Economy

Were Analysts Bearish Manulife Financial Corp

Separately, Zacks Investment Research raised shares of Manulife Financial from a "hold" rating to a "buy" rating and set a $21.00 price target for the company in a report on Tuesday, January 10th.

Liberty Capital Management Inc. bought a new position in Manulife Financial Co. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Manulife Financial presently has a consensus rating of "Buy" and an average price target of $23.33.

Manulife Financial Corp (NYSE MFC) opened at 19.79 on Monday. The company had a trading volume of 2,349,871 shares. The firm has a market cap of $38.87 billion, a price-to-earnings ratio of 13.43 and a beta of 1.30. ADX calculations are made based on the moving average price range expansion over a specified amount of time. Manulife Financial Corp. (TSE:MFC) has 0.00% since September 19, 2016 and is.

Manulife Financial Corp (NYSE:MFC) (TSE:MFC) last released its quarterly earnings results on Wednesday, August 9th. The financial services provider reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.01. For the next 5 years, Manulife Financial Corporation is expecting Growth of 7.96% per annum, whereas in the past 5 years the growth was 14.12% per annum. The business had revenue of $12.34 billion during the quarter, compared to analyst estimates of $16.09 billion. Next quarter's EPS is forecasted to be $0.47 and the next full year EPS is anticipated to be $1.99. During the same quarter in the prior year, the business earned $0.40 earnings per share.

COPYRIGHT VIOLATION NOTICE: This report was posted by Equities Focus and is the sole property of of Equities Focus. If you are viewing this report on another site, it was illegally stolen and republished in violation of USA & worldwide copyright laws. The correct version of this report can be read at https://weekherald.com/2017/09/19/manulife-financial-co-mfc-downgraded-by-valuengine.html. Further, it provides planning software platform that enables financial advisors and institutions to help clients make financial planning decisions; manages timberland and agricultural portfolios; insurance agency, investment counseling, portfolio and mutual fund management, mutual fund dealer, financial reinsurance, and mutual funds marketing businesses, as well as investment management, advisory, and dealer activities. FMR LLC raised its stake in Manulife Financial by 61.7% in the fourth quarter. OppenheimerFunds Inc. now owns 12,793 shares of the financial services provider's stock worth $227,000 after acquiring an additional 1,775 shares during the last quarter. Viking Global Investors LP acquired a new stake in Manulife Financial during the fourth quarter worth approximately $95,361,000. Accern also gave media coverage about the financial services provider an impact score of 46.0632533024913 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company's share price in the near term. Bessemer Group Inc. raised its stake in Manulife Financial by 0.9% in the 2nd quarter. Finally, OppenheimerFunds Inc. boosted its stake in shares of Manulife Financial Corp by 16.1% in the first quarter. Still in the Dark Ages?" on September 13, 2017, also Fool.ca with their article: "Buy Manulife Financial Corp., Get International Growth" published on August 18, 2017, Fool.ca published: "Manulife Financial Corp. This is an increase from Manulife Financial Corp's previous quarterly dividend of $0.15. More interesting news about Manulife Financial Corp.



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