What is the current Price Target and Forecast for Manulife Financial Corp (MFC) (2024)

(Delayed Data from NYSE)

$27.95 USD

27.95

3,730,440

+0.29 (1.05%)

Updated Sep 12, 2024 04:00 PM ET

After-Market: $27.95 0.00 (0.00%) 7:58 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy23.68%
2Buy17.55%
3Hold9.21%
4Sell4.93%
5Strong Sell2.36%
S&P50010.96%

Zacks Rank Education - Learn about the Zacks Rank

Zacks Rank Home - Zacks Rank resources in one place

Zacks Premium - The only way to fully access the Zacks Rank

3-Hold of 5 3

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

Zacks Style Scores Education - Learn more about the Zacks Style Scores

AValue | DGrowth | DMomentum | CVGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

Zacks Rank Education -- Learn more about the Zacks Rank
Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank

Top 8% (19 out of 250)

Industry: Insurance - Life Insurance

View All Zacks #1 Ranked Stocks

What is the current Price Target and Forecast for Manulife Financial Corp (MFC) (2) Better trading starts here.

Manulife Financial (MFC) Price Targets

Average Price Target Highest Price Target Lowest Price Target Upside to Average Price Target
$28.72 $31.82 $25.50 3.83%

Price Target

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 3.83% from the last closing price of $27.66.

Analyst Price Targets (12)

Last Close 27.66

Average 28.72 3.83% Upside Low 25.50 -7.81% Downside High 31.82 15.04% Upside

Broker Rating

Manulife Financial currently has an average brokerage recommendation (ABR) of 1.79 on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell etc.) made by 14 brokerage firms. The current ABR compares to an ABR of 1.69 a month ago based on 13 recommendations.

Of the 14 recommendations deriving the current ABR, seven are Strong Buy and three are Buy. Strong Buy and Buy respectively account for 50% and 21.43% of all recommendations. A month ago, Strong Buy made up 53.85%, while Buy represented 23.08%.

Broker Rating Breakdown

What is the current Price Target and Forecast for Manulife Financial Corp (MFC) (3)

Today1 Week Ago1 Month Ago2 Months Ago3 Months Ago
Strong Buy77766
Buy33333
Hold44333
Sell00000
Strong Sell00000
ABR1.791.791.691.751.75

1. Not Ident. Many of the brokerage firms who provide Zacks data ask that we keep their identity confidential.

2. In most cases the # of brokers listed above is less than the # of brokerage firms that have a recommendation on the stock. That is because some firms prohibit Zacks from displaying detailed information on their recommendations such as in the upgrade/downgrade table.

DateBrokerage FirmAnalystPreviousCurrent
9/5/2024Not IdentifiedNot IdentifiedNot AvailableHold
8/9/2024ScotiabankMeny GraumanStrong BuyStrong Buy
8/9/2024Not IdentifiedNot IdentifiedModerate BuyModerate Buy
8/8/2024Not IdentifiedNot IdentifiedStrong BuyStrong Buy
8/8/2024Not IdentifiedNot IdentifiedNot AvailableStrong Buy
8/8/2024Desjardins SecuritiesDoug YoungModerate BuyModerate Buy
8/7/2024National Bank FinancialGabrial DechaineStrong BuyStrong Buy
7/24/2024Cormark SecuritiesLemar PersaudModerate BuyModerate Buy
6/27/2024Not IdentifiedNot IdentifiedStrong BuyStrong Buy
5/10/2024CIBC World Markets Corp.Paul D HoldenHoldHold
5/9/2024TD SecuritiesMario MendoncaStrong BuyStrong Buy
4/8/2024BMO Capital MarketsThomas MackinnonStrong BuyStrong Buy
1/23/2024Evercore PartnersThomas GallagherHoldHold

1. Not Ident. Many of the brokerage firms who provide Zacks data ask that we keep their identity confidential.

2. In most cases the # of brokers listed above is less than the # of brokerage firms that have a recommendation on the stock. That is because some firms prohibit Zacks from displaying detailed information on their recommendations such as in the upgrade/downgrade table.

Current ABR

Zacks provides the average brokerage recommendation (ABR) for thousands of stocks for most of the leading investment web sties. The ABR is the calculated average of the actual recommendations (strong buy, hold, sell etc) made by the brokerage firms for a given stock.

ABR vs Zacks Rank

1.79
ABR (Last week)1.79
# of Recs in ABR14
Average Target Price $28.72
LT Growth Rate10.00%
IndustryInsurance - Life Insurance
Industry Rank by ABR19 of 253
Current Quarter EPS Est: 0.70

MFC FAQs

Manulife Financial Corp (MFC) currently has an average brokerage recommendation (ABR) of 1.79 on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell etc.) made by 14 brokerage firms.

The average price target for Manulife Financial Corp (MFC) is $28.72. The current on short-term price targets is based on 6 reports.

The forecasts for Manulife Financial Corp (MFC) range from a low of $25.5 to a high of $31.82. The average price target represents a increase of $3.83 from the last closing price of $27.66.

The current UPSIDE for Manulife Financial Corp (MFC) is 3.83%

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 3.83% from the last closing price of $27.66.

 
What is the current Price Target and Forecast for Manulife Financial Corp (MFC) (2024)

FAQs

What is the current Price Target and Forecast for Manulife Financial Corp (MFC)? ›

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.

What is the target price for MFC? ›

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.

What is the price forecast for MFC? ›

MFC Stock 12 Month Forecast

Based on 9 Wall Street analysts offering 12 month price targets for Manulife Financial in the last 3 months. The average price target is C$39.48 with a high forecast of C$43.00 and a low forecast of C$35.00. The average price target represents a 3.50% change from the last price of C$38.15.

What is the stock price forecast for MFC in 2025? ›

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.

Is Manulife a good investment? ›

Overall, experts generally have a positive outlook on Manulife Financial (MFC-T).

What is the target price estimate? ›

A target price is an estimate of the future price of a stock. Target prices are based on earnings forecasts and assumed valuation multiples.

Why is Manulife stock going up? ›

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.

When did Manulife stock split? ›

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

What is MFC 5 year dividend growth? ›

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

What is the book value of MFC stock? ›

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.

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.

What is the peri stock forecast for 2025? ›

According to analysts, PERI price target is 9.33 USD with a max estimate of 10.00 USD and a min estimate of 9.00 USD.

What is the target stock price future? ›

Based on short-term price targets offered by 31 analysts, the average price target for Target comes to $176.45. The forecasts range from a low of $119.00 to a high of $210.00. The average price target represents an increase of 16.64% from the last closing price of $151.28.

What is the future of Manulife? ›

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.

Is Manulife undervalued? ›

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?

Is Manulife dividend safe? ›

Manulife stock's dividend should be safe and the stock appears to be fairly valued.

What is the target price for Progressive stock? ›

Stock Price Target PGR
High$312.00
Median$257.00
Low$197.00
Average$255.29
Current Price$251.42

What is the target price for full truck alliance? ›

The average price target for Full Truck Alliance is $11.02. This is based on 5 Wall Streets Analysts 12-month price targets, issued in the past 3 months. The highest analyst price target is $12.00 ,the lowest forecast is $9.00.

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