Analyst Revises Manulife Financial Corp (NYSE:MFC) Stock Target


Manulife Financial Corp (NYSE:MFC) mean price target has been set at $15.630 by Thomson Reuters. The group worked out on the stock recommendations given by analysts in the First Call poll. Further, it is possible that the company may register per share earnings of $0.360 in the near-term quarter and $1.360 for the ongoing fiscal. The market cap of Manulife Financial Corporation was recorded at $27.45B after the stock closed at $13.740 in last trading day.

What The Valuation Says?

The price/earnings ratio is taken in the list of ratios that leads to a stock’s valuation. Commonly named as P/E ratio, it helps investors know where the company stands in the market. It is derived by dividing share’s latest price by per-share earnings. Manulife Financial Corp (NYSE:MFC) has a P/E ratio of 14.272. Investors can identify how the stock is doing in the market by estimating Price-to-Earnings Growth ratio.

Manulife Financial Corp (NYSE:MFC) PEG ratio sits at 1.750. A low PEG ratio offers an investment opportunity to the opportunistic traders and investors. In case a stock has a reading in between 0 and 1, it represents undervalued stock. A reading of 1 and 2 represents fairly priced stocks.

Technical Perspective

The technical analysis of Manulife Financial Corporation visibly illustrates that the 50-day MA of Manulife Financial Corporation is $13.505, and stock is trading $0.410 points away or +3.038% from its 50-day moving average of $13.505. Further it is trading $0.010 or +0.070% away its 200-day moving average of $13.905. Manulife Financial Corp (NYSE:MFC) 52-week high is $17.170 and the 52-week low is $10.990. This represents that if the stock moves $-3.255 points up on the chart to it will make a 52-week high. But, if it declines +26.615%, then the shares price can hit a new 52-week low.

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