Alert: Positive Investment/Fundamental Signals (12/4/23)-Manulife Financial Corp (NYSE: MFC)


Extremely significant positive changes in Manulife Financial Corp (NYSE: MFC) investment behavior have recently occurred: its shorter term price trend turned up, and the stock’s recent price rise disrupted its longer term downtrend.

Recent meaningful positive changes in fundamentals have benefitted Manulife Financial Corp (NYSE: MFC): significant quarterly earnings acceleration occurred, and the consensus estimate for December, 2023 increased significantly.

In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.


Current PriceTarget Research Rating

Reflecting future returns on capital that are forecasted to exceed the cost of capital, MFC is expected to continue to be an important Value Builder.

Manulife Financial has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Manulife Financial has a neutral Appreciation Score of 58 and a slightly positive Power Rating of 70, producing the Positive Value Trend Rating.

Recent Price Action

Manulife Financial Corp (NYSE: MFC) stock rose modestly by 0.6% on 12/4/23. The stock closed at $19.84. Trading volume in this advance was normal. The stock has been strong relative to the market over the last nine months and has risen 2.3% during the last week.

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