Key Takeaways:
- Manulife Financial (MFC, Financial) sees a 3.5% core earnings increase in Q1.
- Analysts maintain a "Buy" rating despite potential price declines.
- Significant growth in new business value amidst challenging inflows.
Manulife Financial (MFC) has announced its financial results for the first quarter, revealing a 3.5% increase in core earnings to C$1.77 billion. On a constant exchange rate basis, core earnings declined 1%. The company's Non-GAAP EPS is reported at C$0.99. At the same time, core return on equity (ROE) was notable at 15.6%, complemented by a sturdy LICAT ratio of 137%. Noteworthy is the 36% surge in new business value, though the Global Wealth and Asset Management segment faced a downturn in net inflows.
Wall Street Analysts Forecast
According to predictions from 1 analyst, the average one-year price target for Manulife Financial Corp (MFC, Financial) is set at $27.31. This includes a consistent high and low estimate of $27.31, suggesting a potential downside of 12.94% from the current price of $31.37. For a deeper dive into these projections, visit the Manulife Financial Corp (MFC) Forecast page.
Currently, the consensus from 1 brokerage firm assigns Manulife Financial Corp (MFC, Financial) an average brokerage recommendation of 1.0, which corresponds to a "Buy" status. The recommendation scale ranges from 1, indicating a Strong Buy, to 5, signifying a Sell.
GuruFocus' calculations estimate the GF Value of Manulife Financial Corp (MFC, Financial) at $23.18 in one year, pointing to a 26.11% downside from the current price of $31.37. The GF Value is a measure of what the stock should ideally trade at, derived from historical price multiples, past business growth rates, and future business performance projections. For more information, refer to the Manulife Financial Corp (MFC) Summary page.
