Manulife Financial Now Covered by Analysts at TD Securities (MFC)
Equities researchers at TD Securities initiated coverage on shares of Manulife Financial (NYSE:MFC) in a research report issued on Friday, TheFlyOnTheWall.com reports. The firm set a “buy” rating on the stock.
Manulife Financial (NYSE:MFC) traded down 0.52% during mid-day trading on Friday, hitting $17.24. 185,146 shares of the company’s stock traded hands. Manulife Financial has a 52 week low of $11.10 and a 52 week high of $18.16. The stock’s 50-day moving average is $17.08 and its 200-day moving average is $15.85. The company has a market cap of $31.687 billion and a price-to-earnings ratio of 21.29.
Manulife Financial (NYSE:MFC) last released its earnings data on Thursday, August 8th. The company reported $0.31 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.33 by $0.02. During the same quarter in the prior year, the company posted ($0.18) earnings per share.
MFC has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Manulife Financial in a research note to investors on Friday, October 11th. They now have a $18.00 price target on the stock. Finally, analysts at Cormark downgraded shares of Manulife Financial to a “market perform” rating in a research note to investors on Friday, August 9th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $17.67.
Manulife Financial Corporation (NYSE:MFC) is a Canada-based financial services group serving customers in 22 countries and territories around the world.
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