Manulife Financial Corp (NYSE:MFC) Receives Daily News Impact Rating of 0.22
Media coverage about Manulife Financial Corp (NYSE:MFC) (TSE:MFC) has been trending somewhat positive on Wednesday, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Manulife Financial Corp earned a media sentiment score of 0.22 on Accern’s scale. Accern also gave news headlines about the financial services provider an impact score of 47.3732340971597 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the headlines that may have effected Accern’s analysis:
- Manulife Financial Corp (NYSE:MFC) Issues Quarterly Earnings Results, Beats Expectations By $0.16 EPS (americanbankingnews.com)
- Manulife Financial Corporation (NYSE:MFC) Stock Traded Well Above Its 50 Day Average – Modern Readers (modernreaders.com)
- Manulife Financial Corporation (NYSE:MFC) Experiences Lighter than Average Trading Volume – Modern Readers (modernreaders.com)
- Manulife Financial Corp (MFC) Shares Sold by Gulf International Bank UK Ltd (fishinghd.com)
- Manulife Financial Corp (MFC) Shares Sold by Regentatlantic Capital LLC (elcumanes.com)
Shares of Manulife Financial Corp (MFC) traded down 1.46% during midday trading on Wednesday, reaching $20.18. 2,049,811 shares of the company’s stock traded hands. The stock has a market cap of $39.89 billion, a P/E ratio of 16.29 and a beta of 1.30. The stock has a 50 day moving average of $19.40 and a 200-day moving average of $18.33. Manulife Financial Corp has a 12 month low of $13.04 and a 12 month high of $20.84.
Manulife Financial Corp (NYSE:MFC) (TSE:MFC) last posted its quarterly earnings results on Wednesday, August 9th. The financial services provider reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.16. During the same quarter last year, the firm earned $0.40 earnings per share. On average, equities research analysts forecast that Manulife Financial Corp will post $1.74 EPS for the current fiscal year.
MFC has been the subject of a number of research analyst reports. ValuEngine lowered shares of Manulife Financial Corp from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 2nd. BidaskClub lowered shares of Manulife Financial Corp from a “hold” rating to a “sell” rating in a research note on Tuesday, June 27th. National Bank Financial reaffirmed a “sector perform overweight” rating on shares of Manulife Financial Corp in a research note on Wednesday, May 3rd. Finally, Zacks Investment Research raised shares of Manulife Financial Corp from a “sell” rating to a “hold” rating and set a $22.00 target price for the company in a research note on Monday, July 10th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $22.25.
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Manulife Financial Corp Company Profile
Manulife Financial Corporation (MFC) is a holding company of The Manufacturers Life Insurance Company (MLI), which is a life insurance company, and John Hancock Reassurance Company Ltd. (JHRECO), which is a reinsurance company. The Company operates as a financial services company with principal operations in Asia, Canada and the United States.
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