Barclays (LON:BARC) analyst John Aiken maintained a Hold rating on Manulife Financial (NYSE:MFC) Corp on Thursday, setting a price target of C$25, which is approximately 20.72% above the present share price of $15.76.
Aiken expects Manulife Financial Corp to post earnings per share (EPS) of $0.00 for the fourth quarter of 2020.
The current consensus among 7 TipRanks analysts is for a Moderate Buy rating of shares in Manulife Financial, with an average price target of $18.52.
The analysts price targets range from a high of $19.79 to a low of $16.74.
In its latest earnings report, released on 06/30/2020, the company reported a quarterly revenue of $27.09 billion and a net profit of $0. The company's market cap is $30.57 billion.
According to TipRanks.com, Barclays analyst John Aiken is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -2.6% and a 42.02% success rate.
Manulife Financial Corp. is a financial services company, which engages in the provision of financial protection and wealth management products and services. It operates through the following business segments: Asia, Canada, U.S., Global Wealth & Asset Management and Corporate & Other. The Asia segment provides insurance products and insurance-based wealth accumulation products in Asia. The Canada segment provides insurance products, insurance-based wealth accumulation products and banking services in Canada. The U.S. segment provides life insurance products, insurance-based wealth accumulation products, digital advice solutions and administering in-force long-term care insurance and annuity businesses in the U.S. The Global Wealth & Asset Management segment provides fee-based wealth solutions to retail, retirement and institutional customers. The Corporate & Other segment comprises of investment performance on assets backing capital, net of amounts allocated to operating segments, financing costs, costs incurred by the corporate office related to shareholder activities, Property & Casualty Reinsurance business and run-off reinsurance business lines. The company was founded on April 26, 1999 and is headquartered in Toronto, Canada.