Manulife Financial Corporation (MFC)
NYSE: MFC · Real-Time Price · USD
32.47
-0.21 (-0.64%)
Nov 22, 2024, 4:00 PM EST - Market closed
Manulife Financial Stock Forecast
Stock Price Forecast
The 2 analysts with 12-month price forecasts for Manulife Financial stock have an average target of 37.5, with a low estimate of 35 and a high estimate of 40. The average target predicts an increase of 15.49% from the current stock price of 32.47.
Analyst Consensus: Strong Buy
* Price targets were last updated on Jun 28, 2024.
Analyst Ratings
The average analyst rating for MFC stock from 2 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 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Buy | 2 | 2 | 2 | 2 | 2 | 1 |
| Hold | 0 | 0 | 0 | 0 | 0 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 3 | 3 | 3 | 3 | 3 | 2 |
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 | +23.19% | Jun 28, 2024 |
| BMO Capital | BMO Capital | Hold → Buy Upgrades $31 → $35 | Hold → Buy | Upgrades | $31 → $35 | +7.79% | Feb 15, 2024 |
| Barclays | Barclays | Buy Maintains $31 → $33 | Buy | Maintains | $31 → $33 | +1.63% | Aug 11, 2023 |
| RBC Capital | RBC Capital | Hold Maintains $26 → $28 | Hold | Maintains | $26 → $28 | -13.77% | 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
36.70B
Revenue Next Year
40.12B
from 36.70B
Increased by 9.33%
EPS This Year
3.76
from 2.61
Increased by 43.89%
EPS Next Year
4.04
from 3.76
Increased by 7.65%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 38.2B | 41.7B | 43.4B | ||
| Avg | 36.7B | 40.1B | 41.8B | ||
| Low | 35.6B | 38.9B | 40.5B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | - | 13.7% | 8.2% | ||
| Avg | - | 9.3% | 4.1% | ||
| Low | - | 6.1% | 1.0% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 3.99 | 4.33 | 4.66 |
| Avg | 3.76 | 4.04 | 4.34 |
| Low | 3.56 | 3.65 | 3.79 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 52.7% | 15.2% | 15.3% |
| Avg | 43.9% | 7.6% | 7.4% |
| Low | 36.3% | -2.9% | -6.2% |
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.