At the time of writing, Manulife Financial Corp [MFC] stock is trading at $30.08, up 1.28%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The MFC shares have lost -2.40% over the last week, with a monthly amount drifted -7.65%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, National Bank Financial upgraded its rating to Outperform on May 09, 2024. On February 22, 2024, Jefferies initiated with a Buy rating. RBC Capital Mkts upgraded its rating to a Outperform. Credit Suisse initiated its recommendation with a Neutral. Scotiabank upgraded its rating to Sector Outperform for this stock on July 27, 2022. In a note dated May 13, 2022, Canaccord Genuity downgraded an Hold rating on this stock.
For the past year, the stock price of Manulife Financial Corp fluctuated between $20.78 and $33.07. 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 $30.08 at the most recent close of the market. An investor can expect a potential drop of -14.03% based on the average MFC price forecast.
Analyzing the MFC fundamentals
According to Manulife Financial Corp [NYSE:MFC], the company’s sales were 40.90B for trailing twelve months, which represents an 48.09% jump. Gross Profit Margin for this corporation currently stands at 1.0% with Operating Profit Margin at 0.04%, Pretax Profit Margin comes in at 0.16%, and Net Profit Margin reading is 0.13%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.12 and Total Capital is 0.0. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.26.
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 29.76 points at the first support level, and at 29.44 for the second support level. However, for the 1st resistance point, the stock is sitting at 30.40, and for the 2nd resistance point, it is at 30.71.
Ratios To Look Out For
It is important to note that Manulife Financial Corp [NYSE:MFC] has a current ratio of 88.82. Considering the valuation of this stock, the price to sales ratio is 1.29, the price to book ratio is 1.67 and price to earnings (TTM) ratio is 14.45.
