Manulife Financial Corp. (MFC) Stock Forecast & Predictions

Manulife Financial Corp. MFC: $21.225

1-200 Bloor St E, Toronto, Ontario, Canada. | Sector: Finance and Insurance | Exchange: NEW YORK STOCK EXCHANGE, INC. | Web: http://www.manulife.com/

  • Market Cap$41.21B
  • Change (52 Weeks)93.92%
  • Low (52 Weeks)$10.27
  • Manulife Financial Corp. (MFC) Forecast Based on Technical Analysis


    Neutral
    Based on 16 Technical Indicators where 31.25% are on Buy, 18.75% on Sell, and 50.00% Neutral.

    According to the market data, Manulife Financial Corp. (MFC) stock price is $21.225 and the 52 weeks low is $10.27, which means the Manulife Financial Corp. stock price is up 93.92% in the last 12 months.

    Manulife Financial Corp. (MFC) Stock Price has been Trending Strongly with an ADX reading of 33.95 as per the Weekly Chart.

    A Upward trend indicates that Manulife Financial Corp. (MFC) Stock Price may keep going up, with temporary Retracement (the process of stock price bouncing because of short term profit taking by the traders and investors).

    Technical Indicators are algorithms that are used mostly by Technical traders to predict the price action of a stock.

    Based on our analysis of 16 technical indicators, 31.25% are indicating that MFC Stock price might rise further, 18.75% indicating that MFC Stock price might fall, and 50.00% are in a neutral position.

    Based on these technical algorithms, overall MFC stock price has a Neutral Signal, which means the stock price has the potential to move either up or down, depending on the nature of consolidating market phase, since majority of indicators are providing a neutral signal.

    Manulife Financial Corp. (MFC) Stock Forecast By Analysts


    On Hold
    Analysts Recommendations for Manulife Financial Corp. (MFC) is based on 18 Institutional Analyst Ratings where 38.89% are on Strong Buy, 22.22% on Moderate Buy, 38.89% remains on Hold, 0.00% are on Moderate Sell and 0.00% are on Strong Sell.

    Out of 18 Institutional Analysts, majority recommended MFC stock as On Hold. This means investors are recommended to hold their existing positions if any, otherwise, the recommendation is neither to buy nor sell at this stage. Since most investors and traders follow analyst ratings closely, this can be a potentially driving factor for the future stock price of Manulife Financial Corp..

    Manulife Financial Corp. (MFC) Stock Price Prediction By Analysts


    HighLowAverage
    $31.50$25.25$28.39
    $28.3933.76% Upside
    Updated: 2021-04-22 00:00:00

    The Average Price target for MFC set by the institutional analysts is $28.39 where High Estimate is $31.50, Median $29.07 and Low $25.25.

    The average price target for MFC by Institutional Analysts is $28.39, which is 33.76% Upside from the current price. So according to the Institutional Analysts, MFC Stock might be a bit undervalued at this stage and there’s potential for upside.

    However, although Institutional Analysts set their price targets after extensive research, they’re not always correct. After all, the market is mostly driven by investors speculation and emotion than just concrete numbers.

    Manulife Financial Corp. (MFC) Stock Forecast Based on Investor Sentiment


    Moderately Negative

    Based on 388,226 investor portfolio.

    Our algorithm has analysed 388,226 investor portfolio with MFC stock holdings and found that 29.50% of them are bullish. Which means the Investor Sentiment is mostly Moderately Negative.

    This shows most investors think MFC stock is moderately overvalued currently and some of them have already closed their MFC position and don't intend to buy anymore at this stage.

    Manulife Financial Corp. (MFC) Stock Forecast Based on News Sentiment


    Bullish
    Based on 10 articles published Last Week, where 100.00% are Bullish and 0.00% are Bearish.

    According to the news articles published last week, most journalists and bloggers talked positively about MFC, it shows that Manulife Financial Corp. had a 100.00% positive news coverage.

    Positive news coverage usually affects short-term price of a stock, so this positive coverage provides an indication that MFC stock price may surge in the next few weeks.

    Manulife Financial Corp. (MFC) Stock Forecasts By Institutional Analysts


    Analyst
    Recommendation
    Action
    RBC CapitalOutperformMaintained
    CIBC World MarketsNeutralMaintained
    BMO Capital MarketsOutperformUpgraded
    Evercore ISIMaintained
    National Bank FinancialSector PerformUpgraded
    Credit SuisseUpgraded
    CIBC World MarketsOutperformInitiated
    Evercore ISIUpgraded
    SbankUpgraded
    Canaccord GenuityUpgraded
    Credit SuisseUpgraded
    Evercore ISIUpgraded
    National Bank FinancialSector PerformUpgraded
    Canaccord GenuityUpgraded
    Evercore ISIUpgraded
    Morgan StanleyUpgraded
    National Bank FinancialSector PerformUpgraded
    Credit SuisseOutperformUpgraded
    Canaccord GenuityUpgraded
    Eight CapitalDowngraded
    National Bank FinancialSector Perform OverweightDowngraded
    TD SecuritiesAction List BuyUpgraded
    TD SecuritiesAction List BuyUpgraded
    RBC CapitalOutperformDowngraded
    Canaccord GenuityDowngraded
    Credit SuisseNeutralInitiated
    BarclaysOverweightMaintained
    BMO Capital MarketsUpgraded
    National Bank FinancialOutperformUpgraded
    Desjardins SecuritiesUpgraded
    CIBC World MarketsUpgraded
    Canaccord GenuityUpgraded
    BMO Capital MarketsUpgraded
    TD SecuritiesBuyUpgraded
    RBC CapitalOutperformInitiated
    National Bank FinancialOutperformDowngraded
    Cormark SecuritiesUpgraded
    Evercore ISIDowngraded
    Morgan StanleyUpgraded
    TD SecuritiesBuyDowngraded
    National Bank FinancialOutperformDowngraded
    BMO Capital MarketsDowngraded
    TD SecuritiesUpgraded
    Evercore ISIIn-LineReiterated
    CIBC World MarketsUpgraded
    CIBC World MarketsDowngraded
    Desjardins SecuritiesDowngraded
    National Bank FinancialOutperformDowngraded
    National Bank FinancialOutperformDowngraded
    Canaccord GenuityBuyInitiated
    Morgan StanleyEqual-WeightMaintained
    Evercore ISI GroupIn-LineInitiated
    SbankOutperformUpgraded
    CIBC World MarketsOutperformUpgraded
    TD SecuritiesBuyUpgraded
    TD SecuritiesBuyUpgraded
    Desjardins SecuritiesDowngraded
    Morgan StanleyEqual-WeightMaintained
    Morgan StanleyEqual-WeightMaintained
    TD SecuritiesHoldDowngraded
    National Bank FinancialOutperformUpgraded
    BarclaysUpgraded
    TD SecuritiesHoldUpgraded
    National Bank FinancialSector PerformUpgraded
    Morgan StanleyEqual-WeightMaintained
    Desjardins SecuritiesUpgraded
    BarclaysUpgraded
    RBC CapitalOutperformUpgraded
    BMO Capital MarketsOutperformReiterated
    National Bank FinancialSector PerformUpgraded
    Credit SuisseUpgraded
    BMO Capital MarketsOutperformReiterated
    Morgan StanleyEqual-WeightMaintained
    RBC CapitalOutperformUpgraded
    National Bank FinancialSector PerformUpgraded
    BarclaysMaintained
    SbankOutperformMaintained
    TD SecuritiesHoldMaintained
    SbankOutperformMaintained
    Dundee SecuritiesMaintained
    CIBC World MarketsMaintained
    BMO Capital MarketsMaintained
    Canaccord GenuityMaintained
    BarclaysOverweightMaintained
    Morgan StanleyMaintained
    Dundee SecuritiesMaintained
    Desjardins SecuritiesMaintained
    Credit SuisseOutperformMaintained
    TD SecuritiesHoldMaintained
    SbankOutperformMaintained
    RBC CapitalOutperformMaintained
    National Bank FinancialOutperformMaintained
    Desjardins SecuritiesBuyMaintained
    CIBC World MarketsMaintained
    Canaccord GenuityHoldMaintained
    SbankOutperformMaintained
    DundeeBuyInitiated
    Bank of AmericaBuyInitiated
    CIBCSector PerformDowngraded
    BarclaysMaintained
    TD SecuritiesHoldMaintained
    BarclaysMaintained
    SbankOutperformMaintained
    National Bank FinancialOutperformMaintained
    Canaccord GenuityHoldDowngraded
    BMO Capital MarketsOutperformMaintained
    BarclaysOverweightMaintained
    CIBC World MarketsMaintained
    CIBC World MarketsMaintained
    SbankMaintained
    SbankMaintained
    RBC CapitalOutperformMaintained
    National Bank FinancialOutperformMaintained
    BarclaysOutperformMaintained
    Canaccord GenuityMaintained
    CIBC World MarketsSector OutperformMaintained
    Credit SuisseOutperformMaintained
    BarclaysOutperformMaintained
    SbankMaintained
    TD SecuritiesBuyInitiated
    RBC CapitalSector PerformMaintained
    RBC CapitalSector PerformMaintained
    National Bank FinancialMaintained
    Cormark SecuritiesMarket PerformDowngraded
    CIBC World MarketsSector OutperformMaintained
    Canaccord GenuityBuyMaintained
    BarclaysOutperformMaintained
    SbankMaintained
    Canaccord GenuityMaintained
    BarclaysMaintained
    BMO CapitalOutperformUpgraded
    BarclaysOutperformMaintained
    Credit SuisseMaintained
    Credit SuisseOutperformUpgraded
    CIBC World MarketsSector OutperformMaintained
    Canaccord GenuityBuyUpgraded
    National Bank FinancialMaintained
    TD SecuritiesMaintained
    National Bank FinancialMaintained
    CIBC World MarketsMaintained
    Canaccord GenuityMaintained
    BarclaysMaintained
    SbankMaintained
    UBSBuyUpgraded
    CIBC World MarketsMaintained
    Canaccord GenuityHoldMaintained
    UBSNeutralMaintained

    Manulife Financial Corp. (MFC) Stock Earning Per Share (EPS) Forecast / Estimate


    $0.794
    The average consensus EPS for MFC is $0.794 with a high estimate of $0.851 and Low of $0.725 for the period 2021-06-30 and based on 10 Institutional Analysts.

    Last Quarter


    Actual
    Estimate
    Date
    $0.74$0.72385692020-12-31


    The latest average Earning Per Share Estimate for Manulife Financial Corp. is $0.79, which is higher than MFC's last EPS, $0.74. This means that Analysts are expecting Manulife Financial Corp. to report higher earnings. This can drive share prices higher since the investors have positive sentiment about market performance of Manulife Financial Corp..

    Earning Per Share (EPS) History


    Actual
    Estimate
    Date
    $0.74$0.72385692020-12-31
    $0.73$0.70844432020-09-30
    $0.78$0.6270082020-06-30
    $0.51$0.5933752020-03-31
    $0.73$0.75790399999999992019-12-31
    $0.76$0.73801712019-09-30
    $0.72$0.72070572019-06-30
    $0.76$0.70916139999999992019-03-31
    $0.65$0.66504460000000012018-12-31
    $0.75$0.67670000000000012018-09-30
    $0.7$0.65261152018-06-30
    $0.64$0.62528092018-03-31
    $0.606$0.59020362017-12-31
    $0.53$0.5287352017-09-30
    $0.57$0.55068232017-06-30
    $0.53$0.52535152017-03-31
    $0.63$0.51417079999999992016-12-31
    $0.49$0.445410000000000032016-09-30
    $0.4$0.465175699999999972016-06-30
    $0.44$0.435522099999999972016-03-31
    $0.42$0.45796432015-12-31
    $0.43$0.45497472015-09-30
    $0.44$0.44574332015-06-30
    $0.39$0.42304862015-03-31
    $0.36$0.410272100000000032014-12-31
    $0.39$0.40534332014-09-30
    $0.36$0.399960000000000042014-06-30
    $0.37$0.38931462014-03-31
    $0.35$0.386062400000000032013-12-31
    $0.36$0.358459100000000032013-09-30
    $0.31$0.34712692013-06-30
    $0.32$0.33113862013-03-31
    $0.28$0.324212012-12-31
    $0.29$0.3200692012-09-30
    $0.3$0.319162012-06-30
    $0.62$0.36727642012-03-31
    $-0.05$-0.106049999999999992011-12-31
    $-0.73$-0.53996622011-09-30
    $0.26$0.20383822011-06-30
    $0.53$0.290142700000000032011-03-31

    What is Analyst Ratings & Price Targets?

    The analysts provide Buy, Sell or Hold ratings after extensive research of a companies financial reports, listening to conference calls and some of them even get in contact with upper management of the company to get an overall picture of operation.

    Although institutional Analyst’s are not always correct, their ratings are followed by millions of traders around the world and they can heavily influence trading activities for a company.

    As a retail investor, going through analyst ratings will instantly provide you an idea if the stock is worth buying. Top Analysts also provide their price targets. It’s a prediction of where the stock price might go based on their analysis.

    The best way to analyze price targets is to combined average price targets of major analysts. If the average price target is much higher than the current price of the stock, then the probability of a stock going up is also high.

    What is Technical Analysis?

    Technical Analysis refers to analyzing a stock's price over a period of time. In the financial market, past price patterns are one of the strongest indicators of an asset's future performance.

    In easier terms, millions of traders use Live Charts to watch the stock prices, it is actually a single source of truth for most traders. When a stock's price reaches a significant price level/pattern in the chart, millions of traders take buy/sell positions from those levels.

    As a regular investor, one of the easiest ways to check technical analysis of a stock is through Technical Indicators. Technical Indicators are programmed algorithms that monitor price changes in the Charts and indicate Buy/Sell based on market conditions.

    Some Technical Indicators can be very powerful (e.g SMA) and some can be pretty useless. Stock research tools like iTradely heavily simplify the technical analysis process for the investors by showing Buy/Sell/Neutral ratings combined from 17 powerful technical indicators, all in one page.

    What is Earnings Per Share (EPS) and Why is it Important?

    EPS, or Earning Per Share, can tell a lot about a stock’s performance. It’s calculated by dividing a company’s profit by the number of outstanding shares of its common stocks.

    In layman’s term, earnings is an indicator of a company’s profitability. Higher the earnings, the more profitable a company is.
    Some traders pick stocks solely based on EPS or earnings Analysis, it is a very powerful indicator of a stock’s price.

    Before you buy a stock, check the company’s earnings History and Surprises. A Surprise happens when a company reports a much higher or lower actual earnings/EPS than the forecasted earnings/EPS.

    If a company reports higher EPS surprises consistently, analysts keep raising their estimates, traders become more confident in the company, driving the share price higher.

    What is Stock Sentiment?

    Stock Sentiment refers to how people speculating about the stock or what kind of trading position investors are often taking.

    There are different kinds of sentiments you can find online for a company, this includes Investor Sentiment (Percentage of investors buying or selling), News Sentiment (Is the company getting positive or negative impressions from the Press?), Social Sentiment (The overall trends about the company in social media, is it negative or positive?).