As of Friday close, Manulife Financial Corporation’s (NYSE:MFC) stock was up $0.18, moving up 0.94 percent to $19.40. The average number of shares traded per day over the past five days has been 4,807,480 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.48 fall in that time frame. In the last twenty days, the average volume was 3,339,150, while in the previous 50 days, it was 3,195,888.
Since last month, MFC stock rose 5.49%. Shares of the company fell to $18.32 on 07/10/23, the lowest level in the past month. A 52-week high of $20.40 was reached on 02/16/23 after having rallying from a 52-week low of $14.92. Since the beginning of this year, MFC’s stock price has risen by 8.74% or $1.56, and marked a new high 15 times. However, the stock has declined by -4.90% since its 52-week high.
Valuation Metrics
Right now, Manulife Financial Corporation (MFC) has a P/E ratio of about 8.87. The stock’s beta is 1.11. Besides these, the trailing price-to-sales (P/S) ratio of 1.70, the price-to-book (PB) ratio of 1.18, and the price-to-cash flow ratio of 3.06 may also be considered.
The latest dividend of $0.2690 per share was paid out, which is -1.82% less than last year’s $0.2740. On Wednesday May 10 2023, a $0.0050 dividend decrease was announced.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 0.33, and the total debt-to-equity ratio was 0.33. Based on annual data, MFC earned $6.73 billion in gross profit and brought in $13.19 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 16.30%. Return on equity (ROE) for the past 12 months was 12.40%.
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 $0.61 quarterly earnings, the actual figure was $0.6 per share, beating the consensus estimate by -1.60%. During the quarter, the company generated $5.12 billion in EBITDA.
Technical Picture
This quick technical analysis looks at Manulife Financial Corporation’s (MFC) price momentum. With a historical volatility rate of 16.28%, the RSI 9-day stood at 48.71% on 04 August.
With respect to its five-day moving average, the current Manulife Financial Corporation price is down by -2.41% percent or -$0.48. At present, MFC shares trade +4.70% above its 20-day simple moving average and +5.15% percent above its 100-day simple moving average. However, the stock is currently trading approximately +2.54% above its SMA50 and +21.02% above its SMA200.
Stochastic coefficient K was 33.10% and Stochastic coefficient D was 49.01%, while ATR was 0.30. Given the Stochastic reading of 33.64% for the 14-day period, the RSI (14) reading has been calculated as 51.96%. As of today, the MACD Oscillator reading stands at -0.38, while the 14-day reading stands at -0.30.
Analyst Ratings
Credit Suisse launched its rating on Manulife Financial Corporation (NYSE: MFC) to a Neutral in a note to investors on January 12, 2023. Manulife Financial Corporation (MFC) has been rated Overweight by analysts. According to 1 brokerage firm, MFC is a sell, and 8 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate Manulife Financial Corporation stock as buy, with 4 recommending it as overweight.
With a median target price of $21.58, the current consensus forecast for the stock is $17.98 – $26.57. Based on these forecasts, analysts predict Manulife Financial Corporation (MFC) will achieve an average price target of $21.88.
