Manulife Financial Co. (TSE: MFC) according to the average “Buy” rating assigned by brokerage firms


Stocks of Manulife Financial Co. (TSE: MFC) (NYSE: MFC) received an average recommendation of “Buy” by the thirteen analysts who currently cover the company, reports MarketBeat Ratings. Three investment analysts rated the stock with a hold recommendation, two gave the company a buy recommendation and one gave the company a strong buy recommendation. The average one-year target price among brokers who issued stock ratings in the past year is C $ 29.46.

A number of equity research analysts have recently published reports on the stock. Barclays raised its price target for Manulife Financial shares to C $ 38.50 and assigned the company a “na” rating in a research note on Monday, July 12. CIBC reassessed a “neutral” rating and set a price target of C $ 27.00 for Manulife Financial shares in a research note on Wednesday, June 30. Credit Suisse Group lowered its price target on Manulife Financial to C $ 27.00 and established an “outperformance” rating for the company in a research report released on Wednesday, May 12. CSFB reduced its price target on Manulife Financial from C $ 28.00 to C $ 27.00 in a report released on Wednesday, May 12. Finally, BMO Capital Markets raised its target price on Manulife Financial from Cdn $ 30.00 to Cdn $ 33.00 and assigned the company an “outperformance” rating in a report released on Friday, April 16.

MFC shares opened at C $ 24.56 on Friday. The company has a debt to equity ratio of 44.91, a quick ratio of 2.88 and a current ratio of 6.02. Manulife Financial has a 12-month low of C $ 17.58 and a 12-month high of C $ 27.68. The company’s 50-day mobile average price is C $ 24.37. The company has a market capitalization of C $ 47.70 billion and a PE ratio of 9.20.

Manulife Financial (TSE: MFC) (NYSE: MFC) last released its quarterly results on Wednesday, May 5. The financial services provider reported earnings per share (EPS) of C $ 0.81 for the quarter, beating the consensus estimate of C $ 0.76 by C $ 0.05. The company generated sales of C $ 15.00 million during the quarter. On average, analysts expect Manulife Financial to post EPS of 3.3499999 for the current year.

(A d)

Imagine turning every $ 1 you invest into $ 1,300… without risking a dime on stocks. A former Lehman Brothers executive reveals one of Wall Street’s best-kept secrets.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 20. Shareholders of record on Tuesday August 17 will receive a dividend of $ 0.28. The ex-dividend date of this dividend is Monday August 16. This represents a dividend of $ 1.12 on an annualized basis and a dividend yield of 4.56%. Manulife Financial’s payout ratio is 41.95%.

In other news from Manulife Financial, principal Simonetta Vendittelli sold 2,129 shares of the company in a transaction on Thursday, May 20. The shares were sold for an average price of C $ 27.18, for a total value of C $ 57,869.57. Additionally, director Michael James Doughty sold 21,247 shares of the company in a trade dated Friday, May 14. The shares were sold for an average price of C $ 25.90, for a total value of C $ 550,282.43. Following the completion of the sale, the director now directly owns 5,363 shares of the company, valued at CA $ 138,897.95. In the past ninety days, insiders have sold 36,272 shares of the company valued at $ 942,149.

Manulife Financial Company Profile

Manulife Financial Corporation, together with its subsidiaries, provides financial products and services in Asia, Canada, the United States and internationally. The company operates through wealth and asset management companies; Insurance and annuity products; And the Business and Other segments. The Wealth and Asset Management Activities segment provides mutual funds and exchange traded funds, group retirement and savings products, as well as institutional asset management services through agents and brokers affiliated with the company, brokerage firms and financial advisers, pension consultants and banks.

See also: 52 week peaks

Analyst Recommendations for Manulife Financial (TSE: MFC)

This instant news alert was powered by storytelling technology and MarketBeat financial data to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Should you invest $ 1,000 in Manulife Financial now?

Before you consider Manulife Financial, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat identified the five stocks that top analysts quietly whisper to their clients to buy now before the market in general takes over … and Manulife Financial was not on the list.

While Manulife Financial currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the 5 actions here

Source link

Leave A Reply

Your email address will not be published.