Manulife Financial (TSE:MFC) PT Raised to C$34.00

Manulife Financial (TSE:MFC) (NYSE:MFC) had its price target increased by National Bankshares from C$33.00 to C$34.00 in a research note issued on Friday, BayStreet.CA reports. The firm presently has a “sector perform” rating on the financial services provider’s stock. National Bankshares’ price objective suggests a potential upside of 6.02% from the company’s current price.

Other research analysts have also recently issued reports about the company. Royal Bank of Canada increased their price target on Manulife Financial from C$34.00 to C$38.00 and gave the company an “outperform” rating in a research note on Friday, February 16th. TD Securities cut Manulife Financial from an “action list buy” rating to a “buy” rating and increased their price target for the company from C$35.00 to C$37.00 in a research note on Wednesday, February 21st. Evercore raised their target price on Manulife Financial from C$30.00 to C$36.00 in a research report on Tuesday, February 20th. BMO Capital Markets raised their target price on Manulife Financial from C$35.00 to C$40.00 in a research report on Monday, April 8th. Finally, Desjardins raised Manulife Financial from a “hold” rating to a “buy” rating and raised their target price for the stock from C$29.00 to C$36.00 in a research report on Friday, February 16th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$36.40.

Manulife Financial Stock Up 0.4 %

TSE MFC opened at C$32.07 on Friday. Manulife Financial has a fifty-two week low of C$23.69 and a fifty-two week high of C$34.05. The stock has a market capitalization of C$58.05 billion, a PE ratio of 12.29, a PEG ratio of 12.56 and a beta of 1.09. The company has a debt-to-equity ratio of 45.69, a current ratio of 3.79 and a quick ratio of 2.58. The business has a fifty day moving average price of C$32.60 and a two-hundred day moving average price of C$29.32.

Manulife Financial (TSE:MFC) (NYSE:MFC) last announced its quarterly earnings results on Wednesday, February 14th. The financial services provider reported C$0.92 EPS for the quarter, beating analysts’ consensus estimates of C$0.84 by C$0.08. Manulife Financial had a return on equity of 11.57% and a net margin of 20.05%. The company had revenue of C$14.92 billion during the quarter, compared to analysts’ expectations of C$10.24 billion. Equities analysts expect that Manulife Financial will post 3.6893764 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Manulife Financial news, Director Brooks Tingle sold 3,317 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of C$32.76, for a total transaction of C$108,664.92. In other Manulife Financial news, Director Brooks Tingle sold 3,317 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of C$32.76, for a total transaction of C$108,664.92. Also, Senior Officer Steve Finch sold 10,294 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of C$32.76, for a total value of C$337,231.44. Company insiders own 0.02% of the company’s stock.

About Manulife Financial

Manulife Financial Corporation, together with its subsidiaries, provides financial products and services in the United States, Canada, Asia, and internationally. The company operates through Wealth and Asset Management Businesses; Insurance and Annuity Products; and Corporate and Other segments. The Wealth and Asset Management Businesses segment offers investment advice and solutions to retirement, retail, and institutional clients through multiple distribution channels, including agents and brokers affiliated with the company, independent securities brokerage firms and financial advisors pension plan consultants, and banks.