beta is at 1.07. PE ratio of stock for trailing 12 months is 10.78, while it has posted earnings per share of $2.00 in the same period. Its PEG reads 3.80 while making debt-to-equity ratio of 0.27. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for MFC, volatility over the week remained 0.97% while standing at 1.37% over the month.
Analysts are in expectations that Manulife Financial Corp. (MFC) stock would likely to be making an EPS of $0.64 in the current quarter, while forecast for next quarter EPS is $0.67 and it is $2.73 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.62 which is $0.65 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.66 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 6.21% while it is estimated to increase by 7.88% in next year. EPS is likely to shrink at an annualized rate of 2.84% for next 5-years, compared to annual growth of 30.24% made by the stock over the past 5-years.
Analysts at 14 brokerage firms have issued recommendations for the Manulife Financial Corp. (MFC)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.29. Out of those 14 Wall Street analysts, 5 recommended a “Buy” rating, while 6 were in favor recommending the stock as a “Hold” and 1 analyst recommended the stock as “Sell”.
