Manulife Financial (MFC) Stock Forecast & Price Target

$30.56

-0.11 (-0.36%)

(As of 10/17/2024 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

Buy

Based on 8 Analyst Ratings

Sell
0

Hold
1

Buy
7

Based on 8 Wall Street analysts who have issued ratings for Manulife Financial in the last 12 months, the stock has a consensus rating of "Buy." Out of the 8 analysts, 1 has given a hold rating, 6 have given a buy rating, and 1 has given a strong buy rating for MFC.

Consensus Price Target

$35.67
16.71% Upside

According to the 8 analysts' twelve-month price targets for Manulife Financial, the average price target is $35.67. The highest price target for MFC is $40.00, while the lowest price target for MFC is $32.00. The average price target represents a forecasted upside of 16.71% from the current price of $30.56.

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MFC Analyst Ratings Over Time

Type	Current Forecast 10/18/23 to 10/17/24	1 Month Ago 9/18/23 to 9/17/24	3 Months Ago 7/20/23 to 7/19/24	1 Year Ago 10/18/22 to 10/18/23
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	6 Buy rating(s)	6 Buy rating(s)	7 Buy rating(s)	1 Buy rating(s)
Hold	1 Hold rating(s)	1 Hold rating(s)	0 Hold rating(s)	2 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$35.67	$35.67	$35.00	$33.00
Forecasted Upside	16.71% Upside	26.19% Upside	34.93% Upside	82.02% Upside
Consensus Rating	Buy	Buy	Buy	Hold

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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	Finance Companies	S&P 500
Consensus Rating Score	3.00	2.47	2.50
Consensus Rating	Buy	Hold	Hold
Predicted Upside	16.31% Upside	11.41% Upside	6.15% Upside
News Sentiment Rating	Positive News See Recent MFC News	Positive 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	Initiated Coverage	Equal Weight
8/8/2024	Dbs Bank 0 of 5 stars	K. Shih Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong-Buy
6/28/2024	TD Securities 4 of 5 stars		Boost Target	Buy ➝ Buy	$38.00 ➝ $40.00	+49.81%
5/9/2024	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 ➝ Outperform
2/22/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy
2/15/2024	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
2/15/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Market Perform ➝ Outperform	$31.00 ➝ $35.00	+54.59%
12/12/2023	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Sector Perform ➝ Outperform
1/30/2023	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$27.00 ➝ C$34.00
1/25/2023	CIBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$23.00 ➝ C$27.00
1/12/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Neutral

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 08:37 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 Sunday, October 13, 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. has a dividend yield of 3.84%, providing investors with a steady income stream relative to the stock price.
Recent analyst reports have given Manulife Financial Co. positive ratings, with some analysts even suggesting a "strong-buy" rating, indicating potential growth.
Manulife Financial Co. has a moderate buy rating with an average price target of $35.67, suggesting potential upside in the stock price.
The company's P/E ratio of 17.22 indicates that investors are willing to pay $17.22 for every dollar of earnings, which could signal confidence in future profitability.
Institutional investors hold a significant portion of Manulife Financial Co.'s stock, indicating confidence from large financial entities in the company's performance.

Manulife Financial
Bear Case

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

Manulife Financial Co.'s stock price has been trading down, showing a decrease of 0.2% recently, which may indicate potential volatility or downward pressure on the stock.
While the dividend yield is attractive, the dividend payout ratio of 66.86% suggests that a significant portion of earnings is being distributed as dividends, potentially limiting reinvestment for growth.
Market conditions can impact financial services providers like Manulife Financial Co., making the stock susceptible to economic fluctuations and regulatory changes.
The company's beta of 1.08 indicates that the stock is slightly more volatile than the market average, which may not be suitable for conservative investors seeking stability.
Investors should consider the impact of interest rate changes on Manulife Financial Co.'s business, as fluctuations in interest rates can affect the company's profitability and investment returns.

MFC Forecast - Frequently Asked Questions

: According to the research reports of 8 Wall Street equities research analysts, the average twelve-month stock price forecast for Manulife Financial is $35.67, with a high forecast of $40.00 and a low forecast of $32.00.
: 8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Manulife Financial in the last year. There is currently 1 hold rating, 6 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" MFC shares.
: According to analysts, Manulife Financial's stock has a predicted upside of 16.71% based on their 12-month stock forecasts.
: Over the previous 90 days, Manulife Financial's stock had 1 upgrade by analysts.
: Manulife Financial has been rated by research analysts at Barclays, and Dbs Bank in the past 90 days.
: Analysts like Manulife Financial more than other "finance" companies. The consensus rating for Manulife Financial is Buy while the average consensus rating for "finance" companies is Hold. Learn more on how MFC compares to other companies.