The stock of Mitsubishi UFJ Financial Group Inc. (NYSE:MUFG) decreased by -$0.11 on Wednesday to $8.80, down -1.18 percent. The last five days have seen an average of 2,560,916 shares of common stock traded. 14 times new highs were reached in the current year, with a gain of $2.13. The average number of shares traded over the last 20 days was 2,283,929, while the average volume over the last 50 days totaled 2,712,790.
MUFG stock appreciated 18.03% since last month. On 08/21/23, the company’s shares reached a one-month low of $7.43. The stock touched a high of $9.04 on 09/14/23, after rallying from a low of $4.31 in 52 weeks. The price of MUFG stock has risen by 32.01% or $2.13 this year, reaching a new high 14 times. Still, the stock price is down -2.60% from the 52-week high.
Valuation Metrics
Mitsubishi UFJ Financial Group Inc. (MUFG) has a trailing price-to-earnings (P/E) ratio of 10.04. Beta for the stock is 0.71. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.95, the price-to-book (PB) ratio of 0.86.
Financial Health
The company’s long-term debt to equity ratio for the quarter ending June 29 is 2.28, and the total debt to equity ratio is 2.28. Mitsubishi UFJ Financial Group Inc.’s operating margin stood at 34.60% for the same period. Based on annual data, it had gross profit of $21.65 billion and revenue of $39.21 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. MUFG’s return on assets (ROA) during the last 12 months has been 0.40%. There was a 1.60% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 9.10%.
Earnings Surprise
According to Mitsubishi UFJ Financial Group Inc.’s quarterly financial report for the quarter that ended June 29. It was predicted that Mitsubishi UFJ Financial Group Inc.’s quarterly earnings would be $0.34, but it ended up being $0.19, beating the consensus by 78.90%. At the end of Mitsubishi UFJ Financial Group Inc.’s most recent quarter ended June 29, its total debt was $92.0 trillion.
Technical Picture
Here’s a quick look at Mitsubishi UFJ Financial Group Inc.’s (MUFG) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 66.11%, suggesting the stock is Neutral, with a 38.04% historical volatility rate.
The stochastic %K and %D were 79.63% and 78.47% respectively, while the average true range (ATR) was 0.17. Based on the 14-day stochastic reading of 79.04%, the RSI (14) reading is 66.82%. On the 9-day MACD Oscillator, the stock is at 0.09, and the 14-day reading is at 0.29.
Analyst Ratings
In its most recent analyst report, BofA Securities raised its rating on Mitsubishi UFJ Financial Group Inc. (NYSE: MUFG) to a Buy. Prior to this, analysts firm rated the stock as a Neutral. Analysts have assigned Mitsubishi UFJ Financial Group Inc. (MUFG) an Overweight rating. MUFG is a stock that is recommended for selling by 0 brokerage firms, while 4 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 4 rates it overweight and 8 others recommend it as a buy.
What is MUFG’s price target for the next 12 months?
The current consensus forecast for the stock is between $7.79 and $10.15, with a median target price of $9.07. In analyzing these forecasts, the average price target given by analysts for Mitsubishi UFJ Financial Group Inc. (MUFG) is $8.96.
