Manulife Financial Corporation (MFC)
NYSE: MFC · IEX Real-Time Price · USD
25.95
-0.19 (-0.73%)
At close: Jul 19, 2024, 4:00 PM
25.86
-0.09 (-0.35%)
Pre-market: Jul 22, 2024, 5:13 AM EDT
Manulife Financial Stock Forecast
Stock Price Forecast
The 3 analysts with 12-month price forecasts for Manulife Financial stock have an average target of 36, with a low estimate of 33 and a high estimate of 40. The average target predicts an increase of 38.73% from the current stock price of 25.95.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for MFC stock from 3 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 1 | 1 |
| Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Hold | 1 | 1 | 1 | 1 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 3 | 3 | 3 | 3 | 3 | 3 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| TD Securities | TD Securities | Strong Buy Maintains $38 → $40 | Strong Buy | Maintains | $38 → $40 | +54.14% | Jun 28, 2024 |
| BMO Capital | BMO Capital | Hold → Buy Upgrades $31 → $35 | Hold → Buy | Upgrades | $31 → $35 | +34.87% | Feb 15, 2024 |
| Barclays | Barclays | Buy Maintains $31 → $33 | Buy | Maintains | $31 → $33 | +27.17% | Aug 11, 2023 |
| RBC Capital | RBC Capital | Hold Maintains $26 → $28 | Hold | Maintains | $26 → $28 | +7.90% | Feb 17, 2023 |
| Scotiabank | Scotiabank | Hold → Buy Upgrades n/a | Hold → Buy | Upgrades | n/a | n/a | Jul 27, 2022 |
Financial Forecast
Revenue This Year
37.92B
from 33.68B
Increased by 12.60%
Revenue Next Year
41.53B
from 37.92B
Increased by 9.54%
EPS This Year
3.76
from 2.61
Increased by 43.92%
EPS Next Year
4.05
from 3.76
Increased by 7.75%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 39.4B | 43.2B | 45.9B | 82.0B | 85.2B |
| Avg | 37.9B | 41.5B | 44.2B | 78.8B | 82.0B |
| Low | 36.8B | 40.3B | 42.9B | 76.5B | 79.5B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 17.1% | 13.9% | 10.6% | 85.5% | 8.1% |
| Avg | 12.6% | 9.5% | 6.4% | 78.4% | 4.0% |
| Low | 9.3% | 6.3% | 3.2% | 73.1% | 0.9% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 4.07 | 4.34 | 4.74 |
| Avg | 3.76 | 4.05 | 4.35 |
| Low | 3.55 | 3.69 | 3.84 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 56.1% | 15.4% | 17.0% |
| Avg | 43.9% | 7.8% | 7.5% |
| Low | 35.9% | -1.6% | -5.1% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.