Hansberger Growth Investors LP Sells 21936 Shares of Manulife Financial Co. (MFC)

Cornelia Mascio
Febbraio 24, 2018

They now have a $28 target on the firm.

Manulife Financial Corporation (NYSE:MFC)'s interesting series of developments are underway around the USA stock market these days. Zacks Investment Research cut shares of Manulife Financial from a "buy" rating to a "hold" rating in a research note on Friday, November 3rd. Therefore 67% are positive. Manulife Financial has a 12 month low of C$22.39 and a 12 month high of C$27.77. Manulife Financial Corp. had 11 analyst reports since July 29, 2015 according to SRatingsIntel.

Manulife Financial Corporation (MFC) stock price performed at a change of -5.71% from 20 day SMA and stands at a distance of -7.82% away from 50 day SMA. RBC Capital Markets maintained Manulife Financial Corporation (NYSE:MFC) on Friday, August 7 with "Outperform" rating. The company was initiated on Wednesday, August 24 by Bank of America. As per Friday, November 13, the company rating was maintained by RBC Capital Markets. The company was downgraded on Thursday, August 4 by IBC. Morgan Stanley maintained Manulife Financial Corporation (NYSE:MFC) rating on Thursday, October 5. In the long run equity markets that exhibit stronger EPS growth tend to outperform. The stock of Manulife Financial Corporation (NYSE:MFC) has "Equal-Weight" rating given on Thursday, February 22 by Morgan Stanley. The company was initiated on Wednesday, September 21 by Dundee Securities. MFC has diverse figures for different time frames; starting from week's performance plunged -0.41% in last five regular trading sessions. This will give analytical advantage to a shorter-term trader since it pursues the price more intimately, and consequently produces less "lag" as comparison to the longer-term moving average.

More notable recent Manulife Financial Corporation (NYSE:MFC) news were published by: Fool.ca which released: "Manulife Financial Corp.: Should You Buy?" on January 29, 2018, also Fool.ca with their article: "Is Manulife Financial Corporation a Buy Following its Q4 Release and Dividend ..." published on February 09, 2018, Fool.ca published: "Why I'm Bullish on Manulife Financial Corp". It has outperformed by 7.30% the S&P500. Note, this compares with a consensus analyst forecast of 0.51 in earnings per share for its next fiscal quarterly report.

For the current Fiscal Quarter, 17 analysts on average are expecting earnings of $1.56 per share. After $0.46 actual earnings per share reported by Manulife Financial Corporation for the previous quarter, Wall Street now forecasts 10.87 % EPS growth.

We provide financial advice, insurance, as well as wealth and asset management solutions for individuals, groups and institutions. The firm has a market cap of $39,351.32, a price-to-earnings ratio of 26.82, a P/E/G ratio of 1.01 and a beta of 1.28. The firm offers individual life, and individual and group long-term care insurance through insurance agents, brokers, banks, financial planners, and direct marketing. The price earnings ratio (P/E) ratio helps investors analyze how much they should pay for a stock based on its current earnings. It also provides pension contracts and mutual fund services and products; various retirement products to group benefit plans; and annuities, single premium, and banking products, such as deposit and credit products to Canadian customers, as well as non-guaranteed, partially guaranteed, and fully guaranteed investment options through general and separate account products.

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