Sumitomo Mitsui Financial Group Inc. (NYSE:SMFG) finished Friday with an addition of $0.04 to close at $8.92, an upside of 0.45 percent. An average of 1,020,760 shares of common stock have been traded in the last five days. There was a gain of $0.31 in the past week, and it reached a new high 22 times over the past 12 months. The last 20 days have seen an average of 1,192,215 shares traded, while the 50-day average volume stands at 1,498,228.
SMFG stock has decreased by -2.62% in the last month. The company shares reached their 1-month lowest point of $8.55 on 08/16/23. With the stock rallying to its 52-week high on 07/28/23, shares of the company touched a low of $5.39 and a high of $9.58 in 52 weeks. It has reached a new high 8 times so far this year and achieved 11.22% or $0.90 in price. In spite of this, the price is down -6.89% from the 52-week high.
Valuation Metrics
Sumitomo Mitsui Financial Group Inc. (SMFG) has a trailing price-to-earnings (P/E) ratio of 11.03. The stock’s beta is 0.73. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.93, the price-to-book (PB) ratio at 0.65.
The company has a payout ratio of 40.43%. 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 1.91 and a total debt to equity ratio of 1.91 for the quarter ending June 29. Its gross profit as reported stood at $12.99 billion compared to revenue of $27.35 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 $0.24 per share, but it turned out to be $0.27, a 12.50% surprise. At the end of the quarter ending June 29, Sumitomo Mitsui Financial Group Inc.’s stock balance sheet showed total debt was $53.93 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 25 August was 56.33%, suggesting the stock is Neutral, with historical volatility in this time frame at 16.07%.
As of today, SMFG’s price is $8.82 +3.60% or $0.31 from its 5-day moving average. SMFG is currently trading -5.61% lower than its 20-day SMA and +10.53% higher than its 100-day SMA. However, the stock’s current price level is +6.70% above the SMA50 and +53.53% above the SMA200.
The stochastic %K and %D were 59.09% and 44.63%, respectively, and the average true range (ATR) was 0.14. With the 14-day stochastic at 77.08% and the average true range at 0.15, the RSI (14) stands at 53.26%. The stock has reached 0.17 on the 9-day MACD Oscillator while the 14-day reading was at 0.12.
Analyst Ratings
Goldman downgraded Sumitomo Mitsui Financial Group Inc. (NYSE: SMFG) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as a Buy. The consensus rating for Sumitomo Mitsui Financial Group Inc. (SMFG) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell SMFG, while 5 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 7 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 $8.38 and $12.28, with a median target of $10.35. Taking a look at these predictions, the average price target given by analysts for Sumitomo Mitsui Financial Group Inc. (SMFG) stock is $10.20.
