Manulife Financial Hits New 12-Month High at $20.48 (MFC)
Manulife Financial (NYSE:MFC)’s share price reached a new 52-week high during trading on Thursday , AnalystRatingsNetwork reports. The stock traded as high as $20.48 and last traded at $20.33, with a volume of 866,287 shares traded. The stock had previously closed at $20.07.
MFC has been the subject of a number of recent research reports. Analysts at Goldman Sachs initiated coverage on shares of Manulife Financial in a research note on Thursday, June 26th. They set a “neutral” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Manulife Financial in a research note on Wednesday, June 25th. They now have a $21.00 price target on the stock. Finally, analysts at BNP Paribas initiated coverage on shares of Manulife Financial in a research note on Thursday, June 12th. They set a “buy” rating on the stock. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Manulife Financial presently has an average rating of “Buy” and a consensus target price of $22.25.
The stock’s 50-day moving average is $19.00 and its 200-day moving average is $19.05. The company has a market cap of $37.692 billion and a price-to-earnings ratio of 12.20.
Manulife Financial (NYSE:MFC) last released its earnings data on Thursday, May 1st. The company reported $0.42 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.36 by $0.06. The company had revenue of $14.24 billion for the quarter, compared to the consensus estimate of $11.12 billion. During the same quarter in the prior year, the company posted $0.32 earnings per share. The company’s quarterly revenue was up 144.0% on a year-over-year basis. Analysts expect that Manulife Financial will post $1.61 EPS for the current fiscal year.
Manulife Financial Corporation (NYSE:MFC) is a Canada-based financial services group with principal operations in Asia, Canada and the United States.