Mitsubishi UFJ Financial Group Inc. ADR (NYSE:MUFG) remained unchanged to close Tuesday at $8.64 after subtracting $0.0 on the day. The 5-day average trading volume is 4,216,300 shares of the company’s common stock. It has gained $8.99 in the past week and touched a new high 3 times within the past 5 days. An average of 2,881,315 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,897,194.
MUFG’s 1-month performance is 11.20% or $0.87 on its low of $7.82 reached on 08/29/23. The company’s shares have touched a 52-week low of $4.31 and high of $9.04, with the stock’s rally to the 52-week high happening on 09/14/23. YTD, MUFG has achieved 29.54% or $1.97 and has reached a new high 14 times. However, the current price is down -4.42% from the 52-week high price.
Valuation Metrics
MUFG stock has a beta of 0.69. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.53 while the price-to-book (PB) in the most recent quarter is 0.83.
As well, the company’s long term debt to equity for the quarter ending June 29 was 2.88, while the total debt to equity was 5.09. The firm’s gross profit as reported stood at $21.65 billion against revenue of $39.21 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Analysts expected MUFG to announce $0.19 per share in earnings in its latest quarter, but it posted $0.34, representing a 78.90% surprise.
Let’s look briefly at Mitsubishi UFJ Financial Group Inc. ADR (MUFG) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 26 September was 53.85% to suggest the stock is trending Neutral, with historical volatility in this time period at 30.03%.
The stock’s 5-day moving average is $8.75, reflecting a -3.03% or -$0.27 change from its current price. MUFG is currently trading +9.51% above its 20-day SMA, +42.34% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +14.29% and SMA200 by+58.53%.
Stochastic %K and %D was 64.85% and 71.98% and the average true range (ATR) pointed at 0.18. The RSI (14) points at 57.97%, while the 14-day stochastic is at 55.06% with the period’s ATR at 0.17. The stock’s 9-day MACD Oscillator is pointing at -0.05 and 0.04 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Mitsubishi UFJ Financial Group Inc. ADR (NYSE: MUFG), BofA Securities upgraded it to a Buy rating. They previously had a Neutral rating on the stock. Analysts offering their rating for MUFG stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate MUFG as a “sell,”, while 4 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 4 rates the stock as overweight while 8 have offered a “buy” rating.
What is MUFG’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $7.79 and a high of $10.80, with their median price target at $9.07. Looking at these predictions, the average price target given by analysts is for Mitsubishi UFJ Financial Group Inc. ADR (MUFG) stock is $9.07.
