Manulife Financial Corp (NYSE:MFC) has received a short term rating of strong buy from experts at Zacks with a rank of 1. The stock has been rated an average of 1.25 by 4 Brokerage Firm. 3 Wall Street Firms have rated the stock as a strong buys. 1 stock experts have also suggested a buy rating.
Manulife Financial Corp (NYSE:MFC): According to 4 Analysts, The short term target price has been estimated at $ 16.76.The target price could deviate by a maximum of $1.55 from the forecast price. In the near term, the target price could hit a high of $18 and a low of $ 15.
Manulife Financial Corp (NYSE:MFC) rose 0.28% or 0.04 points on Tuesday and made its way into the gainers of the day. After trading began at $14.42 the stock was seen hitting $14.47 as a peak level and $14.24 as the lowest level. The stock ended up at $14.38. The daily volume was measured at 1,475,398 shares. The 52-week high of the share price is $19.59 and the 52-week low is $10.99. The company has a market cap of $28,362 million.
Shares of Manulife Financial Corporation rose by 3.45% in the last five trading days and 0.35% for the last 4 weeks. Manulife Financial Corporation is up 1.31% in the last 3-month period. Year-to-Date the stock performance stands at -1.99%.
Manulife Financial Corp is a Canada-based financial services and life insurance company. The Company offers financial protection and wealth management products and services. It caters to personal and business clients. It also provides asset management services to institutional customers. Its operating segments are Asia, Canadian and U.S. Divisions, and the Corporate and Other segment. Its Asia, Canadian and U.S. Divisions segment offers protection and wealth management services, such as life insurance and individual group long-term care insurance, annuities, pension contracts and mutual fund products and services, retirement products, and deposit and credit products to Canadian customers, among others. The Companys Corporate and Other segment consists of investment performance on assets backing capital, net of amounts allocated to operating division and financing costs, external asset management business, and property and casualty (P&C) reinsurance business, among others.