Manulife Financial Corp. Given Consensus Recommendation of “Buy” by Brokerages (TSE:MFC)
Shares of Manulife Financial Corp. (TSE:MFC) have earned a consensus rating of “Buy” from the eleven ratings firms that are presently covering the company, Analyst Ratings Network.com reports. One analyst has rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is C$22.63.
MFC has been the subject of a number of recent research reports. Analysts at Goldman Sachs initiated coverage on shares of Manulife Financial Corp. in a research note on Thursday, June 26th. They set a “neutral” rating on the stock. Analysts at Canaccord Genuity initiated coverage on shares of Manulife Financial Corp. in a research note on Monday, May 26th. They set a “buy” rating and a C$22.00 price target on the stock.
Manulife Financial Corp. (TSE:MFC) opened at 22.06 on Tuesday. Manulife Financial Corp. has a 1-year low of $16.86 and a 1-year high of $22.22. The stock’s 50-day moving average is $21.15 and its 200-day moving average is $20.94. The company has a market cap of $40.899 billion and a P/E ratio of 12.38.
Manulife Financial Corp. (TSE:MFC) last announced its earnings results on Friday, May 2nd. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by $0.03. Analysts expect that Manulife Financial Corp. will post $1.61 EPS for the current fiscal year.
Manulife Financial Corporation (TSE:MFC) is a Canada-based financial services group with principal operations in Asia, Canada and the United States.
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