Manulife Financial Corporation (MFC)

NYSE: MFC · IEX Real-Time Price · USD
18.47
+0.24 (1.32%)
At close: Sep 28, 2023, 4:00 PM
18.54
+0.07 (0.38%)
Pre-market: Sep 29, 2023, 8:01 AM EDT

Manulife Financial Stock Forecast

Stock Price Forecast

According to 2 stock analysts, the average 12-month stock price forecast for MFC stock stock is $30.5, which predicts an increase of 65.13%. The lowest target is $28 and the highest is $33. On average, analysts rate MFC stock stock as a buy.

Analyst Consensus: Buy
Target Low Average Median High
Price $28 $30.5 $33 $33
Change +51.60% +65.13% +78.67% +78.67%
* Price targets were last updated on Aug 11, 2023.

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 Apr '23May '23Jun '23Jul '23Aug '23Sep '23
Strong Buy 000000
Buy 111111
Hold 111111
Sell 000000
Strong Sell 000000
Total 222222

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Barclays
Barclays
Buy
Maintains
$31$33
Buy Maintains $31$33 +78.67% Aug 11, 2023
RBC Capital
RBC Capital
Hold
Maintains
$26$28
Hold Maintains $26$28 +51.60% Feb 17, 2023
Scotiabank
Scotiabank
Buy
Upgrades
n/a
Buy Upgrades n/a n/a Jul 27, 2022
Credit Suisse
Credit Suisse
Hold
Downgrades
n/a
Hold Downgrades n/a n/a Aug 10, 2021
Morgan Stanley
Morgan Stanley
Hold
Maintains
$27$26
Hold Maintains $27$26 +40.77% Jul 11, 2018
Full Analyst Rating History

Financial Forecast

Revenue This Year
67.66B
from 17.15B
Increased by 294.59%
Revenue Next Year
70.80B
from 67.66B
Increased by 4.64%
EPS This Year
3.32
from 3.68
Decreased by -9.75%
EPS Next Year
3.62
from 3.32
Increased by 8.86%
Year 2018201920202021202220232024202520262027
Revenue
38.97B79.57B78.91B61.82B17.15B67.66B70.80B73.58B75.75B-
Revenue Growth
-33.18%
104.17%
-0.83%
-21.65%
-72.26%
294.59%
4.64%
3.93%
2.96%
-
EPS
2.332.772.933.543.683.323.623.923.423.61
EPS Growth
137.76%
18.88%
5.78%
20.82%
3.95%
-9.75%
8.86%
8.39%
-12.61%
5.26%
No. Analysts -----1717622
Financial currency is CAD. Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 2023202420252026
High 70.3B 73.6B 76.5B 78.8B
Avg 67.7B 70.8B 73.6B 75.8B
Low 65.7B 68.7B 71.4B 73.5B

Revenue Growth

Revenue Growth 2023202420252026
High
310.2%
8.8%
8.0%
7.0%
Avg
294.6%
4.6%
3.9%
3.0%
Low
282.9%
1.5%
0.8%
-0.1%

EPS Forecast

EPS 20232024202520262027
High 3.51 3.90 4.24 3.56 3.75
Avg 3.32 3.62 3.92 3.42 3.61
Low 3.14 3.33 3.63 3.32 3.50

EPS Growth

EPS Growth 20232024202520262027
High
-4.7%
17.3%
17.3%
-9.1%
9.4%
Avg
-9.8%
8.9%
8.4%
-12.6%
5.3%
Low
-14.8%
0.3%
0.3%
-15.2%
2.1%
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.