Are Analysts Too Bullish On Manulife Financial Corp (MFC)

Manulife Financial Corp (NYSE:MFC) currently has a daily average trading volume of 2.06M but it saw 1066017 shares traded in last market. With a market cap of 53.07B USD, the company’s current market price of $30.80 came rising about 0.26 while comparing to the previous closing price of $30.72. In past 52 weeks, the stock remained buoying in the range of price level as high as $33.07 and as low as $22.61.

Taking a look at 20-day trading activity of Manulife Financial Corp (MFC) gives us an average price of $30.09, while its current price level is -6.86% below from 52-week high level whereas it is 36.22% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $30.35 while that of 200 days or SMA-200 reads an average of $28.65. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.27% during that period while stretching the period over a month that decreases to 2.10%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 54.73 which implies that the stock is in neutral territory.

Over the week, MFC’s stock price is moving 3.43% up while it is 1.48% when we observe its performance for the past one month. Year-to-date it is 0.29% up and over the past year, the stock is showing an upside performance of 26.75%.

Currently, Manulife Financial Corp’s total number of outstanding shares is 1.73B with 0.04% of that held by the insiders while 56.53% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 8.16% and return on equity (ROE) at 11.03%. It has a price to earnings ratio (P/E ratio) of 14.83 while having a 9.67 of forward P/E ratio. Stock’s beta reads 1.03. Stock has a price to book (P/B) ratio of 1.73 while price to sale or P/S ratio amounts to 1.35. Its return on asset (ROA) is 0.58% on average.