Manulife Financial Sets New 1-Year High at $20.13 (MFC)
Manulife Financial (NYSE:MFC)’s share price reached a new 52-week high during trading on Thursday, ARN reports. The stock traded as high as $20.13 and last traded at $20.09, with a volume of 3,430,173 shares traded. The stock had previously closed at $19.76.
Several analysts have recently commented on the stock. Analysts at RBC Capital initiated coverage on shares of Manulife Financial in a research note to investors on Friday, January 3rd. They set an “outperform” rating and a $23.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Manulife Financial in a research note to investors on Friday, December 13th. They now have a $19.00 price target on the stock. Finally, analysts at Desjardins initiated coverage on shares of Manulife Financial in a research note to investors on Thursday, December 12th. They set a “buy” rating on the stock. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Manulife Financial presently has an average rating of “Buy” and an average target price of $20.33.
Manulife Financial has a one year low of $13.43 and a one year high of $19.89. The stock has a 50-day moving average of $19.20 and a 200-day moving average of $17.68. The company has a market cap of $37.321 billion and a P/E ratio of 13.53.
Manulife Financial (NYSE:MFC) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.35 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.35. The company had revenue of $11.30 billion for the quarter, compared to the consensus estimate of $11.34 billion. During the same quarter in the prior year, the company posted $0.29 earnings per share. The company’s quarterly revenue was up 54.4% on a year-over-year basis. Analysts expect that Manulife Financial will post $1.41 EPS for the current fiscal year.
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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