This Analyst Recently Issued Research Note On Manulife Financial Corporation (MFC)

As of Friday close, Manulife Financial Corporation’s (NYSE:MFC) stock was up $0.68, moving up 4.06 percent to $17.44. The average number of shares traded per day over the past five days has been 6,439,680 shares. 3 times new highs have been achieved over the past 5 days, with a -$1.93 fall in that time frame. In the last twenty days, the average volume was 4,673,435, while in the previous 50 days, it was 4,444,984.

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Since last month, MFC stock retreated -18.35%. Shares of the company fell to $16.63 on 05/12/22, the lowest level in the past month. A 52-week high of $22.19 was reached on 02/10/22 after having rallying from a 52-week low of $16.63. Since the beginning of this year, MFC’s stock price has dropped by -8.55% or -$1.63, and marked a new high 15 times. However, the stock has declined by -21.41% since its 52-week high.

Valuation Metrics

Right now, Manulife Financial Corporation (MFC) has a P/E ratio of about 6.32. The stock’s beta is 1.22. Besides these, the trailing price-to-sales (P/S) ratio of 0.73, the price-to-book (PB) ratio of 0.85, and the price-to-cash flow ratio of 2.12 may also be considered.

The latest dividend of $0.2570 per share was paid out, which is -1.15% less than last year’s $0.26. On Wednesday May 11 2022, a $0.0030 dividend decrease was announced.

Financial Health

According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.23, and the total debt-to-equity ratio was 0.23. Based on annual data, MFC earned $6.48 billion in gross profit and brought in $49.33 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 12.60%. Return on equity (ROE) for the past 12 months was 14.40%.

According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. MFC’s revenue rose 51.02% during the quarter, while net income inched up to $60.95 billion. While analysts expected Manulife Financial Corporation to report $0.62 quarterly earnings, the actual figure was $0.6 per share, beating the consensus estimate by -3.20%. During the quarter, the company generated -$12.47 billion in EBITDA.

Technical Picture

This quick technical analysis looks at Manulife Financial Corporation’s (MFC) price momentum. With a historical volatility rate of 63.87%, the RSI 9-day stood at 27.52% on 13 May.

With respect to its five-day moving average, the current Manulife Financial Corporation price is down by -9.96% percent or -$1.93. At present, MFC shares trade -18.35% below its 20-day simple moving average and -2.73% percent below its 100-day simple moving average. However, the stock is currently trading approximately -13.19% below its SMA50 and -10.24% below its SMA200.

Stochastic coefficient K was 9.88% and Stochastic coefficient D was 6.47%, while ATR was 0.69. Given the Stochastic reading of 23.34% for the 14-day period, the RSI (14) reading has been calculated as 29.16%. As of today, the MACD Oscillator reading stands at -1.14, while the 14-day reading stands at -1.42.

Analyst Ratings

Manulife Financial Corporation downgraded its rating on Manulife Financial Corporation (NYSE: MFC) to a Hold in a note to investors on May 13, 2022. The analysts firm previously had a Buy rating on the stock.Manulife Financial Corporation (MFC) has been rated Hold by analysts. According to 1 brokerage firm, MFC is a sell, and 10 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 3 analysts rate Manulife Financial Corporation stock as buy, with 2 recommending it as overweight.

With a median target price of $20.73, the current consensus forecast for the stock is $17.66 – $26.11. Based on these forecasts, analysts predict Manulife Financial Corporation (MFC) will achieve an average price target of $21.69.


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