Analysts Offer Predictions for Manulife Financial Corp.’s Q3 2016 Earnings (MFC)
Manulife Financial Corp. (TSE:MFC) – Equities research analysts at Desjardins dropped their Q3 2016 earnings per share estimates for shares of Manulife Financial Corp. in a research note issued on Monday. Desjardins analyst D. Young now anticipates that the brokerage will earn $0.42 per share for the quarter, down from their previous forecast of $0.44. Desjardins currently has a “Buy” rating and a $21.00 price target on the stock. Desjardins also issued estimates for Manulife Financial Corp.’s FY2016 earnings at $1.72 EPS and FY2018 earnings at $2.20 EPS.
Several other equities analysts have also commented on the stock. Barclays PLC upped their price target on shares of Manulife Financial Corp. from C$19.00 to C$20.00 in a research report on Thursday, October 13th. Dundee Securities restated a “buy” rating and set a C$22.00 price target on shares of Manulife Financial Corp. in a research report on Wednesday, September 21st. RBC Capital Markets lowered their price target on shares of Manulife Financial Corp. from C$22.00 to C$21.00 and set an “outperform” rating for the company in a research report on Saturday, August 6th. CSFB lowered their price target on shares of Manulife Financial Corp. from C$22.00 to C$21.00 in a research report on Saturday, August 6th. Finally, CIBC lowered shares of Manulife Financial Corp. from an “outperform” rating to a “sector perform” rating and decreased their target price for the company from C$21.00 to C$19.00 in a research report on Saturday, August 6th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of C$20.85.
Shares of Manulife Financial Corp. (TSE:MFC) traded up 1.180% during trading on Tuesday, reaching $19.295. 1,007,145 shares of the company’s stock were exchanged. Manulife Financial Corp. has a 52 week low of $15.32 and a 52 week high of $22.65. The firm has a market capitalization of $38.07 billion and a PE ratio of 15.313. The company’s 50-day moving average price is $18.39 and its 200 day moving average price is $18.13.
The company also recently disclosed a quarterly dividend, which was paid on Monday, September 19th. Shareholders of record on Tuesday, August 16th were paid a dividend of $0.185 per share. This represents a $0.74 dividend on an annualized basis and a yield of 3.88%. The ex-dividend date was Friday, August 12th.
About Manulife Financial Corp.
Manulife Financial Corporation (MFC) is a life insurance company. The Company is a holding company of The Manufacturers Life Insurance Company (MLI), a Canadian life insurance company, and John Hancock Reassurance Company Ltd. (JHRECO), a Bermuda reinsurance company. The Company’s segments, including Asia Division, Canadian Division, U.S.
Receive News & Ratings for Manulife Financial Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Manulife Financial Corp. and related companies with MarketBeat.com's FREE daily email newsletter.