Manulife Financial (TSE: MFC) based on average brokerage “hold” rating

0


Stocks of Manulife Financial Co. (TSE: MFC) (NYSE: MFC) received an average recommendation of “Hold” by the twelve research companies that currently cover the stock, reports MarketBeat. Five equity research analysts rated the stock with a hold recommendation, one gave the company a buy recommendation, and one gave the company a strong buy recommendation. The 12-month average price target among brokers who reported on the stock in the past year is C $ 31.15.

Several research companies have recently published reports on CFMs. Canaccord Genuity raised its price target for Manulife Financial shares from C $ 29.50 to C $ 30.00 in a report released on Friday August 6. TD Securities raised its price target for Manulife Financial from C $ 35.00 to C $ 36.00 and assigned the company a “buy on share list” rating in a report released on Thursday August 5th. CIBC reiterated a “neutral” rating and issued a price target of C $ 27.00 for Manulife Financial shares in a research report released on Wednesday, June 30. Credit Suisse Group downgraded Manulife Financial from an “outperforming” rating to a “neutral” rating in a research report published on Tuesday, August 10. Finally, Barclays raised its target price on Manulife Financial to C $ 38.50 and assigned the stock a “na” rating in a research report on Monday, July 12.

In other news from Manulife Financial, director Sebastian Pariath sold 2,767 shares of the company in a trade on Wednesday, August 18. The stock was sold for an average price of C $ 26.27, for a total value of C $ 72,683.56. Additionally, senior executive Steve Finch sold 12,896 shares of the company in a trade on Monday, August 16. The shares were sold for an average price of C $ 25.00, for a total value of C $ 322,455.45. After the sale closes, the insider now owns 9,120 shares of the company, valued at C $ 228,039.22. In the past 90 days, insiders have sold 36,910 shares of the company valued at $ 926,405.

(A d)

The explosive rise in tech stocks we saw in 2020 is just the start …

“The Earnings Whisperer” Louis Navellier posted a video detailing several key steps he believes every American should take right now.

IS: MFC opened for C $ 24.43 on Friday. The company has a current ratio of 6.02, a quick ratio of 2.88 and a debt ratio of 39.24. Manulife Financial has a one-year minimum at C $ 17.58 and a one-year maximum at C $ 27.68. The company’s fifty-day simple moving average is C $ 24.56 and its 200-day simple moving average is C $ 25.35. The company has a market capitalization of 47.45 billion Canadian dollars and a PE ratio of 6.71.

Manulife Financial (TSE: MFC) (NYSE: MFC) last released its quarterly results on Wednesday, August 4. The financial services provider reported EPS of C $ 0.83 for the quarter, beating analyst consensus estimates of C $ 0.78 by C $ 0.05. The company reported sales of C $ 25.82 billion for the quarter. As a group, analysts expect Manulife Financial to post 3.5092529 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, September 20. Shareholders of record on Tuesday August 17 received a dividend of $ 0.28. This represents an annualized dividend of $ 1.12 and a dividend yield of 4.58%. The ex-dividend date of this dividend was Monday August 16. Manulife Financial’s payout ratio is 30.77%.

About Manulife Financial

Manulife Financial Corporation, together with its subsidiaries, provides financial products and services in Asia, Canada, the United States and abroad. The company operates through wealth and asset management companies; Insurance and annuity products; And the Business and Other segments. The Wealth and Asset Management Activities segment provides mutual funds and exchange traded funds, group retirement and savings products, as well as institutional asset management services through agents and brokers affiliated with the company, brokerage firms and financial advisers, pension consultants and banks.

See also: What is the ex-dividend date in the investment?

Analyst Recommendations for Manulife Financial (TSE: MFC)

This instant news alert was powered by storytelling technology and MarketBeat financial data to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Should you invest $ 1,000 in Manulife Financial now?

Before you consider Manulife Financial, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat identified the five stocks that top analysts quietly whisper to their clients to buy now before the market in general takes hold … and Manulife Financial was not on the list.

While Manulife Financial currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the 5 actions here


Share.

Comments are closed.