Manulife Financial Corporation [MFC] Stock trading around $18.74 per share: What’s Next?

Manulife Financial Corporation [NYSE: MFC] price surged by 1.68 percent to reach at $0.31. The company report on December 30, 2022 that Manulife Investment Management announces final reinvested capital gains distributions for Manulife Exchange Traded Funds.

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A sum of 4330558 shares traded at recent session while its average daily volume was at 3.49M shares. Manulife Financial Corporation shares reached a high of $18.80 and dropped to a low of $18.42 until finishing in the latest session at $18.74.

The one-year MFC stock forecast points to a potential downside of -4.58. The average equity rating for MFC stock is currently 2.50, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on Manulife Financial Corporation [MFC]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MFC shares is $17.92 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on MFC stock is a recommendation set at 2.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Scotiabank have made an estimate for Manulife Financial Corporation shares, keeping their opinion on the stock as Sector Outperform, with their previous recommendation back on July 27, 2022. The new note on the price target was released on May 13, 2022, representing the official price target for Manulife Financial Corporation stock.

The Average True Range (ATR) for Manulife Financial Corporation is set at 0.34, with the Price to Sales ratio for MFC stock in the period of the last 12 months amounting to 2.18. The Price to Book ratio for the last quarter was 1.01, with the Price to Cash per share for the same quarter was set at 8.35. Price to Free Cash Flow for MFC in the course of the last twelve months was 2.82.

MFC Stock Performance Analysis:

Manulife Financial Corporation [MFC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.57. With this latest performance, MFC shares gained by 5.70% in over the last four-week period, additionally plugging by 8.51% over the last 6 months – not to mention a drop of -7.37% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for MFC stock in for the last two-week period is set at 65.56, with the RSI for the last a single of trading hit 70.16, and the three-weeks RSI is set at 62.49 for Manulife Financial Corporation [MFC]. The present Moving Average for the last 50 days of trading for this stock 17.61, while it was recorded at 18.37 for the last single week of trading, and 17.91 for the last 200 days.

Insight into Manulife Financial Corporation Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Manulife Financial Corporation [MFC] shares currently have an operating margin of +14.48. Manulife Financial Corporation’s Net Margin is presently recorded at +12.01.

Return on Equity for this stock inclined to 12.83, with Return on Assets sitting at 0.83.

MFC Stock EPS

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for MFC. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Manulife Financial Corporation go to 7.40%.

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