Performance Update for Manulife Financial Corp (NYSE:MFC)


Manulife Financial Corp (NYSE:MFC) has a 1 Year Target Estimate of $15.45. The stock traded with the volume of 2.7 Million in the last trading session. Manulife Financial Corp opened at $17.05 and closed by showing an increase of 0.47%. The Bid price in the last session was $16.99 x 100 and the Ask price was $19.00 x 100. (The ask price is what sellers are willing to take for it. If you are selling a stock, you are going to get the bid price, if you are buying a stock you are going to get the ask price. The difference (or spread) goes to the broker/specialist that handles the transaction).

Manulife Financial Corp has the Market Capitalization of 34.63 Billion. The Stock has its 52-week High of $17.71 and 52-Week Low of $10.99 and it touched its 52-week high on Nov 23, 2016 and 52-Week Low on Feb 11, 2016.

Manulife Financial Corp reported its last Earnings on Nov 10 BMO where the company reported Actual EPS of $0.49/Share whereas, the Analyst Estimated EPS was $0.44/share. The difference between Actual EPS and Estimated EPS was $0.05/share. This represented an Earnings Surprise of 11.4%. The company will report its next earnings on Feb 9 – Feb 13 (Est.).

Some analyst provided their insight on Growth Estimates; Manulife Financial Corp has the Current Quarter Earnings Growth rate of -11.9%. The Next Quarter growth is expected to be -13.6%. In the past 5 years, the stock has earnings growth rate of 6.94% per annum while the Upcoming 5 year’s earnings growth rate is expected to be 7.27% per annum.

3 number of analysts also provided their insight on Manulife Financial Corp, where the Average Price Target for the stock is $15.45. They also projected Low Price Target as $14.1 while High Price Target is set at $16.32.

A number of analysts rated the stock as well: 2 analysts believe that the stock is a STRONG BUY while 1 reported it as Buy.1 analysts assigned a HOLD rating, 0 said it’s UNDERPERFORM and 0 say that this stock is a SELL.

Manulife Financial Corp annual Divided is 0.55 while it’s Dividend Yield is 3.19%. The stock has its Price to Earnings (P/E) ratio of 15.35 and Forward Price to Earnings ratio of 8.01. The company has its Price to Sales (P/S) ratio of 0.68 where Price to Book (P/B) ratio of 1.16, Price to Cash Per share (P/C) of 2.51 and Price to Free Cash Flow (P/FCF) has a value of 3.11.

The company has its Return on Assets (ROA) of 0.4 Percent. Return on Equity (ROE) stands at 7.7% and Return on Investment (ROI) displays a value of 7%.

The stock is currently trading at Distance from 20-Day simple moving Average of 7.7% whereas, Distance from 50-Day Simple moving average is 15.17 Percent and Distance from 200-Day Simple Moving Average of 23.56 percent.

A look at performance overview of Manulife Financial Corp depicts that Performance (Week) is -0.29 percent while Performance Month is 19.69%. Quarterly performance shows a value of 23.89% and Half Year Performance value stands at 18.28%. Yearly performance of the stock has the value of 8.52 percent. Manulife Financial Corp has its YTD performance of 19.31 Percent. (YTD performance is the most important factor to consider; if YTD is negative, the stock is declining; if the YTD Performance value is Positive the stock is surging).

Upgrades/Downgrades Report:

The latest Upgrades/Downgrades was done by Research firm Macquarie on 4-Aug-16 who Downgrade the stock from Outperform to Neutral. Other firms have also Upgraded/Downgraded the stock. On 4-Aug-16, CIBC took an action “Downgrade” from Sector Outperform to Sector Perform. On 23-Apr-14, the stock was Initiated to Buy by UBS.