Manulife Financial Corporation (MFC)
NYSE: MFC · IEX Real-Time Price · USD
23.47
+0.10 (0.43%)
At close: Apr 26, 2024, 4:00 PM
23.87
+0.40 (1.69%)
After-hours: Apr 26, 2024, 4:16 PM EDT
Manulife Financial Stock Forecast
Stock Price Forecast
The 2 analysts with 12-month price forecasts for Manulife Financial stock have an average target of 34, with a low estimate of 33 and a high estimate of 35. The average target predicts an increase of 44.87% from the current stock price of 23.47.
Analyst Consensus: Buy
* Price targets were last updated on Feb 15, 2024.
Analyst Ratings
The average analyst rating for MFC stock from 2 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 1 | 1 | 1 | 2 | 2 | 2 |
| Hold | 1 | 1 | 1 | 1 | 1 | 0 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 2 | 2 | 2 | 3 | 3 | 2 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| BMO Capital | BMO Capital | Hold → Buy Upgrades $31 → $35 | Hold → Buy | Upgrades | $31 → $35 | +49.13% | Feb 15, 2024 |
| Barclays | Barclays | Buy Maintains $31 → $33 | Buy | Maintains | $31 → $33 | +40.61% | Aug 11, 2023 |
| RBC Capital | RBC Capital | Hold Maintains $26 → $28 | Hold | Maintains | $26 → $28 | +19.30% | Feb 17, 2023 |
| Scotiabank | Scotiabank | Hold → Buy Upgrades n/a | Hold → Buy | Upgrades | n/a | n/a | Jul 27, 2022 |
| Credit Suisse | Credit Suisse | Buy → Hold Downgrades n/a | Buy → Hold | Downgrades | n/a | n/a | Aug 10, 2021 |
Financial Forecast
Revenue This Year
38.99B
from 33.68B
Increased by 15.79%
Revenue Next Year
40.71B
from 38.99B
Increased by 4.41%
EPS This Year
3.75
from 2.61
Increased by 43.65%
EPS Next Year
4.07
from 3.75
Increased by 8.56%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 40.5B | 42.3B | 43.4B | 81.3B |
| Avg | 39.0B | 40.7B | 41.8B | 78.2B |
| Low | 37.8B | 39.5B | 40.5B | 75.9B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|
| High | 20.4% | 8.5% | 6.7% | 94.5% |
| Avg | 15.8% | 4.4% | 2.6% | 87.1% |
| Low | 12.4% | 1.3% | -0.4% | 81.5% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 4.12 | 4.55 | 4.69 |
| Avg | 3.75 | 4.07 | 4.47 |
| Low | 3.49 | 3.71 | 4.29 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 57.7% | 21.3% | 15.3% |
| Avg | 43.6% | 8.6% | 9.8% |
| Low | 33.7% | -0.9% | 5.5% |
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.