Analysis Of The Weekly Performance Of Manulife Financial Corporation (MFC)

Manulife Financial Corporation (NYSE:MFC) finished Tuesday with a subtraction of -$0.27 to close at $19.34, a downside of -1.38 percent. An average of 3,578,580 shares of common stock have been traded in the last five days. There was a fall of -$0.07 in the past week. The last 20 days have seen an average of 3,175,405 shares traded, while the 50-day average volume stands at 3,319,834.

MFC stock has decreased by -0.62% in the last month. The company shares reached their 1-month lowest point of $18.31 on 09/20/21. With the stock rallying to its 52-week high on 03/18/21, shares of the company touched a low of $13.13 and a high of $22.25 in 52 weeks. In spite of this, the price is down -13.08% from the 52-week high.

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Valuation Metrics

Manulife Financial Corporation (MFC) has a trailing price-to-earnings (P/E) ratio of 6.73, which compares with the 13.00 for the broader industry and 12.73 for the sector. This means investors are optimistic about the stock’s future prospects. In the last five years, Manulife Financial Corporation’s PE ratio has ranged between 30.45 and 4.270. The stock’s beta is 1.35. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.88, the price-to-book (PB) ratio at 1.01, and the price-to-cash flow ratio at 2.57.

Manulife Financial Corporation pays a $0.90 dividend per share annually. It offers a dividend yield of 4.65%. The company has a payout ratio of 38.90%. The company’s most recent quarterly dividend payment took place on Sep. 20, and it was $0.2233 a share, representing a down of -2.33 from $0.2285 last year. Its latest decrease dividend $0.0052 reported on Friday August 6 2021. Dividends have grown by 32.64% each year over the last three years.

Manulife Financial Corporation will next go ex-dividend on 22-Nov. The next dividend payment Manulife Financial Corporation will make is expected to be $0.28.

Further, the company has a long term debt to equity ratio of 0.25 and a total debt to equity ratio of 0.25 for the quarter ending June 29. Its gross profit as reported stood at $5.05 billion compared to revenue of $58.9 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Manulife Financial Corporation’s return on assets was 0.80%, compared to 0.5% over the last five years. Meanwhile, the return on equity (ROE) for the past 12 months has been 15.10% and the 5-year average holds at 9.7%. For the broader industry, ROE averaged 11.41 over the past year.

Earnings Surprise

In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $60.95 billion in the quarter, while revenues of $0.0 were grew 51.02%. The analyst consensus anticipated Manulife Financial Corporation’s latest quarter earnings to come in at $0.62 per share, but it turned out to be $0.66, a 6.50% surprise. For the quarter, EBITDA amounted to $11.93 billion. At the end of the quarter ending June 29, Manulife Financial Corporation’s stock balance sheet showed total debt was $21.29 billion.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Manulife Financial Corporation (MFC) price momentum. RSI 9-day as of the close on 05 October was 48.75%, suggesting the stock is Neutral, with historical volatility in this time frame at 18.19%.

As of today, MFC’s price is $19.41 -0.36% or -$0.07 from its 5-day moving average. MFC is currently trading -0.26% lower than its 20-day SMA and -10.63% lower than its 100-day SMA. However, the stock’s current price level is +1.90% above the SMA50 and +11.41% above the SMA200.

The stochastic %K and %D were 75.69% and 73.81%, respectively, and the average true range (ATR) was 0.38. With the 14-day stochastic at 68.90% and the average true range at 0.38, the RSI (14) stands at 48.78%. The stock has reached 0.01 on the 9-day MACD Oscillator while the 14-day reading was at 0.21.

Analyst Ratings

Credit Suisse downgraded Manulife Financial Corporation (NYSE: MFC) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as a an Outperform.The consensus rating for Manulife Financial Corporation (MFC) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell MFC, while 8 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 4 analysts, while 6 others rate it as a “buy”.

What is MFC’s price target for the next 12 months?

Analysts predict a range of price targets between $21.26 and $28.42, with a median target of $23.24. Taking a look at these predictions, the average price target given by analysts for Manulife Financial Corporation (MFC) stock is $23.74.


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