In a report released yesterday, Darko Mihelic from RBC Capital maintained a Hold rating on Manulife Financial (MFC – Research Report), with a price target of C$30.00. The company’s shares closed yesterday at $18.34.
According to TipRanks, Mihelic is a 4-star analyst with an average return of 5.3% and a 56.03% success rate. Mihelic covers the Financial sector, focusing on stocks such as Bank Of Montreal, Bank Of Nova Scotia, and Canadian Bank of Commerce.
Manulife Financial has an analyst consensus of Moderate Buy, with a price target consensus of $21.93.
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Based on Manulife Financial’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $21.94 billion and a net profit of $1.03 billion. In comparison, last year the company earned a revenue of $56.42 billion and had a net profit of $6.9 billion
Based on the recent corporate insider activity of 161 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of MFC in relation to earlier this year.
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Manulife Financial (MFC) Company Description:
Canada-based Manulife Financial Corp. is a financial services company, which provides financial advice, insurance and wealth and asset management products and services in Asia, Canada, the United States, and other international markets.
Read More on MFC:
- Manulife Financial files $5B mixed securities shelf
- Manulife appoints Maryscott Greenwood as global head, government relations
- Manulife Investment Management Completes Acquisition of Serverfarm
- Manulife Financial Corporation announces Dividend Rates on Non-cumulative Rate Reset Class 1 Shares Series 13 and Non-cumulative Floating Rate Class 1 Shares Series 14
