Manulife Financial Corp. [MFC] stock prices are up 0.58% to $24.21 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The MFC shares have gain 1.25% over the last week, with a monthly amount drifted -1.94%, and not seem to be holding up well over a long-time horizon.
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On 19, March 2024, Manulife Investment Management Limited Announces Changes to Mutual Fund Offering. In a post published today on Yahoo Finance, Manulife Investment Management Limited has announced changes including management fee reductions and a fund termination which will affect the following funds in its mutual fund offering.
From an analyst’s perspective:
Previously, RBC Capital Mkts upgraded its rating to Outperform on December 12, 2023. On January 12, 2023, Credit Suisse initiated with a Neutral rating. Scotiabank upgraded its rating to a Sector Outperform. Canaccord Genuity downgraded its rating to a Hold. BMO Capital Markets downgraded its rating to Market Perform for this stock on May 12, 2022.
The stock price of Manulife Financial Corp. [MFC] has been fluctuating between $17.07 and $24.89 over the past year. Currently, Wall Street analysts expect the stock to reach $25.86 within the next 12 months. Manulife Financial Corp. [NYSE: MFC] shares were valued at $24.21 at the most recent close of the market. An investor can expect a potential return of 6.82% based on the average MFC price forecast.
Analyzing the MFC fundamentals
The Manulife Financial Corp. [NYSE:MFC] reported sales of 26.79B for trailing twelve months, representing a drop of -39.75%. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.12%, Pretax Profit Margin comes in at 0.13%, and Net Profit Margin reading is 0.11%. To continue investigating profitability, this company’s Return on Assets is posted at 0.0, Equity is 0.09 and Total Capital is 0.01. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.27.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 24.00 points at the first support level, and at 23.79 for the second support level. However, for the 1st resistance point, the stock is sitting at 24.37, and for the 2nd resistance point, it is at 24.53.
Manulife Financial Corp. [MFC] reported earnings per share of $0.68 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.63/share, meaning a difference of $0.05 and a surprise factor of 7.90%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.68 per share as compared to estimates of $0.61 per share, a difference of $0.07 representing a surprise of 11.50%.
Ratios To Look Out For
It’s worth pointing out that Manulife Financial Corp. [NYSE:MFC]’s Current Ratio is 0.06. Considering the valuation of this stock, the price to sales ratio is 1.63, the price to book ratio is 1.43 and price to earnings (TTM) ratio is 12.52.
