Manulife Financial (MFC) Stock Forecast & Price Target

C$36.73

-0.52 (-1.40%)

(As of 09/6/2024 ET)

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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 12 Analyst Ratings

Based on 12 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 12 analysts, 1 has given a sell rating, 3 have given a hold rating, 7 have given a buy rating, and 1 has given a strong buy rating for MFC.

Consensus Price Target

C$39.18
6.68% Upside

High Forecast	C$43.00
Average Forecast	C$39.18
Low Forecast	C$36.00

According to the 12 analysts' twelve-month price targets for Manulife Financial, the average price target is C$39.18. The highest price target for MFC is C$43.00, while the lowest price target for MFC is C$36.00. The average price target represents a forecasted upside of 6.68% from the current price of C$36.73.

Type	Current Forecast 9/8/23 to 9/7/24	1 Month Ago 8/9/23 to 8/8/24	3 Months Ago 6/10/23 to 6/9/24	1 Year Ago 9/8/22 to 9/8/23
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Hold
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	7 Buy rating(s)	7 Buy rating(s)	7 Buy rating(s)	0 Buy rating(s)
Hold	3 Hold rating(s)	2 Hold rating(s)	2 Hold rating(s)	4 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	C$39.18	C$38.45	C$37.30	C$28.65
Forecasted Upside	6.68% Upside	13.47% Upside	11.72% Upside	11.36% Upside

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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	2.67	2.59
Consensus Rating	Moderate Buy	Moderate Buy
News Sentiment Rating	Neutral 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
9/5/2024	Barclays 3 of 5 stars	A. Scott Subscribe to MarketBeat All Access for the recommendation accuracy rating	Set Target	Equal Weight	C$39.00	+5.26%
8/9/2024	Royal Bank of Canada 4 of 5 stars		Boost Target		C$38.00 ➝ C$39.00	+13.34%
8/9/2024	Scotiabank 5 of 5 stars		Boost Target		C$40.00 ➝ C$41.00	+19.15%
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
7/31/2024	National Bankshares Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	C$38.00 ➝ C$43.00	+17.52%
7/18/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$43.00 ➝ C$42.00	+15.96%
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.
7/12/2024	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$40.00 ➝ C$41.00	+9.71%
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	CIBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$34.00 ➝ C$36.00	+1.15%
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	Cormark Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Market Perform ➝ Buy	C$33.00 ➝ C$36.00	+8.27%
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%
11/11/2022	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$23.50 ➝ C$24.50	+3.90%
10/31/2022	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold	C$24.00	+5.91%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 09:48 PM ET.

MFC Forecast - Frequently Asked Questions

What is Manulife Financial's forecast for 2024?: According to the research reports of 12 Wall Street equities research analysts, the average twelve-month stock price forecast for Manulife Financial is C$39.18, with a high forecast of C$43.00 and a low forecast of C$36.00.
Should I buy or sell Manulife Financial stock right now?: 12 Wall Street equities research 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, 7 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" MFC shares.
Does Manulife Financial's stock price have much upside?: According to analysts, Manulife Financial's stock has a predicted upside of 13.02% based on their 12-month stock forecasts.
Has Manulife Financial been upgraded by Wall Street analysts recently?: Over the previous 90 days, Manulife Financial's stock had 1 upgrade by analysts.
What analysts cover Manulife Financial?: Manulife Financial has been rated by research analysts at Barclays, Dbs Bank, Jefferies Financial Group, National Bankshares, Royal Bank of Canada, Scotiabank, and TD Securities in the past 90 days.
Do Wall Street analysts like Manulife Financial more than its competitors?: Analysts like Manulife Financial more than other "financial services" companies. The consensus rating score for Manulife Financial is 2.67 while the average consensus rating score for "financial services" companies is 2.59. Learn more on how MFC compares to other companies.