Manulife Financial Corporation [MFC] is 5.89% higher this YTD. Is it still time to buy?

Manulife Financial Corporation [NYSE: MFC] gained 0.48% or 0.09 points to close at $18.89 with a heavy trading volume of 3670947 shares. The company report on September 7, 2023 at 10:15 AM that Manulife Appoints Maryscott Greenwood as Global Head of Government Relations.

C$ unless otherwise stated                                                    TSX/NYSE/PSE: MFC     SEHK: 945.

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Manulife today announced the appointment of Maryscott (Scotty) Greenwood as Global Head of Government Relations, effective October 16, 2023. Ms. Greenwood will focus her advocacy and education efforts nationally and internationally around company interests, enabling new business opportunities, and growing shareholder value. She will serve as a member of the company’s Global Leadership Team, reporting to Manulife General Counsel James D. Gallagher.

It opened the trading session at $18.81, the shares rose to $18.99 and dropped to $18.77, the range by which the price of stock traded the whole day. The daily chart for MFC points out that the company has recorded 2.38% gains over the past six months. However, it is still -26.61% lower than its most recent low trading price.

If we look at the average trading volume of 3.42M shares, MFC reached to a volume of 3670947 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about 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 $21.44 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 2.00. 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.

Credit Suisse have made an estimate for Manulife Financial Corporation shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on January 12, 2023.

The Average True Range (ATR) for Manulife Financial Corporation is set at 0.30, with the Price to Sales ratio for MFC stock in the period of the last 12 months amounting to 1.23. The Price to Book ratio for the last quarter was 1.22, with the Price to Cash per share for the same quarter was set at 8.37. Price to Free Cash Flow for MFC in the course of the last twelve months was 2.48.

Trading performance analysis for MFC stock

Manulife Financial Corporation [MFC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.89. With this latest performance, MFC shares dropped by -2.93% in over the last four-week period, additionally plugging by 2.38% over the last 6 months – not to mention a rise of 6.24% 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 56.52, with the RSI for the last a single of trading hit 64.39, and the three-weeks RSI is set at 52.95 for Manulife Financial Corporation [MFC]. The present Moving Average for the last 50 days of trading for this stock 18.90, while it was recorded at 18.62 for the last single week of trading, and 18.85 for the last 200 days.

Manulife Financial Corporation [MFC]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Manulife Financial Corporation [MFC] shares currently have an operating margin of +67.35. Manulife Financial Corporation’s Net Margin is presently recorded at +45.89.

Return on Total Capital for MFC is now 15.07, given the latest momentum, and Return on Invested Capital for the company is 10.52. Return on Equity for this stock inclined to 12.74, with Return on Assets sitting at 0.87. When it comes to the capital structure of this company, Manulife Financial Corporation [MFC] has a Total Debt to Total Equity ratio set at 22.04. Additionally, MFC Total Debt to Total Capital is recorded at 18.06, with Total Debt to Total Assets ending up at 1.54. Long-Term Debt to Equity for the company is recorded at 25.01, with the Long-Term Debt to Total Capital now at 18.06.

Reflecting on the efficiency of the workforce at the company, Manulife Financial Corporation [MFC] managed to generate an average of $182,350 per employee.

Manulife Financial Corporation [MFC]: An earnings per share (EPS) analysis

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 11.70%.

An analysis of Institutional ownership at Manulife Financial Corporation [MFC]

The top three institutional holders of MFC stocks are: VANGUARD GROUP INC with ownership of 1.31 billion shares, which is approximately 8.2089%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $170.67 trillion in MFC stocks shares; and BERKSHIRE HATHAWAY INC, currently with $150.98 trillion in MFC stock with ownership which is approximately 5.7381%.

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