The stock of Manulife Financial Corporation (USA) (NYSE:MFC) is a huge mover today! About 959,594 shares traded hands. Manulife Financial Corporation (USA) (NYSE:MFC) has risen 7.06% since March 8, 2016 and is uptrending. It has underperformed by 2.26% the S&P500.
The move comes after 5 months positive chart setup for the $29.15B company. It was reported on Oct, 11 by Barchart.com. We have $20.48 PT which if reached, will make NYSE:MFC worth $11.66B more.
Analysts await Manulife Financial Corporation (USA) (NYSE:MFC) to report earnings on November, 10. They expect $0.33 earnings per share, 0.00% or $0.00 from last year’s $0.33 per share. MFC’s profit will be $657.52M for 11.08 P/E if the $0.33 EPS becomes a reality. After $0.31 actual earnings per share reported by Manulife Financial Corporation (USA) for the previous quarter, Wall Street now forecasts 6.45% EPS growth.
Manulife Financial Corporation (USA) (NYSE:MFC) Ratings Coverage
Out of 5 analysts covering Manulife Financial Corp. (NYSE:MFC), 4 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 80% are positive. Manulife Financial Corp. has been the topic of 8 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The company was initiated on Wednesday, September 21 by Dundee Securities. The stock of Manulife Financial Corporation (USA) (NYSE:MFC) has “Sector Perform” rating given on Thursday, August 4 by IBC. The firm earned “Buy” rating on Friday, August 7 by TD Securities. The firm earned “Outperform” rating on Friday, November 13 by RBC Capital Markets. RBC Capital Markets maintained it with “Outperform” rating and $26 target price in Friday, August 7 report. Bank of America initiated the shares of MFC in a report on Wednesday, August 24 with “Buy” rating.
According to Zacks Investment Research, “Manulife Financial Corporation is engaged in providing financial protection products and investment management services to individuals, families, businesses and groups in selected international markets.”
More notable recent Manulife Financial Corporation (USA) (NYSE:MFC) news were published by: Fool.ca which released: “Manulife Financial Corp. Looks to Buybacks: Is the Stock Cheap?” on October 04, 2016, also Fool.ca with their article: “Why Asia Is Key for Manulife Financial Corp. to Succeed” published on August 29, 2016, Fool.ca published: “Manulife Financial Corp.: Does it Fit in Your Portfolio?” on September 27, 2016. More interesting news about Manulife Financial Corporation (USA) (NYSE:MFC) were released by: Fool.ca and their article: “Why Manulife Financial Corp. and TMX Group Limited Have Moved Over 4%” published on August 04, 2016 as well as Fool.ca‘s news article titled: “Which Is a Better Buy Today: Manulife Financial Corp. or Sun Life Financial Inc.?” with publication date: July 19, 2016.
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