At the time of writing, Manulife Financial Corp. [MFC] stock is trading at $26.99, up 1.31%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The MFC shares have gain 1.39% over the last week, with a monthly amount glided 4.53%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Manulife Financial Corp. [NYSE: MFC] stock has seen the most recent analyst activity on May 09, 2024, when National Bank Financial upgraded its rating to a Outperform. On December 12, 2023, upgrade upgraded it’s rating to Outperform. Credit Suisse started tracking the stock assigning a Neutral rating. Scotiabank upgraded its rating to a Sector Outperform. Canaccord Genuity downgraded its rating to Hold for this stock on May 13, 2022. In a note dated May 12, 2022, BMO Capital Markets downgraded an Market Perform rating on this stock.
For the past year, the stock price of Manulife Financial Corp. fluctuated between $17.07 and $27.02. 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 $26.99 at the most recent close of the market. An investor can expect a potential drop of -4.19% based on the average MFC price forecast.
Analyzing the MFC fundamentals
According to Manulife Financial Corp. [NYSE:MFC], the company’s sales were 26.45B for trailing twelve months, which represents an -5.16% plunge. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.13%, Pretax Profit Margin comes in at 0.14%, and Net Profit Margin reading is 0.11%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.1 and Total Capital is 0.01. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.28.
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 26.79 points at the first support level, and at 26.60 for the second support level. However, for the 1st resistance point, the stock is sitting at 27.13, and for the 2nd resistance point, it is at 27.28.
Ratios To Look Out For
It is important to note that Manulife Financial Corp. [NYSE:MFC] has a current ratio of 0.07. Considering the valuation of this stock, the price to sales ratio is 1.83, the price to book ratio is 1.58 and price to earnings (TTM) ratio is 15.61.
