Recent exceptional positive changes in investment behavior have benefitted Manulife Financial Corp (NYSE: MFC): the stock rose on very heavy volume, and its shorter term price trend turned up.
Manulife Financial Corp (NYSE: MFC) has benefited from important positive changes in fundamentals: significant quarterly earnings acceleration occurred, and significant quarterly sales acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, MFC is expected to continue to be a Value Builder.
Manulife Financial has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Manulife Financial has a good Appreciation Score of 72 and a very high Power Rating of 92, with the Highest Value Trend Rating the result.
Recent Price Action
On 5/10/24, Manulife Financial Corp (NYSE: MFC) stock increased 1.2%, closing at $26.05. Moreover, exceptionally high trading volume at 292% of normal accompanied the advance. The stock has been exceptionally strong relative to the market over the last nine months and has risen 9.9% during the last week.
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