Manulife Financial Rating & Stock Analysis Update

expand on: " Downgrades STA Research Underperform CAD 29 06/27/2024"

Manulife Financial (MFC-T,MFC)

On Thursday, June 27th, STA Research (Analyst Rank #9 of #354 Global Analysts) updated their valuation model on Manulife Financial’s stock.

STA Research, a respected financial research firm, has downgraded Manulife’s stock rating from its previous rating of a Hold. The research firm now rates the stock as a “Underperform,” which suggests that STA Research anticipates Manulife’s stock to deliver below-average returns compared to its industry peers and/or the broader market. STA Research believes that the current valuation metric is excessive, considering it’s longer term valuation basis.  The target price associated with this downgrade is $29, indicating STA Research’s estimate of what the stock’s current value should be according to their analysis.

Manulife Stock Forecast & Analysis

Based on the analysis and forecasts for Manulife Financial Corp’s stock:

Analyst Target Price and Rating:

The average target price forecasted by 12 analysts for Manulife Financial Corp over the next 12 months is $34.48. This target price serves as an estimate of where analysts believe the stock will trade in the future based on their assessments of the company’s performance, industry conditions, and economic outlook.
The average analyst rating for Manulife Financial Corp is “Buy,” indicating a general consensus among analysts that the stock is expected to outperform or provide positive returns relative to the market.

Stock Target Advisor Analysis:

Stock Target Advisor has conducted its own analysis on Manulife Financial Corp and rates it as “Slightly Bearish.” This assessment is derived from evaluating 4 positive signals and 8 negative signals regarding the stock’s current and future performance.

Recent Stock Performance:

As of the last closing price, Manulife Financial Corp’s stock traded at  $36.17.
Over the past week, the stock price has increased by +3.28%, indicating recent positive momentum.
However, over the past month, the stock has experienced a slight decline of -0.39%.
Looking back over the last year, Manulife Financial Corp’s stock has shown strong performance with an impressive gain of +50.02%.

These metrics provide investors with a comprehensive view of Manulife Financial Corp’s current standing in the market, the sentiment among analysts, and recent trends in its stock price. The positive annual performance suggests strong investor confidence or favorable market conditions that have driven the stock’s significant growth over the past year.

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