Manulife Financial (MFC-T) — Stockchase (2024)

FAQs

Is Manulife a good stock to buy today? ›

Manulife Financial Corp has a consensus rating of Moderate Buy which is based on 6 buy ratings, 3 hold ratings and 0 sell ratings. The average price target for Manulife Financial Corp is C$39.26. This is based on 9 Wall Streets Analysts 12-month price targets, issued in the past 3 months.

MFC Stock Forecast FAQ

What is MFC's average 12-month price target, according to analysts? Based on analyst ratings, Manulife Financial Corp's 12-month average price target is $29.10.

Based on short-term price targets offered by 12 analysts, the average price target for Manulife Financial comes to $28.72. The forecasts range from a low of $25.50 to a high of $31.82. The average price target represents an increase of 4.59% from the last closing price of $27.46.

Manulife Financial Corporation MFC is set to gain from the strength of its Asia business, its expanding Wealth and Asset Management business and a solid capital position. These, along with solid growth projections, make the stock worth retaining.

Investors in Manulife have done very well over the past five years, seeing their investment grow roughly 60% alongside a very healthy dividend that's averaged well above 5%. Currently, the company's dividend yield sits a bit above the 5% level despite all this capital appreciation.

After the downgrade, the ten analysts covering Manulife Financial are now predicting revenues of CA$53b in 2024. If met, this would reflect a sizeable 84% improvement in sales compared to the last 12 months. Per-share earnings are expected to bounce 23% to CA$3.07.

The Wall Street analyst predicted that Manulife Financial's share price could reach $40.00 by Jun 28, 2025. The average Manulife Financial stock price prediction forecasts a potential upside of 47.82% from the current MFC share price of $27.06.

MFC (Manulife Financial) 5-Year Dividend Growth Rate : 9.70% (As of Jun.

Manulife common shares were split on a two for one basis by way of stock dividend effective June 2, 2006.

Manulife has leveraged its core insurance customer base to grow its wealth management business, particularly abroad. With key markets in Asia seeing strong growth, this is propelling the company's multiple higher.

What is the intrinsic value of MFC stock? ›

The details of how we calculate the intrinsic value of stocks are described in detail here. As of today (2024-09-07), Manulife Financial's Intrinsic Value: Projected FCF is $96.00. The stock price of Manulife Financial is $27.06.

Manulife Financial's current price is $27.57. Its book value per share for the quarter that ended in Jun. 2024 was $17.45. Hence, today's PB Ratio of Manulife Financial is 1.58.

Intrinsic Value

Compared to the current market price of 36.73 CAD, Manulife Financial Corp is Undervalued by 29%. What is Intrinsic Value? What is DCF Value? What is Relative Value?

Manulife Financial stock has received a consensus rating of buy. The average rating score is and is based on 3 buy ratings, 1 hold ratings, and 0 sell ratings. What was the 52-week low for Manulife Financial stock? The low in the last 52 weeks of Manulife Financial stock was 17.07.

Our data shows that The Vanguard Group, Inc. is the largest shareholder with 4.1% of shares outstanding. The second and third largest shareholders are Royal Bank of Canada, Banking & Securities Investments and RBC Global Asset Management Inc., with an equal amount of shares to their name at 3.2%.

Manulife Financial's upcoming ex-dividend date is on Aug 21, 2024. Manulife Financial shareholders who own TSE:MFC stock before this date will receive Manulife Financial's next dividend payment of C$0.4 per share on Sep 19, 2024. Add TSE:MFC to your watchlist to be reminded before Manulife Financial's ex-dividend date.

The Rating Outlook for Manulife and its operating subsidiaries is Stable. This rating action reflects the company's continued actions to reduce exposure to legacy blocks of business which Fitch views as riskier.