Manulife Financial Corp. [NYSE: MFC] gained 2.23% or 0.63 points to close at $28.87 with a heavy trading volume of 3519283 shares.
The daily chart for MFC points out that the company has recorded 18.42% gains over the past six months.
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If we look at the average trading volume of 2.01M shares, MFC reached to a volume of 3519283 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 Corp. [MFC]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for MFC shares is $29.02 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 1.82. 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.
Barclays have made an estimate for Manulife Financial Corp. shares, keeping their opinion on the stock as Equal Weight, with their previous recommendation back on September 05, 2024. The new note on the price target was released on May 09, 2024, representing the official price target for Manulife Financial Corp. stock.
The Average True Range (ATR) for Manulife Financial Corp. is set at 0.48, with the Price to Sales ratio for MFC stock in the period of the last 12 months amounting to 1.37. The Price to Book ratio for the last quarter was 1.67. Price to Free Cash Flow for MFC in the course of the last twelve months was 3.00.
Trading performance analysis for MFC stock
Manulife Financial Corp. [MFC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.29. With this latest performance, MFC shares gained by 10.74% in over the last four-week period, additionally plugging by 18.42% over the last 6 months – not to mention a rise of 47.30% 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 74.17, with the RSI for the last a single of trading hit 80.97, and the three-weeks RSI is set at 69.05 for Manulife Financial Corp. [MFC]. The present Moving Average for the last 50 days of trading for this stock 26.55, while it was recorded at 28.35 for the last single week of trading, and 24.46 for the last 200 days.
Manulife Financial Corp. [MFC]: A deeper dive into fundamental analysis
Manulife Financial Corp.’s liquidity data is similarly interesting compelling, with a Current Ratio set at 88.82.
Manulife Financial Corp. [MFC]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Manulife Financial Corp. posted 0.68/share EPS, while the average EPS was predicted by analysts to be reported at 0.61/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.07. 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 Corp. go to 2.84%.
An analysis of Institutional ownership at Manulife Financial Corp. [MFC]
There are presently around $59.97%, or 59.99%% of MFC stock, in the hands of institutional investors. The top three institutional holders of MFC stocks are: ROYAL BANK OF CANADA with ownership of 160.79 million shares, which is approximately 8.9081%. VANGUARD GROUP INC, holding 73.26 million shares of the stock with an approximate value of $$1.95 billion in MFC stocks shares; and VANGUARD GROUP INC, currently with $$1.41 billion in MFC stock with ownership which is approximately 2.9399%.
