Manulife Financial Corporation (NYSE: MFC) is -34.94% lower on its value in year-to-date trading and has touched a low of $8.62 and a high of $21.23 in the current 52-week trading range. The MFC stock was last observed hovering at around $13.20 in the recent trading session, with the current gains setting it 0.14% off its average median price target of $16.40 for the next 12 months. It is also 35.12% off the consensus price target high of $20.56 offered by 17 analysts, but current levels are -3.98% lower than the price target low of $12.83 for the same period.
Even if you’re not actively in crypto, you deserve to know what’s actually going on...
Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.
Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.
At last check, trading at $13.34, the stock is -1.82% and 2.95% above its SMA20 and SMA50 respectively. However, with a current trading volume of 0.61 million and changing 1.06% at the moment leaves the stock -18.27% off its SMA200. MFC registered -28.34% loss for a year compared to 6-month loss of -36.69%. The firm has a 50-day simple moving average (SMA 50) of $13.45 and a 200-day simple moving average (SMA200) of $15.12.
The stock witnessed a -11.35% gain in the last 1 month and extending the period to 3 months gives it a 7.93%, and is -0.90% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.80% over the week and 3.29% over the month.
Manulife Financial Corporation (MFC) has around 35000 employees, a market worth around $25.59B and $56.09B in sales. Current P/E ratio is 7.71 and Fwd P/E is 4.42. Profit margin for the company is 6.00%. Distance from 52-week low is 54.76% and -37.16% from its 52-week high. The company has generated returns on investments over the last 12 months (11.90%).
Manulife Financial Corporation (MFC) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Manulife Financial Corporation (MFC) is a “Overweight”. 17 analysts offering their recommendations for the stock have an average rating of 1.50, where 5 rate it as a Hold and 2 think it is a “Overweight”. 10 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Manulife Financial Corporation is expected to release its quarterly report on 08/05/2020 and quarterly earnings per share for the current quarter are estimated at $0.5 with sales reaching $9.42B over the same period.The EPS is expected to grow by 27.60% this year, but quarterly earnings will post -9.60% year-over-year. Quarterly sales are estimated to shrink -11.70% in year-over-year returns.
Manulife Financial Corporation (MFC) Top Institutional Holders
759 institutions hold shares in Manulife Financial Corporation (MFC), with 252.13k shares held by insiders accounting for 0.01% while institutional investors hold 55.51% of the company’s shares. The shares outstanding are 1.94B, and float is at 1.94B with Short Float at 0.56%. Institutions hold 55.51% of the Float.
The top institutional shareholder in the company is Royal Bank of Canada with over 142.73 million shares valued at $1.79 billion. The investor’s holdings represent 7.36% of the MFC Shares outstanding. As of Mar 30, 2020, the second largest holder is Bank of Montreal/Can/ with 79.87 million shares valued at $1.0 billion to account for 4.12% of the shares outstanding. The other top investors are Vanguard Group, Inc. (The) which holds 60.22 million shares representing 3.10% and valued at over $755.12 million, while TD Asset Management, Inc holds 2.38% of the shares totaling 46.2 million with a market value of $579.36 million.
Manulife Financial Corporation (MFC): Who are the competitors?
The company’s main competitors (and peers) include Aegon N.V. (AEG) that is trading -41.26% down over the past 12 months. Short interest in the company’s stock has risen 10.11% from the last report on May 14, 2020 to stand at a total of 9.69 million short shares sold with a short interest ratio of 2.65.