In recent trading, shares of Manulife Financial Corp (Symbol: MFC) have crossed above the average analyst 12-month target price of $32.54, now trading at $32.87 per share. When a stock hits an analyst’s target, there are typically two main reactions: either the analyst downgrades the stock due to valuation concerns or they raise their target price. The decision often hinges on the company’s business outlook; positive developments may lead to higher target prices.
Currently, 12 analysts contribute to the target average for Manulife Financial Corp. However, this average masks a range of opinions. For instance, one analyst has set a lower target of $27.00, while another predicts a peak of $36.04. The standard deviation among these targets is $3.248, indicating some level of disagreement among analysts.
The rationale for considering the average MFC price target revolves around collective analyst insights. This aggregated perspective offers a broader view than relying solely on an individual expert’s opinion. With MFC’s share price now exceeding $32.54, it prompts a reassessment among investors: is this figure merely a stepping stone toward a higher target, or has the stock’s valuation stretched too far, warranting profit-taking? Below is a breakdown of current analyst ratings for Manulife Financial Corp:
| Recent MFC Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Month Ago | 3 Month Ago |
| Strong buy ratings: | 7 | 7 | 7 | 7 |
| Buy ratings: | 3 | 3 | 3 | 3 |
| Hold ratings: | 4 | 4 | 4 | 3 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 0 | 0 | 0 | 0 |
| Average rating: | 1.79 | 1.79 | 1.79 | 1.69 |
The average rating shown in the table uses a scale from 1 to 5, where 1 indicates a Strong Buy and 5 represents a Strong Sell. This article relies on data provided by Zacks Investment Research via Quandl.com. For the latest insights, obtain the Zacks research report on MFC — FREE.
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The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Nasdaq, Inc.
