Manulife Financial (NYSE:MFC) (TSE:MFC) is set to release its earnings data after the market closes on Wednesday, August 7th. Analysts expect Manulife Financial to post earnings of $0.54 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.
Shares of MFC stock opened at $16.53 on Tuesday. The company has a market capitalization of $33.51 billion, a P/E ratio of 7.83, a price-to-earnings-growth ratio of 0.77 and a beta of 1.38. Manulife Financial has a 12-month low of $13.33 and a 12-month high of $18.95. The stock’s fifty day moving average is $18.22.
A number of research analysts recently weighed in on MFC shares. Zacks Investment Research raised shares of Manulife Financial from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research report on Tuesday, July 23rd. ValuEngine downgraded shares of Manulife Financial from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Finally, Barclays reaffirmed a “buy” rating and issued a $29.00 target price on shares of Manulife Financial in a research report on Sunday, May 5th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company’s stock. Manulife Financial has a consensus rating of “Buy” and an average target price of $25.67.
Manulife Financial Corporation, together with its subsidiaries, provides financial advice, insurance, and wealth and asset management solutions for individuals, groups, and institutions in Asia, Canada, and the United States. The company offers individual life, and individual and group long-term care insurance; and guaranteed and partially guaranteed annuity products through insurance agents, brokers, banks, financial planners, and direct marketing.
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