FY2017 EPS Estimates for Manulife Financial Corp. (MFC) Lifted by Cormark
Manulife Financial Corp. (TSE:MFC) – Stock analysts at Cormark boosted their FY2017 EPS estimates for shares of Manulife Financial Corp. in a research report issued to clients and investors on Friday. Cormark analyst M. Grauman now expects that the brokerage will post earnings of $2.20 per share for the year, up from their previous forecast of $2.05.
A number of other research firms have also commented on MFC. Canaccord Genuity boosted their price objective on Manulife Financial Corp. from C$19.00 to C$21.00 and gave the stock a “hold” rating in a research note on Friday. Barclays PLC boosted their price objective on Manulife Financial Corp. from C$20.00 to C$24.00 and gave the stock an “overweight” rating in a research note on Friday. Royal Bank Of Canada upped their price target on Manulife Financial Corp. from C$21.00 to C$26.00 and gave the company an “outperform” rating in a research note on Friday. TD Securities upped their price target on Manulife Financial Corp. from C$21.00 to C$23.00 and gave the company a “hold” rating in a research note on Friday. Finally, CIBC upped their price target on Manulife Financial Corp. from C$19.00 to C$23.00 in a research note on Friday. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of C$22.85.
Shares of Manulife Financial Corp. (TSE:MFC) opened at 22.43 on Monday. Manulife Financial Corp. has a 12 month low of $15.32 and a 12 month high of $22.65. The firm has a market capitalization of $44.25 billion and a price-to-earnings ratio of 17.80. The firm’s 50-day moving average price is $19.28 and its 200-day moving average price is $18.33.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 19th. Investors of record on Tuesday, November 22nd will be given a dividend of $0.185 per share. The ex-dividend date of this dividend is Friday, November 18th. This represents a $0.74 annualized dividend and a yield of 3.30%.
Manulife Financial Corp. Company Profile
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.
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