Manulife Financial Corp. (TSE:MFC) Receives "Outperform" Rating from BMO Capital Markets

Manulife Financial Corporation (MFC) shares ended at $20.54 with 1.49 mln shares exchanging hands.

The current price is staying above the SMA lines which signify strength and is generally healthy/positive and may provide the momentum for driving the share price higher. If you are reading this piece of content on another site, it was illegally copied and reposted in violation of USA & global trademark and copyright legislation.

06/26/2014 - Goldman Sachs began new coverage on Manulife Financial Corp giving the company a "neutral" rating.

Several other research analysts have also issued reports on MFC.

08/04/2016 - Manulife Financial Corp was downgraded to "sector perform" by analysts at CIBC. Credit Suisse Group restated an "outperform" rating on shares of Manulife Financial Corp in a report on Monday, November 14th. Sei Investments Co. now owns 10,532 shares of the company's stock valued at $144,000 after buying an additional 632 shares in the last quarter. Wells Fargo & Company MN increased its stake in Manulife Financial Corp by 1.3% in the 2nd quarter. The company's a year ago sales total was 11.57 Million. Finally, Advisor Group Inc. purchased a new position in Manulife Financial Corp during the second quarter valued at about $201,000. Flippin Bruce & Porter Inc. now owns 175,510 shares of the financial services provider's stock valued at $3,293,000 after buying an additional 9,555 shares during the last quarter. Manulife Financial Corp has a 52-week low of $10.99 and a 52-week high of $19.04. Institutional investors and hedge funds own 46.05% of the company's stock. Finally, RBC Capital Markets restated an "outperform" rating and set a $26.00 target price (up previously from $21.00) on shares of Manulife Financial Corp in a report on Friday, November 11th. If you are accessing this article on another website, it was stolen and republished in violation of USA and worldwide trademark & copyright legislation. Royal Bank Of Canada increased their price objective on Manulife Financial Corp. from C$26.00 to C$28.00 and gave the stock an "outperform" rating in a report on Friday, August 11th. Barclays PLC increased their target price on Manulife Financial Corp. from C$28.00 to C$29.00 in a research report on Wednesday, July 12th.

08/08/2016 - Manulife Financial Corp had its "hold" rating reiterated by analysts at TD Securities. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company has a consensus rating of "Buy" and an average price target of $22.38.

Shares of Manulife Financial Corp (NYSE MFC) traded up 0.102% on Tuesday, hitting $20.561. 890,461 shares of the stock were exchanged. Currently, the stock has a 1 Year Price Target of $22.41.

With a total market value of $0, Manulife Financial Corporation (USA) has 52 week low of $14.15 and a 52 week high of $20.89 with a PE ratio of 14.61.

The company reported its EPS on 6/29/2017. The company had revenue of $12.34 billion for the quarter, compared to analysts' expectations of $16.09 billion. While in the same Quarter Previous year, the Actual EPS was $0.39. Analysts forecast that Manulife Financial Corp will post $1.75 earnings per share for the current year. 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.

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