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 highest price target was 24.07, implying potential capital gains of 17.7 percent. The most pessimistic price target was 17, implying a possible loss of -16.87 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.

Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 3.69 percent. That number becomes 5 percent if we expand the time horizon to include the past 3 months instead of just one. Meanwhile, fiscal year estimates have been revised upwards by 3.37 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 1.82 percent.

People are often interested in whether analysts were united in the direction of their revisions. 3 analysts made positive revisions to their quarterly estimates over the past month, while 0 analysts made negative revisions. During this time, 3 analysts made positive revisions in their estimates for this fiscal year's earnings, while 0 analysts decreased their 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. A lower PEG ratio is favorable, because people typically see that as an indicator of higher growth relative to stock price. People often look for the PEG ratio to be under 1, although it is frequently more appropriate to compare PEG ratios to the company's peers. MFC has a PEG ratio of 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's next earnings release will be on 0000-00-00, which is days away.