
Manulife Financial (MFC) Stock Forecast & Price Target
Manulife Financial (MFC) Analyst Ratings
Bulls say
Manulife Financial is showing strong growth potential in its Asian and Global Wealth Management segments, with an 18% ROE target and improvements in new business trends and EBITDA margins. However, earnings quality was weaker this quarter, with higher market experience losses and ALDA charges, which may continue to impact the company's profitability in the near term. Key risks to the target price include potential fluctuations in foreign exchange rates and adverse changes in legislation or regulation.
Bears say
Manulife Financial is trading at a premium compared to its peers with a P/E multiple of 12.3x and 11.2x for 2026E and 2027E, respectively, compared to the industry average of 8.3x. Despite a strong improvement in ROE, their Q1 performance missed expectations due to lower investment earnings, weaker results in their global asset and wealth management business, and weaker earnings on surplus and expenses. Furthermore, there are key risks to consider, such as exposure to personal auto insurance markets, a potential downturn in the P&C cycle, and unfavorable changes in FX rates. Additionally, their recent joint venture in India is not expected to contribute to earnings or sales for many years, which may hinder their future growth potential.
This aggregate rating is based on analysts' research of Manulife Financial and is not a guaranteed prediction by Public.com or investment advice.
Manulife Financial (MFC) Analyst Forecast & Price Prediction
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