Manulife Financial - MFC Stock Forecast, Price & News

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Manulife Financial in the last year. There are currently 7 hold ratings, 2 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" MFC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MFC, but not buy additional shares or sell existing shares.
View MFC analyst ratings or view top-rated stocks.

10 brokers have issued 12 month price objectives for Manulife Financial's shares. Their MFC share price forecasts range from C$24.00 to C$34.00. On average, they expect the company's share price to reach C$27.05 in the next year. This suggests a possible upside of 4.1% from the stock's current price.
View analysts price targets for MFC or view top-rated stocks among Wall Street analysts.

Manulife Financial's stock was trading at C$24.15 at the beginning of 2023. Since then, MFC stock has increased by 7.5% and is now trading at C$25.97.
View the best growth stocks for 2023 here.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 15th 2023.
View our MFC earnings forecast.

Manulife Financial Co. (TSE:MFC) issued its quarterly earnings results on Wednesday, November, 9th. The financial services provider reported $0.67 earnings per share for the quarter, missing analysts' consensus estimates of $0.72 by $0.05. The financial services provider earned $7.78 billion during the quarter, compared to analyst estimates of $14.74 billion.

Manulife Financial declared a quarterly dividend on Wednesday, November 9th. Shareholders of record on Tuesday, November 22nd will be paid a dividend of 0.33 per share on Monday, December 19th. This represents a $1.32 annualized dividend and a dividend yield of 5.08%. The ex-dividend date is Monday, November 21st.
Read our dividend analysis for MFC.

Manulife Financial (TSE:MFC) pays an annual dividend of C$1.32 per share and currently has a dividend yield of 4.97%. MFC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 35.20%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for MFC.

Based on aggregate information from My MarketBeat watchlists, some companies that other Manulife Financial investors own include Intact Financial (IFC), Constellation Software (CSU), Enbridge (ENB), Toronto-Dominion Bank (TD), Bank of Nova Scotia (BNS), BCE (BCE), Royal Bank of Canada (RY), Alimentation Couche-Tard (ATD.B), AbbVie (ABBV) and Suncor Energy (SU).

Manulife Financial trades on the Toronto Stock Exchange (TSX) under the ticker symbol "MFC."

Shares of MFC stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
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One share of MFC stock can currently be purchased for approximately C$25.97.

Manulife Financial (TSE:MFC) has a market capitalization of C$48.69 billion and generates C$21.53 billion in revenue each year.

The company employs 38,000 workers across the globe.

Manulife Financial's mailing address is 1-200 Bloor St E, TORONTO, ON M4W 1E5, Canada. The official website for the company is www.manulife.com. The financial services provider can be reached via phone at +1-416-9263427.