Credit Suisse Believes MFC Won’t Stop Here

By Carrie Williams

Credit Suisse analyst Kevin Choquette assigned a Buy rating to Manulife Financial Corp (NYSE: MFC) today. The company’s shares closed last Friday at $16.56, close to its 52-week high of $16.95.

According to TipRanks.com, Choquette is a 4-star analyst with an average return of 6.0% and a 75.9% success rate. Choquette covers the Financial sector, focusing on stocks such as Canadian Bank of Commerce, Toronto Dominion Bank, and Great Western Bancorp.

Manulife Financial Corp has an analyst consensus of Strong Buy.

Manulife Financial Corp’s market cap is currently $32.67B and has a P/E ratio of 17.42. The company has a book value ratio of 1.1034.

Manulife Financial Corp. engages in the provision of financial protection and wealth management products and services. It operates through the following divisions: Asia, Canadian, U.S., and Corporate and Other. The Asia division offers portfolio of products and services including life and health insurance, annuities, mutual funds and retirement solutions. The Canadian division includes portfolio of protection, estate planning, investment, and banking solutions. The U.S. division involves in providing financial solutions. The Corporate and Other division comprises of investment performance on assets backing capital. The company was founded on April 1, 1999 and is headquartered in Toronto, Canada.