Somewhat Positive Press Coverage Somewhat Unlikely to Affect Manulife Financial (MFC) Stock Price
Media stories about Manulife Financial (NYSE:MFC) (TSE:MFC) have trended somewhat positive recently, according to Accern Sentiment. The research group ranks the sentiment of press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Manulife Financial earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave media headlines about the financial services provider an impact score of 46.6222762814253 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- JPMorgan Plans Increased, Accelerated Investments on Tax Plan (finance.yahoo.com)
- Desjardins Equities Analysts Increase Earnings Estimates for Manulife Financial Co. (MFC) (americanbankingnews.com)
- Analysts Anticipate Manulife Financial Co. (MFC) Will Post Earnings of $0.45 Per Share (americanbankingnews.com)
- Is The Stock Worthy?: Manulife Financial Corporation (NYSE: MFC) – Alpha Beta Stock (alphabetastock.com)
- Manulife Financial Corporation (NYSE:MFC) – Stock’s Liquidity Overview – Nasdaq Journal (press release) (nasdaqjournal.com)
Manulife Financial (NYSE MFC) traded up $0.13 during trading hours on Friday, hitting $21.81. The company had a trading volume of 2,532,120 shares, compared to its average volume of 2,304,556. The firm has a market capitalization of $43,210.00, a P/E ratio of 14.94, a P/E/G ratio of 1.12 and a beta of 1.33. Manulife Financial has a twelve month low of $16.62 and a twelve month high of $21.82.
MFC has been the topic of a number of research reports. Zacks Investment Research upgraded Manulife Financial from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a report on Tuesday, October 10th. Morgan Stanley lifted their target price on Manulife Financial from $26.00 to $27.00 and gave the company an “equal weight” rating in a research report on Thursday, October 5th. Finally, ValuEngine downgraded Manulife Financial from a “strong-buy” rating to a “buy” rating in a research report on Monday, September 18th. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $25.00.
About Manulife Financial
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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