#1 - Manulife Financial (NYSE:MFC)
A key selling point of financial stocks is their revenue and earnings stability. So it might be a surprise that we start this list of long-term stocks to buy with Manulife Financial Corporation (NYSE: MFC). Shareholders of MFC stock have seen share price growth of around 2.9% in the past five years.
The Toronto-based company continues to post revenue that is lower on a year-over-year basis. This is largely due to continued weakness in the commercial real estate market. However, the company's earnings have remained stable. And in the next 12 months, analysts are forecasting earnings growth of 9.4%.
The opportunity for investors is that Manulife looks to be undervalued compared to Sun Life Financial, Inc. (NYSE: SLF). This is notable because the earnings outlook for both companies looks the same.
And investors shouldn’t be so quick to overlook the company’s dividend that currently has a 5.99% yield. That certainly helps to offset any lack of growth in the past five years. And on August 9, 2023, the company increased the dividend to 28 cents.
About Manulife Financial
Manulife Financial Corporation, together with its subsidiaries, provides financial products and services in the United States, Canada, Asia, and internationally. The company operates through Wealth and Asset Management Businesses; Insurance and Annuity Products; and Corporate and Other segments. The Wealth and Asset Management Businesses segment offers investment advice and solutions to retirement, retail, and institutional clients through multiple distribution channels, including agents and brokers affiliated with the company, independent securities brokerage firms and financial advisors pension plan consultants, and banks.
Read More - Current Price
- $32.60
- Consensus Rating
- Buy
- Ratings Breakdown
- 7 Buy Ratings, 1 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $37.50 (15.0% Upside)
