Manulife Financial (MFC) Stock Forecast & Price Target

C$45.37 -0.29 (-0.64%)

(As of 11/22/2024 ET)

Manulife Financial - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 13 Analyst Ratings

Sell
1

Hold
3

Buy
9

Based on 13 Wall Street analysts who have issued ratings for Manulife Financial in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 13 analysts, 1 has given a sell rating, 3 have given a hold rating, 8 have given a buy rating, and 1 has given a strong buy rating for MFC.

Consensus Price Target

C$43.45
-4.22% Downside

According to the 13 analysts' twelve-month price targets for Manulife Financial, the average price target is C$43.45. The highest price target for MFC is C$49.00, while the lowest price target for MFC is C$36.00. The average price target represents a forecasted downside of -4.22% from the current price of C$45.37.

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MFC Analyst Ratings Over Time

Type	Current Forecast 11/25/23 to 11/24/24	1 Month Ago 10/26/23 to 10/25/24	3 Months Ago 8/27/23 to 8/26/24	1 Year Ago 11/25/22 to 11/25/23
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	8 Buy rating(s)	8 Buy rating(s)	7 Buy rating(s)	1 Buy rating(s)
Hold	3 Hold rating(s)	3 Hold rating(s)	2 Hold rating(s)	3 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	C$43.45	C$39.64	C$39.20	C$29.67
Forecasted Upside	-4.22% Downside	-4.28% Downside	6.96% Upside	12.42% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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MFC Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

MFC Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Manulife Financial Stock vs. The Competition

Type	Manulife Financial	Financial Services Companies
Consensus Rating Score	2.69	2.63
Consensus Rating	Moderate Buy	Moderate Buy
News Sentiment Rating	Neutral News See Recent MFC News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/22/2024	Barclays 3 of 5 stars	A. Scott Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		C$39.00 ➝ C$40.00	-12.09%
11/21/2024	Cormark 3 of 5 stars		Boost Target		C$47.00 ➝ C$48.00	+4.92%
11/8/2024	CIBC 3 of 5 stars		Boost Target		C$42.00 ➝ C$46.00	+4.33%
11/8/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$48.00 ➝ C$49.00	+11.14%
11/7/2024	National Bankshares Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$45.00 ➝ C$47.00	+4.35%
11/7/2024	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	C$45.00 ➝ C$48.00	+6.57%
Get the Latest News and Ratings for MFC and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Manulife Financial and its competitors with MarketBeat's FREE daily newsletter.
10/16/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	C$42.00 ➝ C$47.00	+11.37%
8/9/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$38.00 ➝ C$39.00	+13.34%
8/8/2024	Dbs Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating	K. Shih Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
5/10/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$40.00 ➝ C$41.00	+15.20%
5/10/2024	Evercore Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$36.00 ➝ C$37.00	+3.96%
5/8/2024	National Bank Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	G. Dechaine Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Sector Perform Market Weight ➝ Outperform Market Weight
2/16/2024	Desjardins Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Young Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Buy	C$29.00 ➝ C$36.00	+8.27%
2/16/2024	Veritas Investment Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Reduce
2/17/2023	CSFB Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$27.00 ➝ C$28.00	+3.70%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 07:11 PM ET.

Should I Buy Manulife Financial Stock? MFC Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, November 22, 2024. Please send any questions or comments about these Manulife Financial pros and cons to contact@marketbeat.com.

Manulife Financial
Bull Case

Here are some ways that investors could benefit from investing in Manulife Financial Co.:

Manulife Financial Co. reported a quarterly earnings per share (EPS) of C$0.91, exceeding analysts' expectations of C$0.88, indicating strong financial performance and effective management.
The company has a robust revenue of C$12.88 billion for the quarter, surpassing the consensus estimate of C$12.27 billion, showcasing its ability to generate significant income.
With a current stock price around C$34.67, recent insider selling at this price may suggest confidence in the company's valuation, although it is important to consider the context of such transactions.
Manulife Financial Co. has declared a quarterly dividend of $0.40 per share, which translates to an annualized dividend yield of 3.54%, providing a steady income stream for investors.
The company maintains a strong current ratio of 36.68, indicating excellent short-term financial health and the ability to cover its liabilities with its current assets.

Manulife Financial
Bear Case

Investors should be bearish about investing in Manulife Financial Co. for these reasons:

Insider selling has been significant, with over 68,821 shares sold recently, which could raise concerns about the company's future prospects and insider confidence.
The debt-to-equity ratio stands at 49.60, suggesting that the company relies heavily on debt financing, which can increase financial risk, especially in volatile markets.
Despite a strong revenue report, the net margin of 17.34% indicates that there may be challenges in maintaining profitability amidst competitive pressures.
The payout ratio of 68.09% suggests that a large portion of earnings is being distributed as dividends, which may limit the company's ability to reinvest in growth opportunities.
Market analysts predict an EPS of approximately 3.61 for the current year, which may indicate slower growth expectations compared to previous periods.

MFC Forecast - Frequently Asked Questions

: According to the research reports of 13 Wall Street equities research analysts, the average twelve-month stock price forecast for Manulife Financial is C$43.45, with a high forecast of C$49.00 and a low forecast of C$36.00.
: 13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Manulife Financial in the last twelve months. There is currently 1 sell rating, 3 hold ratings, 8 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" MFC shares.
: According to analysts, Manulife Financial's stock has a predicted downside of -4.22% based on their 12-month stock forecasts.
: Manulife Financial has been rated by research analysts at Barclays, CIBC, Cormark, Jefferies Financial Group, National Bankshares, Scotiabank, and TD Securities in the past 90 days.
: Analysts like Manulife Financial more than other "financial services" companies. The consensus rating score for Manulife Financial is 2.69 while the average consensus rating score for "financial services" companies is 2.63. Learn more on how MFC compares to other companies.

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JD Vance Predicts: Wall Street vs. Trump & Your Money (Ad)

Trump's back in the White House, but Wall Street is pissed. Here's the deal: Wall Street's about to purposely crash the bond market to sabotage Trump's comeback.

Get your free guide NOW before it's too late.

This page (TSE:MFC) was last updated on 11/24/2024 by MarketBeat.com Staff

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Manulife Financial (MFC) Stock Forecast & Price Target