Manulife Financial (MFC) Stock Forecast & Price Target

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$22.98

-0.21 (-0.91%)

(As of 04/15/2024 ET)

Manulife Financial Consensus Analyst Rating and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Analysts' Consensus Rating

Buy
Based on 5 Analyst Ratings

Analysts' Consensus Price Target

$33.33
45.02% Upside

High Forecast	$35.00
Average Forecast	$33.33
Low Forecast	$32.00

Type	Current Forecast 4/16/23 to 4/15/24	1 Month Ago 3/17/23 to 3/16/24	3 Months Ago 1/16/23 to 1/16/24	1 Year Ago 4/16/22 to 4/16/23
Consensus Rating	Buy	Buy	Buy	Hold
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	5 Buy rating(s)	5 Buy rating(s)	2 Buy rating(s)	1 Buy rating(s)
Hold	0 Hold rating(s)	0 Hold rating(s)	0 Hold rating(s)	5 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$33.33	$33.33	$32.50	N/A
Predicted Upside	45.02% Upside	61.83% Upside	68.95% Upside	N/A

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MFC Analyst Ratings By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

MFC Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Manulife Financial Stock vs. The Competition

Type	Manulife Financial	Finance Companies	S&P 500
Consensus Rating Score	3.00	2.43	2.48
Consensus Rating	Buy	Hold	Hold
Predicted Upside	45.02% Upside	77.13% Upside	11.24% Upside
News Sentiment Rating	Positive News	Positive News	Positive News

Recent Analyst Ratings and Stock Forecasts

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
2/22/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy
2/15/2024	Desjardins Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Young Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Buy
2/15/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Market Perform ➝ Outperform	$31.00 ➝ $35.00	+54.59%
12/12/2023	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Sector Perform ➝ Outperform
8/11/2023	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$31.00 ➝ $33.00	+69.06%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 11:57 PM ET.

MFC Price Target - Frequently Asked Questions

What is Manulife Financial's consensus rating and price target?: According to the issued ratings of 5 analysts in the last year, the consensus rating for Manulife Financial stock is Buy based on the current 5 buy ratings for MFC. The average twelve-month price prediction for Manulife Financial is $33.33 with a high price target of $35.00 and a low price target of $32.00. Learn more on MFC's analyst rating history.
Do Wall Street analysts like Manulife Financial more than its competitors?: Analysts like Manulife Financial more than other Finance companies. The consensus rating for Manulife Financial is Buy while the average consensus rating for finance companies is Hold. Learn more on how MFC compares to other companies.
Is Manulife Financial being upgraded by Wall Street analysts?: Over the previous 90 days, Manulife Financial's stock had 2 upgrades by analysts.

Does Manulife Financial's stock price have much upside?: According to analysts, Manulife Financial's stock has a predicted upside of 61.83% based on their 12-month stock forecasts.
What analysts cover Manulife Financial?: Manulife Financial has been rated by BMO Capital Markets, Desjardins, and Jefferies Financial Group in the past 90 days.

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This page (NYSE:MFC) was last updated on 4/15/2024 by MarketBeat.com Staff

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Manulife Financial (MFC) Stock Forecast & Price Target

Manulife Financial Consensus Analyst Rating and Stock Price Forecast (2024)

Analysts' Consensus Rating

Analysts' Consensus Price Target

MFC Analyst Ratings By Month

MFC Price Targets by Month

Manulife Financial Stock vs. The Competition

Recent Analyst Ratings and Stock Forecasts

MFC Price Target - Frequently Asked Questions

Stock Ratings Reports and Tools

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