Manulife Financial Corp. (MFC) concluded trading on 01/11/24 at a closing price of $21.48, with 2.61 million shares of worth about $56.1 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 13.11% during that period and on Thursday the price saw a loss of about -0.60%. 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 4.32% above of average price target set by the analysts, while a rise to estimated low would result in gain of 23.29% for the stock. However, touching the estimated high of $34.00 would mean a gain of 36.82% for the stock.
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Manulife Financial Corp. (NYSE: MFC) started trading at $21.58, below -$0.03 from concluding price of the previous day. However, the stock later moved at a day high price of 21.60, or with a loss of -0.60%. Stock saw a price change of -0.65% in past 5 days and over the past one month there was a price change of 4.32%. Year-to-date (YTD), MFC shares are showing a performance of -2.81% which increased to 16.55% 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 3.20 million. The stock is currently trading -0.75% below its 20-day simple moving average (SMA20), while that difference is up 7.09% for SMA50 and it goes to 12.26% higher than SMA200.
Manulife Financial Corp. (NYSE: MFC) currently have 1.86B outstanding shares and institutions hold larger chunk of about 51.88% of that.
The stock has a current market capitalization of $38.80B and its 3Y-monthly beta is at 1.07. PE ratio of stock for trailing 12 months is 10.71, while it has posted earnings per share of $2.00 in the same period. Its PEG reads 3.77 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 1.38% while standing at 1.36% over the month.
Stock’s fiscal year EPS is expected to rise by 6.70% while it is estimated to increase by 7.49% 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”.
