Manulife Financial Corp [NYSE: MFC] loss -1.23% on the last trading session, reaching $32.17 price per share at the time.
If compared to the average trading volume of 1.97M shares, MFC reached a trading volume of 4708981 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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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 $33.12 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 1.67. 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 0.61, with the Price to Sales ratio for MFC stock in the period of the last 12 months amounting to 1.93. The Price to Book ratio for the last quarter was 1.78. Price to Free Cash Flow for MFC in the course of the last twelve months was 4.24.
Trading performance analysis for MFC stock
Manulife Financial Corp [MFC] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.83. With this latest performance, MFC shares gained by 6.95% in over the last four-week period, additionally plugging by 22.46% over the last 6 months – not to mention a rise of 66.77% 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 61.24, with the RSI for the last a single of trading hit 58.51, and the three-weeks RSI is set at 62.40 for Manulife Financial Corp [MFC]. The present Moving Average for the last 50 days of trading for this stock 30.20, while it was recorded at 32.52 for the last single week of trading, and 26.45 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
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 $58.64%, or 58.66%% 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%.
