At the time of writing, Manulife Financial Corp [MFC] stock is trading at $34.43, up 2.65%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The MFC shares have gain 3.39% over the last week, with a monthly amount glided 6.50%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
On May 09, 2024, upgrade upgraded it’s rating to Outperform. Jefferies started tracking the stock assigning a Buy rating. RBC Capital Mkts upgraded its rating to a Outperform. In a note dated July 27, 2022, Scotiabank upgraded an Sector Outperform rating on this stock.
For the past year, the stock price of Manulife Financial Corp fluctuated between $25.92 and $33.97. Currently, Wall Street analysts expect the stock to reach $47 within the next 12 months. Manulife Financial Corp [NYSE: MFC] shares were valued at $34.43 at the most recent close of the market. An investor can expect a potential return of 36.51% based on the average MFC price forecast.
Analyzing the MFC fundamentals
According to Manulife Financial Corp [NYSE:MFC], the company’s sales were 39.85B for trailing twelve months, which represents an 18.77% jump. Gross Profit Margin for this corporation currently stands at 0.33% with Operating Profit Margin at 0.16%, 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 0.01. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.27.
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 33.81 points at the first support level, and at 33.20 for the second support level. However, for the 1st resistance point, the stock is sitting at 34.77, and for the 2nd resistance point, it is at 35.12.
Ratios To Look Out For
It is important to note that Manulife Financial Corp [NYSE:MFC] has a current ratio of 196.35. Considering the valuation of this stock, the price to sales ratio is 1.47, the price to book ratio is 1.89 and price to earnings (TTM) ratio is 15.34.
