Manulife Financial Corporation [MFC] has traded in a range of $8.62 to $21.23 in the last 1 year. As of this writing, the stock is at $14.38, down -2.51%. To check whether the stock’s short-term amount has a thrust, its good to check stock’s recent movement. Over the last week, MFC shares are 2.22% up with the monthly amount drift of 1.94% and seems well in a long time frame.

On 1, October 2020, Manulife Investment Management announces reduction of management fees on six mutual funds and outcome of fund mergers and terminations. According to news published on Yahoo Finance, C$ unless otherwise statedTSX/NYSE/PSE: MFC SEHK: 945.

Analyst Birdseye View:

The most recent analyst activity for Manulife Financial Corporation [NYSE:MFC] stock was on February 07, 2020, when it was Initiated with a Neutral rating from Credit Suisse. On May 03, 2018, CIBC Upgrade a Sector outperform rating. On April 12, 2018, TD Securities Upgrade a Buy rating. On January 24, 2018, National Bank Financial Upgrade an Outperform rating. On August 24, 2016, BofA/Merrill Resumed a Buy rating. On August 04, 2016, Macquarie Downgrade a Neutral rating.

In the past 52 weeks of trading, this stock has oscillated between a low of $8.62 and a peak of $21.23. Right now, the middling Wall Street analyst 12-month amount mark is $17.29. At the most recent market close, shares of Manulife Financial Corporation [NYSE:MFC] were valued at $14.38. According to the average price forecast, investors can expect a potential return of -36.55%.

FUNDAMENTAL ANALYSIS

Manulife Financial Corporation [NYSE:MFC] most recently reported quarterly sales of 27.23 billion, which represented growth of 23.70%. This publicly-traded organization’s revenue is $2,207,143 per employee, while its income is $160,057 per employee. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 0.76, 11.78, 11.38 and 9.33 respectively.

The Principal structure of this organization shows its whole liability to whole principal at 19.72 and the whole liability to whole assets at 1.57. It shows enduring liability to the whole principal at 18.66 and enduring liability to assets at 0.01 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 14.68 points at 1st support level, the second support level is making up to 14.61. But as of 1st resistance point, this stock is sitting at 14.84 and at 14.93 for 2nd resistance point.

Manulife Financial Corporation [MFC] reported its earnings at $0.48 per share in the fiscal quarter closing of 12/30/2017. The Analysts for Wall Street were expecting to report its earnings at $0.46/share signifying the difference of 0.02 and 4.30% surprise value. Comparing the previous quarter ending of 9/29/2017, the stated earnings were $0.42 calling estimates for $0.4/share with the difference of 0.02 depicting the surprise of 5.00%.

Now if looking for a valuation of this stock’s amount to sales ratio it’s 0.67, it’s amount to book ratio is 1.13 and showing 9.98 of P/E (TTM) ratio.