Why This 1 Value Stock Could Be a Great Addition to Your Portfolio
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Taking full advantage of the stock market and investing with confidence are common goals for new and old investors alike.
Many investors also have a go-to methodology that helps guide their buy and sell decisions. One way to find winning stocks based on your preferred way of investing is to use the Zacks Style Scores, which are indicators that rate stocks based on three widely-followed investing types: value, growth, and momentum.
Why Investors Should Pay Attention to This Value Stock
Value investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, and Price/Cash Flow, the Value Style Score identifies the most attractive and most discounted stocks.
Manulife Financial (MFC)
Headquartered in Toronto, Canada, Manulife Financial Corporation was founded in 1887. Manulife is one of the three dominant life insurers within its domestic Canadian market and possesses rapidly growing operations in the U.S. and several Asian countries. Manulife reports earnings through six divisions and has five major operating divisions – Asia, Canada, U.S. Insurance and U.S. Wealth Management, and Corporate.
MFC is a Zacks Rank #3 (Hold) stock, with a Value Style Score of A and VGM Score of B. Shares are currently trading at a forward P/E of 10.7X for the current fiscal year compared to the Insurance - Life Insurance industry's P/E of 10.7X. Additionally, MFC has a PEG Ratio of 1.1 and a Price/Cash Flow ratio of 8.9X. Value investors should also note MFC's Price/Sales ratio of 1.4X.
A company's earnings performance is important for value investors as well. For fiscal 2024, four analysts revised their earnings estimate higher in the last 60 days for MFC, while the Zacks Consensus Estimate has increased $0.02 to $2.74 per share. MFC also holds an average earnings surprise of 8%.
Investors should take the time to consider MFC for their portfolios due to its solid Zacks Ranks, notable earnings and valuation metrics, and impressive Value and VGM Style Scores.
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Manulife Financial Corp (MFC) : Free Stock Analysis Report