Analyst Ratings for Manulife Financial Corp. (MFC)Updated: 2017-07-28
Shares of Manulife Financial Corp. (NYSE:MFC) have received a consensus rating of Overweight from Wall Street analysts. About 30 days ago, MFC was issued an average rating of Overweight.
18 analysts issued ratings on the stock, where 10 gave MFC a buy rating, 3 gave an overweight rating, 5 issued a hold rating, 0 issued an underweight rating, and 0 issued a sell rating. Compared to three months ago, there has been an increase of 1 in the number of analysts with a positive outlook on the stock. Meanwhile, the number of analysts pessimistic about the company has increased by 0.
Many analysts weighed in on price targets for MFC. The most optimistic price target was 24.07, which equates to a potential upside of 17.7 percent. The lowest price target was 17, implying a possible loss of -16.87 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.
In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 3.69 percent. The average change in earnings estimates over the last 90 days is 5 percent. Meanwhile, fiscal year estimates have been revised upwards by 3.37 percent, compared to last month. If we look at the last 90 days instead, we find a net average change of 1.82 percent in FY estimates.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 3 analysts have revised their quarterly estimates upwards in the past 30 days, while 0 analysts revised their estimates downwards. Over the same time period, 3 analysts revised their FY earnings estimates upwards, while 0 analysts made negative revisions to their fiscal year's estimates.
MFC has an estimated earnings growth rate of 4.98 percent as forecasted by analysts. The PEG ratio of a stock is another value frequently studied by investors. Investors like to see smaller values for the PEG ratio, because people typically see that as an indicator of higher growth relative to stock price. Many investors consider PEG ratios between 0 and 1 as preferrable, but many choose to perform ratio comparisons with other companies in the industry. The PEG ratio of MFC is 2.62.
MFC has traded between a high of 20.84 and a low of 12.92 over the past year. Today's price is 58.28 percent above the 52-week low, and 1.87 percent below the high. MFC has a P/E ratio of 13.07. Investors typically compare the P/E ratio to a company's peers in the industry. The MFC value stock report compares MFC to some of its peers using value stock charts. The stock has a market capitalization of $50.47 billion. MFC will post this quarters earnings in days, on 0000-00-00.