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, implying potential capital gains of 17.7 percent. The most pessimistic price target was 17, implying a possible loss of -16.87 percent. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.
In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 3.69 percent. This can be compared with the average change in earnings estimates over the past 3 months, which 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.
Another thing investors often look at is the level of agreement among analysts' revisions. 3 analysts have revised their quarterly estimates upwards in the past 30 days, while 0 analysts made negative revisions. Also over the last month, 3 analysts increased their estimates for the FY earnings, while 0 analysts made negative revisions to their fiscal year's estimates.
The growth rate of MFC's earnings is estimated by analysts to be 4.98 percent. It's possible to gain additional insight about growth valuation of a company by looking at the PEG ratio. 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. Wall Street investors typically prefer a PEG ratio to be smaller than 1, even though it may be more relevant to compare the ratio to that of a firm's competitors. MFC has a PEG ratio of 2.62.
In the trailing 52-weeks, MFC hit 20.84 at the highest peak, while it's lowest trading point was 12.92. The current market price is above the trailing year's low by 58.28 percent, and below the high by 1.87 percent. MFC has a price/earnings 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 market cap of MFC is $50.47 billion. MFC's next earnings release will be on 0000-00-00, which is days away.