Is Wall Street High Or Low On Sumitomo Mitsui Financial Group Inc. (SMFG)?


Sumitomo Mitsui Financial Group Inc. (NYSE:SMFG) traded with an addition of $0.07 to close at $7.99 on Friday, an upside of 0.95 percent. An average of 2,808,379 shares of common stock have been traded in the last five days. There was a gain of $0.09 in the past week, and it reached a new high 16 times over the past 12 months. The last 20 days have seen an average of 3,481,715 shares traded, while the 50-day average volume stands at 3,086,140.

SMFG stock has increased by 16.30% in the last month. The company shares reached their 1-month lowest point of $6.66 on 12/06/22. With the stock rallying to its 52-week high on 12/27/22, shares of the company touched a low of $5.39 and a high of $8.09 in 52 weeks. It has reached a new high 15 times so far this year and achieved 16.64% or $1.20 in price. In spite of this, the price is down -1.17% from the 52-week high.

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Valuation Metrics

Sumitomo Mitsui Financial Group Inc. (SMFG) has a trailing price-to-earnings (P/E) ratio of 9.26. The stock’s beta is 0.72. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.79, the price-to-book (PB) ratio at 0.57.

The company’s most recent quarterly dividend payment was $0.1655 a share, representing a up of 43.91% from $0.1150 last year. Its latest increase dividend $0.0505 reported on Wednesday January 22 2020.

Financial Health

Further, the company has a long term debt to equity ratio of 1.78 and a total debt to equity ratio of 1.78 for the quarter ending September 29. Its gross profit as reported stood at $12.85 billion compared to revenue of $15.55 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Sumitomo Mitsui Financial Group Inc.’s return on assets was 0.30%.

Earnings Surprise

The analyst consensus anticipated Sumitomo Mitsui Financial Group Inc.’s latest quarter earnings to come in at $0.21 per share, but it turned out to be $0.33, a 57.10% surprise. At the end of the quarter ending September 29, Sumitomo Mitsui Financial Group Inc.’s stock balance sheet showed total debt was $46.13 trillion.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Sumitomo Mitsui Financial Group Inc. (SMFG) price momentum. RSI 9-day as of the close on 29 December was 80.64%, suggesting the stock is Overbought, with historical volatility in this time frame at 47.23%.

As of today, SMFG’s price is $8.00 +1.07% or $0.09 from its 5-day moving average. SMFG is currently trading +17.40% higher than its 20-day SMA and +32.15% higher than its 100-day SMA. However, the stock’s current price level is +47.24% above the SMA50 and +16.04% above the SMA200.

The stochastic %K and %D were 91.49% and 93.67%, respectively, and the average true range (ATR) was 0.15. With the 14-day stochastic at 93.36% and the average true range at 0.15, the RSI (14) stands at 80.11%. The stock has reached 0.17 on the 9-day MACD Oscillator while the 14-day reading was at 0.52.

Analyst Ratings

The consensus rating for Sumitomo Mitsui Financial Group Inc. (SMFG) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell SMFG, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 11 others rate it as a “buy”.

What is SMFG’s price target for the next 12 months?

Analysts predict a range of price targets between $6.69 and $10.89, with a median target of $8.07. Taking a look at these predictions, the average price target given by analysts for Sumitomo Mitsui Financial Group Inc. (SMFG) stock is $8.49.


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