Manulife Financial Corp [MFC] stock prices are up 0.73% to $31.74 at the moment. 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 3.15% over the last week, with a monthly amount glided 3.35%, and seem to be holding up well over a long-time horizon.
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.
The stock price of Manulife Financial Corp [MFC] has been fluctuating between $23.30 and $33.07 over the past year. Currently, Wall Street analysts expect the stock to reach $46 within the next 12 months. Manulife Financial Corp [NYSE: MFC] shares were valued at $31.74 at the most recent close of the market. An investor can expect a potential return of 44.93% based on the average MFC price forecast.
Analyzing the MFC fundamentals
The Manulife Financial Corp [NYSE:MFC] reported sales of 38.06B for trailing twelve months, representing a drop of -13.25%. Gross Profit Margin for this corporation currently stands at 0.53% with Operating Profit Margin at 0.37%, Pretax Profit Margin comes in at 0.12%, and Net Profit Margin reading is 0.1%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.1 and Total Capital is 0.02. 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 31.60 points at the first support level, and at 31.45 for the second support level. However, for the 1st resistance point, the stock is sitting at 31.85, and for the 2nd resistance point, it is at 31.95.
Ratios To Look Out For
It’s worth pointing out that Manulife Financial Corp [NYSE:MFC]’s Current Ratio is 196.35. Considering the valuation of this stock, the price to sales ratio is 1.43, the price to book ratio is 1.76 and price to earnings (TTM) ratio is 16.55.
