Manulife Financial Corp [NYSE: MFC] closed the trading session at $32.44.
The stocks have a year to date performance of 46.79 percent and weekly performance of 3.64 percent. The stock has been moved at 24.05 percent over the last six months. The stock has performed 6.99 percent around the most recent 30 days and changed 24.77 percent over the most recent 3-months.
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If compared to the average trading volume of 1.86M shares, MFC reached to a volume of 4738077 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say 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 $32.83 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 1.76. 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 0.59, with the Price to Sales ratio for MFC stock in the period of the last 12 months amounting to 1.94. The Price to Book ratio for the last quarter was 1.80. Price to Free Cash Flow for MFC in the course of the last twelve months was 4.27.
MFC stock trade performance evaluation
Manulife Financial Corp [MFC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.64. With this latest performance, MFC shares gained by 6.99% in over the last four-week period, additionally plugging by 24.05% over the last 6 months – not to mention a rise of 74.13% 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 70.46, with the RSI for the last a single of trading hit 72.63, and the three-weeks RSI is set at 69.03 for Manulife Financial Corp [MFC]. The present Moving Average for the last 50 days of trading for this stock 29.69, while it was recorded at 32.29 for the last single week of trading, and 26.19 for the last 200 days.
Manulife Financial Corp [MFC]: An insightful look at the core fundamentals
Manulife Financial Corp’s liquidity data is similarly interesting compelling, with a Current Ratio set at 88.82.
Earnings per share (EPS) analysis for Manulife Financial Corp [MFC] stock
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%.
Manulife Financial Corp [MFC]: Institutional Ownership
There are presently around $59.73%, or 59.74%% 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 160.69 million shares, which is approximately 8.9027%. 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%.
