Technical Outlook And Game Plan For Manulife Financial Corp. (NYSE: MFC)

Manulife Financial Corp. (MFC) concluded trading on Thursday at a closing price of $24.79, with 6.53 million shares of worth about $161.93 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 32.71% during that period and on Thursday the price saw a gain of about 9.54%. Currently the company’s common shares owned by public are about 1.86B shares, out of which, 1.80B shares are available for trading.

Stock saw a price change of 10.32% in past 5 days and over the past one month there was a price change of 17.99%. Year-to-date (YTD), MFC shares are showing a performance of 12.17% which increased to 26.87% 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 $22.82 during that period. The average intraday trading volume for Manulife Financial Corp. shares is 3.33 million. The stock is currently trading 12.76% above its 20-day simple moving average (SMA20), while that difference is up 15.05% for SMA50 and it goes to 27.17% higher than SMA200.

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Manulife Financial Corp. (NYSE: MFC) currently have 1.86B outstanding shares and institutions hold larger chunk of about 52.11% of that.

The stock has a current market capitalization of $44.78B and its 3Y-monthly beta is at 1.07. PE ratio of stock for trailing 12 months is 12.36, while it has posted earnings per share of $2.00 in the same period. Its PEG reads 4.35 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 2.46% while standing at 1.71% over the month.

Analysts are in expectations that Manulife Financial Corp. (MFC) stock would likely to be making an EPS of $0.66 in the current quarter, while forecast for next quarter EPS is $0.66 and it is $2.88 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.65 which is $0.69 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 $0.6 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 4.45% while it is estimated to increase by 9.45% 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.

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